Bajaj Finance Ltd.

Bajaj Finance, one of the largest non-banks in India, has decided to exit the construction equipment financing business. The company has taken this step due to lack of profitability with no chances of a turnaround in said financing business.

The loans given under the construction equipment financing business are for asset purchases like earthmovers, concrete mixers etc. The portfolio is not large and will fully mature in the next 15-20 months. The company’s overall gross non performing assets ratio stands at 1.13%, while its gross non performing assets ratio for the construction equipment segment stands around 4.5%.

Bajaj Finance is one of the leading financial companies in India. It offers personal loans that are convenient, flexible, quickly processed, have superior features like zero prepayment charges & requires no security with minimum paper work. The company offers personal loans for home renovation, marriage in family, holiday, and medical expenses without providing security or guarantors.