Bajaj Finance reports Q4 consol PAT of ₹948cr after ₹900cr Covid-19 provisioning. Full year highest ever consol PAT ₹5,264cr. Commendable performance in these times
The severity of
#Covid19
has had a grave impact on all of us. Bajaj Group pledges an additional ₹200 crore to alleviate the immediate on-ground challenges & build capability & capacity to tackle a possible third wave
Bajaj Finserv reports Q1FY21 consolidated income of ₹14,192cr (up 16%) & consol PAT of ₹1,215cr (up 44%) supported by Bajaj Finance PAT of ₹962cr, Bajaj Allianz General PAT of ₹395cr & Bajaj Allianz Life PAT of ₹130cr. Great team effort in these challenging times
Let us build our economy to realise the dreams of 135 crore Indians - by enabling the bottom 50%, accelerating the mid 40% & inspiring the top 10%. Together we will build the new India from these challenging times
FinMin needs to urgently announce a massive fiscal stimulus to restart our economy. MSME & other small businesses of all kinds need immediate support. We need to bring back their confidence, now.
Just glanced thru summary of RBI internal working group report on review of bank ownership - its progressive, practical & protective to all stakeholders’ interests. Onwards to Atmanirbhar financial services for Atmanirbhar India
Bajaj Finserv reports solid Q3 performance. Consolidated total income of ₹15,961cr & consol PAT of ₹1,290cr. Strong performance by Bajaj Finance, Bajaj Allianz General & Life
NBFCs r the lifeline for MSMEs & consumers. Many have carved a place for themselves in the lending business. They now need RBI to support them, esp the small & mid sized ones, with direct liquidity access. Let’s recognise their contribution and support them in these times
Banks bid only for 50% of RBI’s line today to NBFCs & MFIs. Complete risk aversion. RBI must give a direct line & Finmin must offer to bear first loss for some time. Let’s get our smaller but important lenders ready for the restart of our economy
Strong set of fiscal measures announced by FM today covering many areas (details to be read). Particularly, this will help the MSME sector and smaller NBFCs that were asking for this. However, we still need to bring back migrant workers to get MSMEs restarted
We must learn to practice good hygiene, safe distancing & wear masks. Do mass testing & provide medical support to containment areas. Other than elderly & those with medical issues, rest of the country must go back to work. That’s the balance required for some time
It is rare when a promoter takes a secondary role when getting an award as prestigious as the Company of the Year’
#ETAwards
. Kudos
#SanjivBajaj
!
#BajajFinance
Now that India’s partly relaxed the lockdown, we need local authorities to assist us to open our offices, factories, stores & gradually get back to life. Let’s be responsible citizens in assisting in a smooth opening up
My comments on TV yesterday on Budget & general industry slowdown, isn’t related to Bajaj Finance Q1 financials. We r in a silent period. Bajaj Finance out of abundant caution has made an announcement to NSE/BSE today with some data points on its Q1 performance
Farmer industry partnerships have been instrumental towards scaling uptake of on farm & off farm technology, enhancing farmer capabilities, providing market linkages thus creating avenues for enhanced farmers’ incomes.~
@FollowCII
#IndiaTogether
#IndiaAgainstPropaganda
Positive step by RBI permitting one time loan restructuring. Lenders must use this responsibly to help genuine borrowers whose finances have been hit by the pandemic.
Together as One’ is an expression of Bajaj Finserv & its cos standing by its people in grieving times and supporting the families of deceased employees. It's unfortunate that we lost some of our own to this pandemic. We resolve to stand by their families, even in their absence.
The
#BajajGroup
supported mega
#vaccination
drives were a big step towards realizing the immunization initiative of our Govt. We salute the committed effort of the district authorities & 5,000+ frontline staff for making this
#1MillionVaccination
milestone possible
In these trying times, my colleagues at Bajaj Finserv & Bajaj Allianz Life & General Insurance r here to assist our millions of customers & thousands of partners with their loans, insurance & claim needs.
Bajaj thanks the front line healthcare warriors, Pune ZP & elected representatives for vaccinating a record 1.68 lakh+ citizens in
#RuralPune
in 1 day, during the Bajaj Group supported Mega Vaccination Drive yesterday. Let's grow
#StrongerTogether
with
#vaccination
!
After yesterday’s partial opening up of the economy, the government should develop & announce a set of metrics that will determine future phases of getting back to normalcy. This will help industry plan its operations & give citizens a clear path forward
At Bajaj Finserv companies, we believe a balance between a strong focus on entrepreneurship & risk AND adopting the digital way of doing business, is the future
Launching this morning Bajaj Allianz General’s first employee hackathon - BAGICATHON. Good luck to 2000 employees participating thru 250 teams, over 2 days
How do we revive our slowing economy? Govt must introduce additional measures to spur consumer confidence & demand, while industry should identify new growth opportunities that this digital era provides
Attended Bajaj Allianz General Insurance’s long term strategy meet last week. Lots of good ideas & plans to benefit customers, help our employees build their future & maintain our leadership position
Govt & RBI r taking many steps to improve liquidity to NBFCs to support economic growth. Now govt needs to introduce measures to improve sentiment on the ground to spur near term growth
Came across this image – a letter written by Mahatma Gandhi in 1922 to my great grandfather, Jamnalal Bajaj, his fifth adopted son. The Mahatma’s letter reflects on Truth and Humility and how they intertwine.
Govt has taken a big step to allow foreign vaccines with certain conditions. Let’s work together to make this a quick reality and vaccinate all soon, so that we can get back to our normal lives at the earliest
As
@BajajAllianzLIC
completes 17 years today, I extend my gratitude and congratulations to all involved. Here’s to a great future focused on customer delight & driven by our highly capable & energised team
As we usher in the
#NewYear
, let us not forget the precious lessons that we learnt during these challenging times to keep moving forward towards a safer and healthier tomorrow. Remember this too shall pass. Wish you all a happy and healthy 2022. Stay safe and stay well.
While we push our boundaries on enabling frictionless consumer experiences,
#SavdhanRaheinSafeRahein
is an awareness initiative by
#BajajFinserv
to help people stay safe & one step ahead of the faceless fraudsters & the exposed risks in a digital world.
What a brilliant show by all our athletes at the
#Paralympics
. Congratulations to Avani Lekhara, Bhavina Patel, Nishad Kumar and Vinod Kumar on fabulous wins. You have made the nation proud with your indomitable spirit and hardwork!
@ParalympicIndia
#Tokyo2020
While winning & losing r a part of the game, our cricket team has overall shown class & determination, & the wisdom of experience. Let a billion hearts cheer them on their return
Only a few hours to go before we go live with our very first digital media conference on the unveiling of a smart and convenient
#digitalhealthcare
, just for you. Watch us live:
Date: September 22, 2020
Time: 11:00 AM
#SmartHealthSmartIndia
#BajajFinserv
FY2021 presented an unprecedented challenge that we saw as an opportunity to strengthen our
#ESG
commitment esp. in the areas of
#financialinclusion
&
#CSR
. Read how we are shaping a better tomorrow in our latest FY2021 Business Responsibility Report.
We wish to extend our deepest gratitude to all healthcare, sanitation & emergency support staff & local police & other administrations for their dedicated & tireless service to contain the current
#Covid19
wave
Additional RBI supervision of large NBFCs must be welcomed. But RBI must also extend greater support to them thereby enabling them to expand credit access to Indian consumers & SMes
Banks & NBFCs that build digital capabilities will be the real challengers of the future - leveraging their experience while mastering the digital world
Today’s the 134th birth anniversary of a very special man, Jamnalal Bajajji, founder of Bajaj group and my great grandfather. A lot has been said about Jamnalal Bajaj, his business acumen & vision, but the hat he wore most proudly was that of a freedom fighter & social reformer.
Another day of great joy for the entire nation. Brilliant performance by our athletes at the
#Paralympics2020
. Your exceptional strength and unyielding determination is an inspiration to all. May you keep moving the mountains with your spirit. Congratulations to all the winners.