The ban on two lending products could affect customer acquisition. The risk weight increases would gobble up much of the recently raised capital for growth purposes.
Will Bajaj Finance fix the regulator’s concerns?
In October this year, Bajaj Finance Ltd raised Rs 8800 crore through a qualified institutional placement (QIP) of equity shares to fund its robust business growth. In the first two quarters of 2023-24, the lender has already racked up a neat 33 percent growth in its assets under management and continues to grab customers faster than its nearest competitor.
All this is now at risk from the ban on two of its lending products and increase in risk weights on…
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