As part of our Wealth Creator Series , today we look at Bajaj Finance. This is one of the 39 stocks that were short-listed that passed through our stringent stock screen filters.
The clear giveaway of a finance company's health are its assets under management which, in Bajaj Finance's case, stand at Rs 13,107 crore, while net NPAs are at 0.25 per cent. Moreover, a low-cost diversified borrowing, currently at 9.5 per cent, is just the right ingredient for healthy NIMs. BFL is also adequately capitalised with tier-II capital standing at 17.3 per cent, compared to the mandated 12 per cent by the RBI.