Bajaj Finance Ltd.

Bajaj Finance has reported results for the second quarter ended September 30, 2013.

The company has reported 29.77% rise in its net profit at Rs 167.04 crore for the quarter as compared to Rs 128.72 crore for the same quarter in the previous year.  Total income of the company has increased by 30.86% at Rs 963.98 crore for quarter under review as compared to Rs 736.66 crore for the quarter ended September 30, 2012.

Bajaj Finance, a subsidiary of Bajaj Finserv, is engaged in the business of consumer finance, SME finance and commercial lending. Bajaj Finserv proposes to convert Bajaj Finance into a bank as per the Reserve Bank of India’s February 2013 guidelines