Weak retail growth worry hits Bajaj Finance

Bajaj Finance stock fell 4% today post the announcement of its first quarter results, for the period ended June 2019. In all, the stock has lost 12% in the last two months as the slowdown in consumption has begun to show in the company’s performance. Bajaj Finance, the country’s most valuable lender, said in its investor presentation that credit disbursals fell 15%-18% during the quarter as the company tightened lending norms in several categories that contribute to more than two-thirds of its business. The new norms have affected both urban…

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