Congress chief Rahul Gandhi Tuesday said CBI DIG's Manoj Sinha's allegations of corruption against senior government officials in his affidavit to the Supreme Court are the latest episode of a crime t PTI - 4 H Ago The two leaders reiterated the importance of building a peaceful and prosperous Indo-Pacific region on the basis of respect for national sovereignty and international law. PTI - 5 H Ago Congress President Rahul Gandhi, continuing his attack on Prime Minister Narendra Modi, said on Tuesday democracy in India was "crying" as government officials interfere with the CBI - the latest bein IANS - 5 H Ago Prime Minister Narendra Modi Tuesday said he used the "bitter medicine" of demonetisation to bring back money into banking system and to give "proper treatment to deep-rooted corruption system" in the PTI - 5 H Ago Housing prices may fall as project approval is likely to be faster after government's decision to delegate powers to local bodies for compliance of green norms for 20, to 50, sq-mt projects, CRE PTI - 6 H Ago Heavy traffic was witnessed at many places in Delhi as 5, weddings were scheduled to take place in the city on Monday, officials said.
May 23, Image: This not only included Microsoft, Amazon and Salesforce, but also 15 fintech startups which were doing new and different things in the finance space. Today, BFS operates as the financial services holding company of the group, and holds stakes in three key businesses: Bajaj says innovation is at the heart of how the group thinks.
Together with innovation, a single-minded focus on sustainable profitability is what differentiates BFS and its companies from the rest of the pack.
Investors are clearly happy with this strategy. After an MBA from Harvard Business School inhe did ten straight years at BAL, involving himself in various functions from finance to exports until the demerger in Pamnani, now 71, serves as vice chairman of BFS and is still deeply involved in the business.
Sanjiv, when still working with Bajaj Auto, had called me when I was with Citi and asked me to spend a couple of hours daily to guide us. He made a presentation. I called him back and told him it is interesting but really a lot more can be done. I knew what an NBFC could do.
When Bajaj took charge of financial services, the NBFC was primarily into auto finance, while the non-life and life businesses were relatively smaller. What followed was a brick-by-brick approach to building all the three business lines into major players. Today, BFL is a diversified NBFC present in consumer finance, lending to small and Financial environment of india enterprises SMEsand in commercial and rural lending with a book size of over Rs 41, crore as of Decembera 41 percent jump over the same quarter the previous year.
Balic, on the other hand, is one of the most profitable life insurers in the country and the fourth largest player in the private sector.
In a highly commoditised financial services industry, where a number of players are aiming to offer pretty much the same suite of products and services, how does BFS differentiate itself from the rest?
By thinking beyond size, Bajaj stresses. The group has a single-minded focus on excellence, innovation and, most important, profits. BFL is clearly the star among group companies—from Rs In the life- and non-life businesses, the net worth has also grown sharply, multiple times of what it used to be.
We want to be the equivalent of a Mercedes. If you chase only size, there are enough examples across the world to show you that you end up making mistakes. Bajaj says while infra lending is a good way to build the book, the number of lenders makes margins very thin, even in good times.
The profitability mantra drives all businesses across the group.
This has now been achieved with a higher pre-tax profit than the insurance businesses. Away from the clutter The innovation intent at BFS is critical for its growth and all businesses are oriented towards it. In BFL, the biggest example is how loans get approved in 30 seconds flat.
The customer can provide his deal ID at the store which, once verified, allows him to shop, without having to wait for loan approval. Banks do it only for existing customers.
What about new customers? Today, BFL has a total customer base of about 15 million, with all the BFS firms together accounting for 80 million customers. In the spirit of constant innovation, BFL moved from consumer electronics to furniture to mobile phones and now to apparel, shoes and accessories, increasing the market size it addresses from Rs 50, crore eight years ago to Rs 3 lakh crore now, by adding new business lines.
It now has 5. With this, the company will have its arms around the overall payments piece. The strategy has translated into a return on equity RoE of We are finding better customer experiences and growing the share of wallet.
We are adding depth and width. They got into areas like consumer durables financing where others have not been that successful and built a good track record.
It was also the first to have an in-house health administration team to handle health insurance claims. Tech-savvy, analytics-driven Bajaj agrees that the focus on technology has allowed the group to be very customer efficient and add new products seamlessly.
Added to that is the focus on analytics. This has come on the back of hard analytics which the group works on, together with the likes of firms like Equifax and now Bridge i2i Analytics, which pore over customer data and sift the good from the bad, identifying cross-selling opportunities.
Rival Shriram City Union, for instance, has a 0. The technology thrust is not just applicable to BFL but to the two insurers as well.The Inquiry into the Design of a Sustainable Financial System has been initiated by the United Nations Environment Delivering a Sustainable Financial System in India MESSAGE FROM THE UNION MINISTER FOR POWER, COAL, NEW AND RENEWABLE ENERGY Delivering a Sustainable Financial System in India.
India, . The languishing brewery is an appropriate symbol for India’s alcoholic beverage market. Although sales are estimated by Euromonitor to hit $39bn this year, the country of bn people remains. Welcome Uttarakhand Environment Protection and Pollution Control Board.
The Uttarakhand Environment Protection and Pollution Control Board (UEPPCB) is a statutory Organization constituted under the section 4 of Water (Prevention and Control of Pollution) Act, to implement Environmental laws and rules within the jurisdiction of Uttarakhand.
IOSR Journal of Economics and Finance (IOSR-JEF) e-ISSN: , p-ISSN: PP alphabetnyc.com International Conference on Innovative Management Strategies 10 | Page. India’s financial services sector has been one of the fastest growing sectors in the economy.
The economy has witnessed increased private sector activity including an explosion of foreign banks, insurance companies, mutual funds, venture capital and investment institutions.
The global financial crisis, brewing for a while, really started to show its effects in the middle of and into Around the world stock markets have fallen, large financial institutions have collapsed or been bought out, and governments in even the wealthiest nations have had to come up with rescue packages to bail out their financial systems.