Bajaj Finance Ltd.

Bajaj Finance has reported a 55% robust growth in its Doctor Loans segment. Part of its professional loans portfolio, the segment saw a significant jump to Rs 148 crore in March 2017, from Rs 95 crore crore in September 2016. Its online disbursal, which accounts for 25% of the total disbursement, doubled to Rs 16.47 crore from Rs 8.65 crore in the same six-month period. In India, the doctor loans segment is valued at Rs 500 crore of monthly disbursals, of which Bajaj Finance enjoys an impressive 35% market share. The company, which is the lending arm of Bajaj Finserv, is now targeting growth by 70% in the doctor loans segment in FY17-18.

Bajaj Finance’s Professional Loan segment registered a growth of 56% in FY17 over the previous year having disbursed Rs 424 crore in Q4 of FY17. The company also increased its geographic spread in the segment from 115 to 140 locations. The overall professional loans segment comprises of Doctors, Chartered Accountants and Engineers and is valued at Rs 750 crore.