BAJAJ Finance MD Rajeev Jain seek to participate in shaping strategies with the approaching of the term

Rajeev Jain, managing director, Bajaj Finance.

2025-01-29 21:34:00 :

Mumbai: Rajeev Jain, managing director of Bajaj Finance LTD, plans to end at the end of several months. Rajeev Jain plans to continue to participate in the future of unblocked financialists’ future positions.

In March 2020, Jain has been the managing director for five years since April 1. In January 2024, Bajaj Finance announced various changes in the leadership team. On Wednesday, Jain told analysts that the loan party has formulated a comprehensive 15 -month transition plan, which has been 12 months.

Jain said the plan will be nominated by the board of directors and the salary committee for review by March.

He said: “According to the decision of the board of directors, I plan to stay in BAJAJ Finance and hope to actively participate in the formulation of the strategy of BFL and its subsidiaries to promote short -term and medium -term goals.” “This is how I think of future characters, but Follow the decision of the board of directors.

Jain joined Bajaj Finance in 2007 as CEO, and continued to serve as the managing director in 2015. Before joining BAJAJ, he cooperated with Ge, American Express and American Express and American International Group (AIG).

Profit

At the same time, Bajaj Finance released net profit on Wednesday BleakThe third quarter was 4.308 million, a year -on -year increase of 18 % (YOY).

“(This is) batch, manages assets and OPEX’s good quarters,” Jain told analysts. Loan losses are quite stable; profit growth has begun to grow, and ROA is stable. ”

The company stated in his speech that the highest 12.06 million loan ever booked in history and increased new customers of 5.03 million.

Its AUM increased by 28 % BleakQ3 The 25th fiscal year is 398 trillion BleakAs of December 31, 2023, 3.1 trillion.

Its net interest income increased by 23 % BleakIn the third quarter, 9,382 million Bleak76.55 billion in the third quarter of fiscal year. As of December 31, BAJAJ Finance’s total NPA (non -performing assets) and Net NPA were 1.12 % and 0.48 %, respectively, compared with 0.95 % and 0.37 % in the same period last year.

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