Bajaj Finance Ltd.

Bajaj Finance is currently trading at Rs. 5064.95, down by 56.05 points or 1.09% from its previous closing of Rs. 5121.00 on the BSE.

The scrip opened at Rs. 5123.00 and has touched a high and low of Rs. 5167.45 and Rs. 5045.00 respectively. So far 104862 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 5372.75 on 31-Dec-2020 and a 52 week low of Rs. 1783.10 on 27-May-2020.

Last one week high and low of the scrip stood at Rs. 5372.75 and Rs. 5045.00 respectively. The current market cap of the company is Rs. 305068.88 crore.

The promoters holding in the company stood at 56.12%, while Institutions and Non-Institutions held 32.01% and 11.55% respectively.

Reserve Bank of India (RBI) has imposed a penalty of Rs 2.5 crore on Bajaj Finance, Pune for violation of various directions, including on recovery and collection practices. There was also violation of a specific direction to the company to ensure full compliance with Fair Practices Code (FPC) in letter and spirit. This penalty has been imposed taking into account the failure of the company to ensure that its recovery agents did not resort to harassment or intimidation of customers as part of its debt collection efforts and thereby failing to adhere to the aforesaid directions issued by RBI.

Bajaj Finance, the lending company of Bajaj Finserv group, is one of the most diversified NBFCs in the Indian market catering to more than 40 million customers across the country.