Bajaj Finance Limited - 500034 - Code Of Practices And Procedures For Fair Disclosure Of Unpublished Price Sensitive Information.
Pursuant to Regulation 8(2) of the SEBI (Prohibition of Insider Trading) Regulations, 2015, as amended, the Board at its Meeting held on 12 March 2019 has approved revised Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information. A copy of the said code is enclosed for your records. 
Bajaj Finance: From a four rupee penny stock to twice its loan book size
By Suhani Adilabadkar It was a penny stock with a share price of Rs. 4 in 2002. Today, with a marketcap twice its loan book, Bajaj Finance has seen a journey nothing less than every investor's dream, and is now the country’s largest Consumer Durable Financing behemoth. Bajaj Finance has seen it all: from a taper tantrum in 2013 to demonetization and the recent IL&FS; upheaval. Currently, it looks to be heading steadily north on every parameter, with the management eyeing the goal of entering the top 25% of most profitable Indian companies. Quick Takes Bajaj Finance has come a long way, from reporting a PAT of Rs. 21 crore in 2008 to Rs. 2647 cr in 2018, growth of more than 125X. BFL, considered more of a fintech company than an NBFC, created operational, technological and creative disruption in financial services industry. Bajaj Finance has been reporting above 40% annual growth for PAT for the past three years, with a CAGR of 35% from 2013-18. The company acquired a record 2.5 million new customers with its cross-sell franchise growing by a record 1.87 million new customers in Q3 FY19. New loans booked were up 49%, to 6.77 million loans. Bajaj Split – Unlocking Investor Wealth Created by splitting Bajaj Auto, Bajaj Finance Ltd (BFL) has come a long way in the last decade. From a PAT of Rs. 21 crore in 2008 to Rs. 2647 cr in 2018, the firm has seen a growth of more than 125 times, a breakneck pace. The company's PAT rose at a CAGR of 62%, with AUM multiplying more than 30 times over the 2008-18 period. With its humble beginnings as a captive financing arm of Bajaj Auto, it has remarkably become one of the largest diversified NBFC’s with a portfolio across retail, SMEs and commercial lending. The most remarkable factor in this decade old Bajaj Finance journey is that the success mantra seems to be the well tested and well known age-old ‘principle of differentiation’. Technological Differentiation: tackling loan approval delays What does the customer want and his ultimate convenience initiated Bajaj’s differentiation exercise. When the rest of the financial services industry was grappling with discounts, cash backs and aggressive sales strategies, BFL struck at the root cause of customer discord, the tenacious loan approval timeframe. Considered more of a fintech company than an NBFC, Bajaj Finance utilized technology, data and analytics to design an extremely fast loan approval timeframe, reduced to just 30 seconds from days and months. This was an all in one, operational, technological and creative disruption in the financial services industry. All this was possible as analytics and technology became an integral part of BFL’s business strategy, deployed to build appropriate product offerings, risk management, and superior customer experience. The company adopted predictive models such as tendency to purchase, behavioural scorecards, collection and fraud scorecards to understand customer lifecycle management. In addition to BFL’s technological sheath of armour, its shrewd marketing strategies gave established players sleepless nights, especially with the introduction of EMI cards. The customer can easily avail an EMI (Existing Member Identification) card at the point of purchase which enables instant credit for subsequent purchases. This differentiated offering is in the form of a pre-approved loan card where purchases are automatically converted to equated monthly instalments. From 1 million EMI cards in 2013, BFL recently touched 16.5 Mn as on December 2018. Through the integration of technology and massive EMI card data accumulated over the years, BFL has successfully played on India’s burgeoning middle-class aspirations making it one of the best consumption stocks to bet on in the long run. A diversified loan book has been another important long-term profitability lever utilized by BFL management to stay safe in times of high volatility and tight liquidity, such as the unfolding of IL&FS; episode. From 90% dependency on Bajaj Auto vehicle financing in 2007, there are now more than 50 categories of product lines offered across 84,700+ distribution points across India. Thus, a strong cross-sales strategy, constant product innovation coupled with a diversified product portfolio over the years has led to zooming profitability ratios, and asset quality that has become a benchmark in the industry. From a high of 7% Net NPA ratio in 2008, the current ratio stands at 0.36%. December Quarter FY19 – Growth On Fire It is business as usual for Bajaj Finance Ltd in the December quarter - which translates into robust double-digit numbers quarter after quarter and YoY. The company has been reporting above 40% PAT growth for the past three years with CAGR of 35% from 2013-18. Revenue is also in the same frame at 34% CAGR with operating profit growing fourfold over FY13-18. Coming to the quarterly base, standalone PAT grew 33% at Rs. 1023 cr with Revenue rising 32% YoY in Q3 FY19. Assets Under Management (AUM) stood at Rs. 96,248 cr against Rs. 76448 cr rising 26% YoY and NII jumped 46% YoY for the December quarter FY19. Adding to this optimistic fervour, Mr. Rajeev Jain, MD Bajaj Finance said, “The customer franchise of the company grew 31% to 32.5 million customers. The company acquired a record 2.5 million new customers in Q3. Its cross-sell franchise grew by record 1.87 million new customers in just the third quarter. New loans booked were up 49% to 6.77 million loans. Net AUM grew just a tad below 10,000 crores, highest ever AR growth that we have seen ever actually. We virtually added a small NBFC of 10,000 crores in a quarter. So, it was very strong momentum”. Well, that’s not all, Bajaj Finance’s subsidiary, Bajaj Housing Finance Ltd, is out of incubation with PAT of Rs. 36 cr against loss of Rs. 2 cr after completion of one year of operation. BFL plans to transfer its mortgage business to BHFL in the next 2-3 years aiming ROE of 14-15% for the subsidiary in the next two years. In addition to this, the parent itself is guiding 25-27% balance sheet growth for FY 20. It looks like full steam ahead. International Finance Corp to invest $165 mn in Bajaj Finance, Dodla Dairy
IFC will make a $150 mn debt investment in Bajaj Finance Limit and the Dodla Dairy investment is estimated at $15 mn Bajaj Finance Ltd - 500034 - Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate
Intimation for loss of share certificate and issuance of duplicate share certificate in lieu thereof under Regulation 39 (3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Bajaj Finance Ltd - 500034 - Announcement under Regulation 30 (LODR)-Issue of Securities
Intimation of allotment of Secured Redeemable Non-Convertible Debentures on Private Placement basis Bajaj Finance Ltd - 500034 - Loss of Share Certificate / Issue of Duplicate Share Certificate
Bajaj Finance Ltd has informed BSE regarding Loss of Share Certificate / Issue of Duplicate Share Certificate. 98% board resolutions get nod in CY18 despite rise in shareholders' dissent
Among the prominent ones that were opposed by the institutional shareholders with over 20 per cent votes include re-appointment of Rajiv Bajaj in Bajaj Finance. Bajaj Finance Limited - 500034 - Announcement under Regulation 30 (LODR)-Issue of Securities
Intimation of allotment of Secured Redeemable Non-Convertible Debentures on Private Placement basis Bajaj Finance Ltd - 500034 - Shareholder Meeting / Postal Ballot-Notice of Postal Ballot
Postal Ballot Notice and Newspaper Advertisement under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015