By Monika Singh | 20 Sep, 2022
Bajaj Finance Rating: hold; Potential to capitalise on credit card opportunity
BAF has a shot at being first NBFC to launch credit card, if RBI approves. This would enable Bajaj Finance (BAF) to take product to deeper markets as against the Top-100 towns where it sells cards of RBL Bank/DBS Bank and where majority of players operate. If it achieves 20-40% cross-sell to nondelinquent client base of 40m and even at lower transaction values, it could make `9-17bn in profit ...
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