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