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Bajaj Finance Is Still ‘Up There’ Among NBFCs That Will Survive The Pandemic

Here’s what Marcellus’ Pramod Gubbi and TCG Asset Management’s Chakri Lokpriya are making of Bajaj Finance amid the lockdown.

Mahima Kapoor
A customer withdraws a stack of Indian twenty rupee banknotes at a branch of the HDFC Bank Ltd. in Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)

Bajaj Finance Ltd. lost around 3.5 lakh customers and Rs 4,750 crore in assets in the first 10 days of the lockdown to contain the new coronavirus. The non-bank lender’s management blamed it on the hazards of the loan moratorium and the uncertainty caused by the pandemic.

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