Bajaj Finance Limited - Impact of Termination of Co-Branded Credit Card with RBL Bank
The Board of RBL Bank has decided to terminate its 8-year old co-branded credit card agreement with Bajaj Finance (BAF), resulting in BAF selling...
259 Views
Top Conviction Ideas – “Banks, Financial Services and Insurance (BFSI)”
Banks (incl. SFBs) under our coverage reported a largely in-line performance delivering a credit growth at ~14% YoY, with a continuous and...
326 Views
Bajaj Finance - Elevated Credit Costs Remain a Drag on Earnings
Bajaj Finance (BAF)’s reported PAT in 2QFY25 grew 13% YoY to ~INR40.1b (in line). NII grew 23% YoY to ~INR88.4b (in line). Non-interest income...
434 Views
Bajaj Finance - Credit Cost Peaking; Standalone Valuation Turns Attractive; BUY
To reflect the Q2 developments and management commentary, we have adjusted our FY25-27 estimates, which leads to a ~4% cut in earnings.
306 Views
Bajaj Finance Ltd - Mixed Q2, Commentary Offering Comfort
Overall operating performance was in line however higher credit (2.1% versus 1.9% q-o-q) was a key dampener resulting in muted earnings growth.
276 Views