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VIDEO | Seemingly unfazed by the aggressive competition in the landscape, largest private sector non-bank lender Bajaj Finserv is looking to gradually increase its market share and serve every Indian in the next decade, a top company official has said. Speaking on the occasion of the diversified Bajaj group's...

47,093 просмотров • 3 месяцев назад •via X (Twitter)

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From across the Arabian Sea to Financial Partnerships! Attended a landmark $3 billion investment in RBL Bank by Emirates NBD at the RBL Bank–Emirates NBD Strategic Milestone Ceremony in the presence of Union Finance Minister Smt. Nirmala Sitharaman ji in Mumbai, today. Congratulations to RBL Bank and Emirates NBD on entering this new phase of partnership. Today, the relationship between India and the UAE has strengthened further through the continuation of this partnership between the two respected financial institutions. Emirates National Bank of Dubai was established with the support of the State Bank of India and today one of the largest equity investments by a UAE bank in an Indian bank is being made in RBL Bank. This milestone reflects the strength of India’s growth story under the leadership of Hon PM Narendra Modi Ji and showcases the deepening economic partnership between India and the UAE. Today, India stands as the world’s fastest-growing major economy and Maharashtra continues to be one of the largest contributors to this growth. RBL Bank MD and CEO R. Subramaniakumar, Non-Executive Independent Director at RBL Bank Chandan Sinha, RBL Bank Executive Director Jaideep Iyer, Vice Chairman and Managing Director of Emirates NBD Hesham Abdulla Al Qassim, Emirates NBD Group CEO Shayne Nelson and other dignitaries were present. Narendra Modi Nirmala Sitharaman RBL Bank Emirates NBD #Maharashtra #Mumbai #RBLBank #EmiratesNBD

Devendra Fadnavis

16,229 просмотров • 2 месяцев назад

We keep hearing that retail Indians are borrowing too much, but despite all the noise, credit penetration in India remains relatively low and a significant population remains credit-starved. That said, to the extent that individual Indians do have credit, I think Bajaj Finance has done more to improve access than even many of the bigger banks. In a lot of ways, they've been pioneers. They took loan approvals from 3–5 days to 3 hours to, eventually, 3 minutes. They are also great at leveraging data. They track how old your appliances are and figure out your refrigerator is about to need replacing before you've even thought about it, and walking into Croma or Vijay Sales with a list of 50,000 customers ready to buy. Bajaj Finance knew you better than your retailer did. Having said that, businesses like Bajaj Finance and even Zerodha have had it relatively easy over the past decade. As India went online and consumers got access to easy credit and the ability to invest easily, we kind of rode that wave. But as the saying goes, success attracts competition. With all the new players now wanting to be lenders, including us (Zerodha Capital ) with our secured business, the future will be interesting, to say the least. Almost done with Episode 2 of The Ken's Intermission, and this one is on the giant that is Bajaj Finance, what it took to build that machine, and what it means for the future of credit in India. It’s free to watch. Link in comments. Disclosure: Zerodha had a small part in the making of Intermission.

Nithin Kamath

53,595 просмотров • 3 месяцев назад