In his over 40-years innings as an industrialist and entrepreneur, Ajay Piramal’s standout achievement was his string of successful mergers & Acquisitions (M&A) and deals. He exited everyone of his myriad buys for profit of 50 percent to 10x. His ... See more
The movement of household savings from bank deposits to other instruments such as mutual funds and insurance is an irreversible trend, and the answer lies in better churning of banks’ assets through securitisation, SBI Chairman CS Setty said in an exclusi... See more
SBI’s fee income will not be impacted by the RBI’s impending rules to control misselling and compulsory bundling, SBI chairman CS Setty told Moneycontrol. Speaking in our ongoing series 'Latha & The Leaders', Setty also said the bank is gearing up to ... See more
Sanjiv Bajaj has taken the combined market cap of Bajaj Finance and Bajaj Finserv from a little less than Rs 2000 crore in 2007 (when Finserv listed) to around Rs 10 lakh crore today. Which means the combined market cap of the two companies doubled every ... See more
Bajaj Finance had a loan book of Rs 4.62 lakh crore, growing at 24% y-o-y at the end of the September 30. In contrast Kotak Bank reported deposits of 5.3 lakh crore in September, and growing at 15% y-o-y. This means if Bajaj Finance were a bank today, wil... See more
