Bajaj Finserv Q1 profit rises 12% to ₹3,132 crore; board backs reinsurance entry
Bajaj Finserv reported a 12.3% year-on-year rise in June-quarter consolidated profit as income and lending assets expanded. Its board approved pursuing a reinsurance subsidiary, subject to IRDAI approval, while Bajaj Finance added 5.1 million customers.
Bajaj Finserv’s June-quarter profit rose 12.3% to Rs 3,132 crore as income and lending AUM expanded. Its board approved pursuing a reinsurance subsidiary, subject to IRDAI approval, while Bajaj Finance added 5.1 million customers.
Why this matters
No related recent signals were provided. The Q1 update combines profit and lending growth with a board-approved move into reinsurance, pending IRDAI approval.
Retail-company signals are accelerating, up 163156% QoQ.