Bajaj Finserv is planning to double its loans against securities (LAS) portfolio to Rs 1,400 crore this fiscal. It focuses on a niche segment of customers like promoters of companies or those in the senior management. The entity is offering loan to value ratio at 50%, though it may go up to 70% depending on the security offered. The company has been offering LAS for last three years and has a book size of Rs 700 crore at present.
Bajaj Finserv is engaged in life insurance, general insurance and consumer finance businesses and has plans to expand its business by offering a wide array of financial products and services in India. Apart from financial services, the company is also active in wind-energy generation.
Company Name | CMP |
---|---|
Bajaj Finserv | 1609.35 |
Paul Merchants | 871.20 |
Data Infrastructure | 162.00 |
IIFL Finance | 396.00 |
Embassy Office Parks | 339.25 |
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