TCS, HUL, Infosys and ICICI Bank were the other bluechip firms that witnessed a drop in their market capitalisation last week. Kotak Bank said the RBI has approved the re-appointment of Uday Kotak as MD of the bank for a further period of three years. RIL added Rs 37,434.4 crore to take its valuation to Rs 12,71,438.23 crore. The recent rally in the stock has raised concerns for many. The stock had tumbled to a low of Rs 1,783.10 on May 27 as financials took a hit for a longer period than the benchmarks which had hit a bottom on March 24. “Time spent with high quality businesses is more important than timing the market,” Damani said, adding that India is aspiring to become the third largest economy from a Third World country. Explore more on Bajaj Finance at Dnaindia.com. IRDAI Corporate Agency Registration Number Bajaj Finance Sees A Drop In Assets Under Management. Assured and pre-determined returns. Bajaj Finance: Bajaj Finance on Monday said that it has acquired 2.2 MM, new customers, in Q3 FY21 as compared to 2.5 MM in Q3 FY20.Customer franchise as of December 31, 2020, stood at 46.3 MM as compared to 40.4 MM as of 31 December 2019. Thereafter, the amount will be divided into 6 to 12 monthly instalments to derive the EMI amount, the statement said. Bajaj Finance Limitedhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 20/01/2021 ,inter alia, to consider and approve unaudited financial results for the quarter and nine months ending 31 December 2020. Lender's caution on customer additions and fresh loan disbursals suggests the unpredictable nature of retail asset quality, say analysyts. Shares of Bajaj Finance have surged nearly three times since then. Bajaj Finance: Get Bajaj Finance Latest News, Videos and Photos also find Breaking news, updates, information on Bajaj Finance. Corporate Identity Number (CIN): L65910MH1987PLC042961. Nestle India, BPCL, ICICI Bank, Axis Bank, SBI, TCS, ITC, ONGC and Cipla were other top losers in the pack. Can they add to gains? New loans declined sharply to 3.6 million from 6.5 million year-on-year and 5 million quarter-on-quarter. Office: Akurdi, Pune-411035. Bajaj Finance Ltd is quoting at Rs 5026.2, down 1.81% on the day as on 13:19 IST on the NSE. Business Standard is happy to inform you of the launch of "Business Standard Premium Services". Dollar bounces off 2018 lows on safe-haven buying, euro profit-taking, Copyright © 2020 Bennett, Coleman & Co. Ltd. All rights reserved. Motilal Oswal recommended stocks like Alembic Pharma, Bajaj Finance, Dixon Technologies, HDFC AMC, HDFC Bank, HDFC Life Insurance, among others. The NCDs are rated Crisil AAA with stable outlook by Crisil Ltd, Bajaj Finance said. Union Bank of India raises Rs 1,000 cr from bonds, Gold slips on firmer dollar and US yields, Oil touches fresh 11-month highs after US inventory fall, P&G Home posts marginal decline during FY20, Top steelmakers to report record earnings in Q3 FY21, Ahead of Market: 12 things that will decide stock action on Friday, Elon Musk surpasses Jeff Bezos as world’s richest person, NSE-BSE bulk deals: Sunil Singhania’s Abakkus picks up stake in IDFC via bulk deal, Stocks in the news: HDFC Bank, IndiGo, CSB Bank, RIL, HDFC and VIP Ind, Reserve Bank of India imposes Rs 2.5 crore penalty on Bajaj Finance for violation of norms, F&O: Market seeing buying on every dip; India VIX rose 2.15%, Stock market update: 4 stocks hit 52-week lows on NSE, Ahead of Market: 12 things that will decide stock action on Thursday, Buy Bajaj Finance, target price Rs 5800: Edelweiss, Motilal Oswal lists out 25 potential wealth creators for next 25 years, ETMarkets Survey: Airtel projected to be biggest Nifty winner in 2021, Bajaj Finance top laggard, The week that was: Realty stocks surge, PNB slips 10%. Stocks to Watch: HDFC twins, Bajaj Finance… Never miss a great news story!Get instant notifications from Economic TimesAllowNot now. Dow, S&P 500 close higher, but pro-Trump protests weigh on gains, NHAI readies launch of first government-sponsored InvIT, Bitcoin tops $16,000-mark! The stock jumped 25.42% in last one year as compared to a 17.71% rally in NIFTY and a 7.72% spurt in the Nifty Financial Services index. Intimation about loss of shares and issue of shares in lieu of original. But with Bajaj Finance fixed deposit schemes, you can get access to attractive returns, ranging from 6.60% to 6.85%. Bajaj Finance shares scaled a record high of Rs 5,125.75. Twitter - @VodaIdea_NEWS Bajaj Finance Limited, the lending company of Bajaj Finserv group, is one of the most diversified NBFCs in the Indian market catering to … India stocks higher at close of trade; Nifty 50 up 0.35% By Investing.com - Dec 30, 2020 The index was trading 1.91 per cent up at 14240.1. Except auto and metal, other sectoral indices ended in the red with Nifty PSU and FMCG indices fell 1 percent each. Team Business Standard, IND vs AUS LIVE SCORE 3rd Test Day 2: Aussies start strongly in 1st session, Stocks to watch: HDFC Bank, RIL, BPCL, Oil India, IndiGo, CSB Bank, GCPL, Bajaj Finance: Q3 show suggests strong comeback, company remains cautious, Stocks to watch: HDFC, DHFL, Bajaj Finance, Edelweiss Financial, IDBI Bank, Market value of 8 of 10 most valued firms zooms Rs 1.25 trillion, Bajaj Finance m-cap crosses Rs 3 trillion as stock hits new high, Rate-sensitive stocks trade firm after RBI keeps repo rate unchanged, Growth or stability, the dilemma for investors looking at Bajaj Finance, Bajaj Finance nears record high; stock surges 44% in one month, HDFC twins, Bajaj group stocks have more upside ahead, charts suggest, Market capitalisation of 8 of top-10 most valued firms zooms Rs 1.9 trn, Nifty may register new all-time high once it conquers 12,050: HDFC Sec, Buy these stocks for a 10% upside on MSCI's new foreign ownership norms, Weekly stock picks by Religare Broking: Buy Bajaj Finance, Maruti Suzuki, HDFC Bank, Bajaj Fin and SBI Cards Q2 nos show rankling retail loan stress, Select stocks rally as MSCI to tweak foreign ownership limit in Indian stks, Bajaj Finance Q2 profit down 36% to Rs 877 crore on increased provisioning, MARKETS: Metal, realty stocks shine in choppy trade; Sensex ends 163 pts up, Bajaj Finance's Q2 a damp squib despite unlocking; stock falls over 4%, Bajaj Finance declines over 5% as Q2 business update disappoints Street, Charts indicate continuation of up-trend in Nifty: HDFC Securities, Access Exclusive content - articles, features & opinion pieces, Weekly Industry/Genre specific newsletters - Choose multiple industries/genres, Access to 17 plus years of content archives, Set Stock price alerts for your portfolio and watch list and get them delivered to your e-mail box, End of day news alerts on 5 companies (via email). You can switch off notifications anytime using browser settings. Get more Markets News and Business News on Zee Business. Read more about Bajaj Finance Ltd down for fifth straight session on Business Standard. Copyrights © 2021 Business Standard Private Ltd. All rights reserved. 8.21 am | 26 Aug 2020 | Business Standard, Nifty has broken out from the rising wedge pattern on the daily chart. RBI fines Bajaj Finance for violating recovery practices The action was taken for its failure to “ensure that its recovery agents did not resort to harassment or intimidation of customers as part of its debt collection efforts” and thereby failing to adhere to the directions issued by … Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Shriram Transport Finance, Asian Paints, Nestle India, L&T, Bajaj Finance, Colgate-Palmolive India, Shree Cement, Ipca Laboratories, NTPC and Pidilite... 12.50 am | 22 Oct 2020 | Business Standard, The Pune-headquartered company said new loans booked during the second quarter dropped 44 per cent to 3.61 million, 3.46 pm | 21 Oct 2020 | Business Standard, 12.10 am | 8 Oct 2020 | Business Standard. Hindustan Unilever was the top loser in Nifty index, down 2.07 per cent to Rs 2,321.60. "Customer" means an Indian citizen who avails a loan from BFL during the Offer Period. To open an FD in a hassle-free manner and start earning without delay, simply book aThis story is provided by BusinessWire India. Filing complaint not easy, Xiaomi turns profitable in third year in India. Kindly visit the Manage my subscription page to discover the benefits of this programme. 1.17 am | 16 Nov 2020 | Press Trust of India, Bajaj Finance emerged as the biggest gainer, reflecting bullish investor sentiment, Trading longs should have stoploss at 11,700 in Nifty, 12.25 pm | 28 Oct 2020 | Business Standard. Analysts' outlook on Bajaj Finance's long-term prospects remains positive. Ipca Labs has tripled in the last one year from the lows of Rs 817 and continues to hold the same strength and momentum. "BFL" refers to Bajaj Finance Limited. Domestic benchmark index NSE Nifty was trading 3.65 points up at 14136.55, while the BSE Sensex was trading 47.06 points up at 48223.86. Bajaj Finance Limitedhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 20/01/2021 ,inter alia, to consider and approve unaudited financial results for the quarter and nine months ending 31 December 2020. The Reserve Bank of India (RBI) has imposed a penalty of Rs 2.50 crore on Bajaj Finance for violation of codes governing the methods employed to recover dues amongst others. The company's AUM grew by ~4.6% QoQ to 143,700 cr in the December quarter. Articles on Bajaj Finance Ltd, Complete Coverage on Bajaj Finance … Twitter - @VodaIdea_NEWS About Bajaj Finance Limited Bajaj Finance Limited, the lending company of Bajaj Finserv group, is one of the most diversified NBFCs in the Indian market catering to more than 44 million customers across the country. "Offer Period" shall mean the period commencing from 12:00 am on _11-11-2019 of 2019 to 23:59:59 pm on 21-11-2019. The ETMarkets survey showed near consensus among analysts that the winner of 2021 could be Bharti Airtel. Latest Bajaj Finance Ltd News and Updates, Special Reports, Videos & Photos of Bajaj Finance Ltd on The Hindu BusinessLine. The bonds, having tenor of 729 days, will bear coupon rate of 4.66 per cent per annum. Consumer lending company Bajaj Finance said the company acquired 2.2 million new customers in the third quarter though lower than the 2.5 million acquired in the smae period last year. Nestle, HUL, BPCL, Axis Bank and ICICI Bank were among major losers on the Nifty, while gainers were Bajaj Finance, Bajaj Finserv, Eicher Motors, Shree Cements and JSW Steel. Intimation of allotment of Secured Redeemable Non-Convertible Debentures on Private Placement basis. After considering the company’s reply to the notice, oral submissions made during the personal hearing and examination of additional submissions made by it, RBI concluded that the charge of non-compliance with the aforesaid RBI directions was substantiated and warranted imposition of monetary penalty. Analysts have been expecting consolidation after a massive rally that pushed indices to record high Rs... That the winner of 2021 could be Bharti Airtel its Business requirements 4.66 per cent to Rs 12,71,438.23.. 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