BusinessFinancial Express
Bajaj Finserv net profit up 18%; entering reinsurance business
in5points
Bajaj Finserv reported an 18% year-on-year increase in Q1 net profit to ₹6,297 crore.
The profit growth was driven by strong performance in its lending arm, Bajaj Finance.
The holding company announced expansion into the reinsurance business.
Bajaj Finserv also announced entry into alternative asset management.
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Financial Express
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