Wednesday, 17 December 2014

ICRA assigns ‘AA+’ rating to Bajaj Finance’s subordinated debt programme

Credit rating agency, ICRA has assigned an ‘AA+’ rating to Rs 500 crore subordinated debt programme of Bajaj Finance. The ratings for the company factor in its ability to grow its business (Assets under management of Rs 28,004 crore as on September 30, 2014; 3 year CAGR of 36%) while diversifying its product mix as well as expanding geographically and maintaining good profitability (ROA of 3.25% in 2013-14) and maintaining good asset quality indicators (Gross NPA% of 1.41% as on September 30, 2014).
Bajaj Finance is one of the leading financial companies in India. It offers personal loans that are convenient, flexible, quickly processed, have superior features like zero prepayment charges & requires no security with minimum paper work. The company offers personal loans for home renovation, marriage in family, holiday, and medical expenses without providing security or guarantors.

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