The top line is expected to grow by 10-12%: Sanjiv Bajaj

Interview with with Sanjiv Bajaj MD, Bajaj Finserv

A diversified book helped to sustain robust performance, says Sanjiv Bajaj, managing director of Bajaj Finserv, holding company for the group’s financial business. Excerpts:

What are the takeaways from the quarter (Q3) gone by?

In a challenging economic environment of slow growth, high inflation and high interest rates, the company has performed well.

What helped to show stable growth?

A diversified book has helped to show robust performance. Bajaj Allianz Life Insurance has shown good growth (for a consecutive quarter). The period of fall in growth is behind the (life insurance) company.

How has the demand trend been for the lending business and general insurance?

We have seen a slowdown in the two-wheeler segment and motor insurance (part of the non-life insurance business).

As we enter the fourth quarter, how is business sentiment for growth, both top line and bottom line?

The top line is expected to grow 10-12 per cent against nine-10 per cent before. Will not like to comment on the bottom line.