Bajaj Pay, the new product, is expected to be rolled out in the current quarter and is targeted at its existing customers
In a discussion paper released on its website, the RBI has suggested a four-tier pyramid structure for the sector.
BFL's credit costs will stay elevated at about 5 per cent in fiscal 2021 and improve to 2.5-2.7 per cent of total loans in fiscal 2022
Competition Commission of India approved the acquisition of stake in Max Life Insurance by Axis Bank, Axis Capital and Axis Securities
Auto loans, B2B and B2C consumer durable loans face the heat in Q3
With this app, Bajaj Finance will make an entry into the digital payments space
Sectorally, all except Nifty FMCG index ended the day in the green on the NSE with the FMCG index closing down 0.16 per cent
Rakesh Jhunjhunwala reduced stake in Federal Bank to 2.4 per cent from 2.71 per cent during the third quarter of FY21
L&T Finance, Indiabulls Housing Finance, IIFL Finance, REC, Shriram Transport Finance, Power Finance Corporation, LIC Housing and HDFC were up between 3 per cent and 9 per cent on the BSE
Bajaj Finance stock earlier formed a "double top" formation and, since then, has been witnessing a continuous fall
In the broader market, the S&P BSE MidCap index ended the day in the green, up 0.4 per cent at 18,749 level.
HDFC is planning to raise up to Rs 5,000 crore by issuing bonds on private placement basis
Festive season demand has lifted new customer addition and loan growth closer to pre-pandemic levels
Central bank says firm violated a specific direction to ensure full compliance with fair practices code in letter and spirit
Axis Bank ended the session as top Sensex gainers, up 6 per cent at close, followed by gains in HDFC (2.7 per cent), IndusInd Bank (2.7 per cent), and TCS (1.7 per cent)
MOIL will form JV with Gujarat Mineral Development Corporation for manganese ore mining JV in Gujarat
Growth guidance of around 25 per cent for FY22E and opportunity to apply for banking licence have resulted in renewed interest of investors in the stock, analysts said
With the stock doubling in six months, the consumer lender has outperformed peers
Analysts' outlook on Bajaj Finance's long-term prospects remains positive.
Bajaj Finance emerged as the biggest gainer, reflecting bullish investor sentiment