Digpu News

The results of Bajaj Finance include results of its wholly-owned subsidiaries Bajaj Housing Finance and Bajaj Financial Securities. Mumbai (Maharashtra) [India], Oct 22 : Finance said on Tuesday that its consolidated profit after tax jumped 63 per cent to Rs 1,506 crore during the July to September quarter from Rs 923 crore in the same period of the previous year. Net interest income of the country’s largest consumer durable lender was up by 48 per cent to Rs 3,999 crore from Rs 2,708 crore in Q2 FY19. The results are significant as the country’s economic growth has been hit by a dramatic consumption slowdown, which has dampened demand for consumer durables. Bajaj Finance said its assets under management as of September 30 grew by 38 per cent to Rs 1.35 lakh crore from Rs 98,013 crore as of September 30 last year. At the same time, total operating expenses to net interest income for Q2 FY20 was 34.6 per cent against 35.4 per cent in Q2 FY19. Gross non-performing assets ...

Amongst the many investment options available in the country, fixed deposits are often overshadowed by other growth-oriented avenues. However, with interest rates up to 8.95% and high safety of investment capital, options like Bajaj Finance Fixed Deposit are becoming more and more popular. There’s no doubt that this simple, yet effective investment instrument has become the key to guaranteed high returns. Here’s why you need to invest in a Bajaj Finance Fixed Deposit now. Announcements Made During Union Budget 2019 Finance Minister, Nirmala Sitharaman, presented the first budget for the Government’s second term on 5 July 2019. Apart from tax deductions to those buying affordable homes and electric cars, she also announced that those earning a taxable income of up to Rs. 5 lakh will get a complete tax rebate. Additionally, the budget also emphasised on the importance of higher contribution from those who earn more. As a result, those earning Rs. 2­­–5 crore have to pay 3% hi...