Bajaj Finserv Ltd.

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.