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Bajaj Finserv reported a 22 per cent increase in third quarter consolidated net profit at ₹749 crore against ₹614 crore in the year-ago period.
Bajaj Finserv (BFS) is the holding company for the various financial services businesses of the Bajaj Group. The company holds 55.13 per cent stake in Bajaj Finance (BFL) and 74 per cent stake each in Bajaj Allianz General Insurance Company (BAGIC) and Bajaj Allianz Life Insurance Company (BALIC).
BFL reported a 38 per cent increase in third-quarter net profit at ₹767 crore against ₹556 crore in the year-ago period. Net interest income rose 38 per cent to ₹2,372 crore (₹1,720 crore).
Net non-performing assets nudged up to 0.53 per cent of net advances from 0.39 per cent in the year-ago period.
As on December-end 2017, book (loan) size was up 35 per cent to ₹73,069 crore as on December 31, 2017 against ₹54,285 crore as on December-end 2016.
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