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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
The financial services group has gone way beyond loans and insurance to MFs, broking, platform services and even venture investing. All while keeping its core values intact.
It’s the coffee shop of a five-star hotel in Delhi. At 9.30 am sharp, Sanjiv Bajaj steps out of the elevator. Dressed in a navy blue suit and white shirt, he is carrying two handbags, seemingly heavy as he adjusts them multiple times. Underlings are conspicuous by their absence.
Bajaj is the promoter-chairman of Bajaj Finserv, a financial services conglomerate with a fair quantum of heft. In fact, Bajaj Finserv and Bajaj Finance—its lending subsidiary—make for 5.5% of the weightage of the BSE Sensex. That is more than even India’s largest lender, State Bank of India.
Minutes into our hour-long …
IRDAI wants to fix a model where distributors chasing high commissions push unsuitable policies, hurting customers. The regulator should brace for a major industry pushback.
Purpose-driven finance has powered the digital lender’s growth, but its durability remains in question.
An NBFC licence and a string of approvals give the fintech firm a fresh shot at relevance. But patchy execution, intense competition and a stagnant core cast doubt on whether it can capitalize on the opportunity.
