Bajaj Finance has acquired 962,204 customers in Q3FY14, a rise of 15% as compared to 833,280 customers acquired during Q3FY13. The company has launched 7 more branches and 28 more business correspondents in its rural lending business taking the total to 70 towns and villages in rural Maharashtra.
Bajaj Finance, a subsidiary of Bajaj Finserv, is engaged in the business of consumer finance, SME finance and commercial lending. Bajaj Finserv proposes to convert Bajaj Finance into a bank as per the Reserve Bank of India’s February 2013 guidelines.
The company has reported 20.59% rise in its net profit at Rs 194.14 crore for third quarter ended December 31, 2013 as compared to Rs 160.09 crore for the same quarter in the previous year. Total income of the company has increased by 30.63% at Rs 1081.90 crore for quarter under review as compared to Rs 828.23 crore for the quarter ended December 31, 2012.
Bajaj Finance, a subsidiary of Bajaj Finserv, is engaged in the business of consumer finance, SME finance and commercial lending. Bajaj Finserv proposes to convert Bajaj Finance into a bank as per the Reserve Bank of India’s February 2013 guidelines.
The company has reported 20.59% rise in its net profit at Rs 194.14 crore for third quarter ended December 31, 2013 as compared to Rs 160.09 crore for the same quarter in the previous year. Total income of the company has increased by 30.63% at Rs 1081.90 crore for quarter under review as compared to Rs 828.23 crore for the quarter ended December 31, 2012.
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