Bajaj Finance reported a 22% surge in standalone net profit, reaching ₹4,133 crore for the June quarter, driven by robust loan growth. Despite this, provisions for bad loans increased by 24% to ₹2,078 crore, reflecting a slight weakening in asset quality. Anup Saha’s resignation as managing director, just three months after his appointment, adds to the recent developments.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets