Bajaj Finance misses Q2 profit view on higher bad loan provisions

Bajaj Finance's second-quarter profit increased by 28% to 35.51 billion rupees, falling short of analysts' projected 35.85 billion rupees, due to increased provisions for bad loans. The consolidated figures include the businesses of the lender's subsidiaries, Bajaj Housing Finance and Bajaj Financial Securities.

Oct 17, 2023 - 17:30
Bajaj Finance misses Q2 profit view on higher bad loan provisions
Bajaj Finance's second-quarter profit increased by 28% to 35.51 billion rupees, falling short of analysts' projected 35.85 billion rupees, due to increased provisions for bad loans. The consolidated figures include the businesses of the lender's subsidiaries, Bajaj Housing Finance and Bajaj Financial Securities.