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Page 12 - காப்பீடு நிறுவனம் வரையறுக்கப்பட்டவை News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Bajaj Finserv rises after strong Q4 numbers

Bajaj Finserv jumped 3.82% to Rs 10,471.15 after the company s consolidated net profit surged 403% to Rs 979 crore on 15.74% rise in total income to Rs 15,387.25 crore in Q4 FY21 over Q4 FY20.Consolidated profit before tax jumped 197.45% to Rs 2358 crore in Q4 FY21 from Rs 792.9 crore posted in Q4 FY20. The result was announced during market hours today, 28 April 2021. The company posted a 32.68% rise in net profit to Rs 4470.46 crore on 11.48% rise in total income to Rs 60,591.57 crore for the year ended March 2021 (FY21) over year ended March 2020 (FY20). Bajaj Finserv participates in the financing business through its 52.74% holding in Bajaj Finance and in the protection business through its 74% holding in two unlisted subsidiaries, Bajaj Allianz General Insurance Company Limited (BAGIC) and Bajaj Allianz life Insurance Company Limited (BALIC). Bajaj Housing Finance Limited (BHFL), which does mortgage business, is also a wholly-owned subsidiary of Bajaj Finance.

Prudential Bank Holds 2nd AFCFTA Summit

  Prudential Bank has held its 2nd AfCFTA Summit with a call on African countries to improve their transport infrastructure and further develop the insurance sector in order to benefit fully from the implementation of the AfCFTA. The Managing Director of the Bank, Mr John K. Addo, who made the call at the opening of the event said the statistics indicate that inadequate transport infrastructure adds around 30-40 per cent to the cost of goods traded among African countries. It is therefore imperative that the needed focus is given to transport infrastructure and insurance to drive the smooth implementation of AfCFTA, he said.

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