Bajaj Finance sees Q2FY18 NII dip 4.5% sequentially
Arpita Thakur / 16 Oct 2017
Bajaj Finance Ltd registered an NII de-growth for the quarter of 4.5% qoq to Rs. 1,942.4 crores. The company's net profit for the quarter decreased by 7.5% qoq to Rs. 557 crores.
Bajaj Finance Ltd registered an NII de-growth for the quarter of 4.5% qoq to Rs. 1,942.4 crores.
The company's net profit for the quarter decreased by 7.5% qoq to Rs. 557 crores.
Its AUM as on September 30, 2017 increased by 5% qoq to Rs.72,139 crores from Rs. 68,883 crores.
The GNPA and NNPA stood at 1.68% and 0.51% as on September 30, 2017 and its capital adequacy ratio stood at 25.42%.
Bajaj Finance Limited, a subsidiary of Bajaj Finserv, is an Non-Banking Financial Company (NBFC). The company deals in Consumer Finance, SME (Small and Medium-sized Enterprises), Commercial Lending, and Wealth Management.
The stock opened at Rs. 1,969 and was trading at Rs. 1,927.3 (at 1400 hours) after touching an intraday high of Rs. 1,972.45.
If you want to stay updated with the share market news today, keep a close watch on the indian stock market today with real time movements like sensex today live and overall stock market today trends. Investors tracking ipo allotment status, ipo news today, or the latest ipo india can also follow daily updates along with bse share price live data. Whether you are learning how to invest in stock market in india, preparing for a market crash today, or searching for the best stocks to buy in india, insights on top gainers today india, top losers today india, trending stocks india and long term stocks india help in making informed investment decisions.