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'Hold' Bajaj Finance Shares Says ICICI Securities, Projects >20% Growth, RoE Amid Strategic Focus

While ICICI Securities acknowledges Bajaj Finance’s strong execution track record and structural growth drivers, it flags limited near-term valuation upside.

<div class="paragraphs"><p>Bajaj Finance aims to transition from a product-centric approach to a customer-centric model, targeting 20% of India’s households by FY30.</p><p>&nbsp;(Photo: Radhakisan Raswe/NDTV Profit)</p></div>
Bajaj Finance aims to transition from a product-centric approach to a customer-centric model, targeting 20% of India’s households by FY30.

 (Photo: Radhakisan Raswe/NDTV Profit)

While Bajaj Finance has been at the forefront in customer acquisition over the past decade, as reflected in 12.5% market share in total loan booked, it is now shifting focus towards improving customer wallet market share.
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