ICICI Direct: Bajaj Finance - Business Normalisation With New Banking Expectation
A cashier counts Indian one hundred-rupee banknotes in New Delhi, India. (Photographer: Prashanth Vishwanathan/Bloomberg)

ICICI Direct: Bajaj Finance - Business Normalisation With New Banking Expectation

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BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

ICICI Direct Report

Bajaj Finance Ltd. has sailed through the headwinds and emerged stronger with a leaner operating model and robust growth guidance.

Reserve Bank of India’s new banking licence review has recommended that large non-banking financial companies with more than Rs 50,000 crore assets with 10-year existence can apply for banking licence.

Also, the management commentary that the company will consider the same if it is favourable, bodes well for the long term view of the stock.

Click on the attachment to read the full report:

ICICI Direct Bajaj Finance Company Update.pdf

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