BQ Blue's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages, asset managers and research agencies. These reports offer BloombergQuint's subscribers an opportunity to expand their understanding of companies, sectors and the economy.
ICICI Direct Report
Bajaj Finserv Ltd. reported a steady performance wherein the insurance business witnessed a pick-up in business activities led by the pandemic.
However, a cautious approach and concerns on asset quality impacted business momentum and earnings growth.
Improved awareness, digitisation and product innovation are expected to keep insurance business momentum healthy.
Further, finance business has emerged stronger with a leaner operating model and robust growth guidance of approximately 25% for FY22E.
Management's commentary indicating interest in applying for a banking licence as per Reserve Bank of India's new banking licence framework bodes well from a long term perspective.
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