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SYNOPSIS ON-WPS Office
SYNOPSIS ON-WPS Office
SUBMITTED BY
VAISHNAVI JADHAV
ROLL NO -62013
of academic course would gain advantages and acceptance of the true form,
During this project I have realised financial area of Bajaj Finserv with its
where I have learned basic things about the consumer durable goods and
customer and tell them about schemes of Bajaj Finserv available on that
Then I was sent to Ace Mall where I was working as an Employee of Bajaj
Finserv Lending. I was dealing with proper customers, providing them loans
by completing their files and getting the approval online from Bajaj server
Indian financial services company focused on lending, asset management and wealth
management and insurance The Company through its joint ventures and subsidiaries employs
over 20,000 employees and has established a nationwide presence across over 1400 locations.
And there is a big finance organisation in India. The company is currently engaged in
consumer finance businesses, life insurance, and general insurance and has plans to expand
its business by offering a wide array of financial products and services in India. Apart from
financial services, Bajaj Finserv is also active in wind–energy generation. Bajaj Finserv.
Background
The financial services and wind energy businesses were transferred to Bajaj Finserv Limited
(BFS) as part of the recently concluded demerger from Bajaj Auto Limited, approved by the
High Court of Judicature at Bombay by its order dated 18 December 2007. The demerger was
BFS is engaged in life and general insurance businesses through its joint ventures
with Allianz SE namely Bajaj Allianz Life Insurance Company Limited and Bajaj Allianz
Bajaj Holdings has been registered as a Non–Banking Financial Company (NBFC) under the
Registration No. N–13.01952 dated 29 October 2009 with Reserve Bank of India (RBI). The
Regulations.
BFS has now come up with a new plan of providing loans on clothes, groceries, furniture
Introduction Of NBFC
registered under the Companies Act, 1956 of India, engaged in the business of loans and
business but does not include any institution whose principal business includes agriculture,
The working and operations of NBFCs are regulated by the Reserve Bank of India (RBI)
within the framework of the Reserve Bank of India Act, 1934 and the directions issued by it.
Act, 1956 of India, engaged in the business of loans and advances, acquisition of shares,
stock, bonds hire-purchase, insurance business or chit business but does not include any
institution whose principal business includes agriculture, industrial activity or the sale,
The working and operations of NBFCs are regulated by the Reserve Bank of India (RBI)
within the framework of the Reserve Bank of India Act, 1934 and the directions issued by it.
Roles of NBFC:
As recognized by the RBI the specific roles of a Non-Banking Financial Company are
NBFC refers to Non-Banking Financial Company; these institution provide multiple financial
service unlike banks which provide limited financial services. Given below is the services
1. Underwriting
2. Stock Broking
3. Asset Management
4. Merchant Banking
SWOT Analysis
The SWOT analysis of Bajaj Finserv provides an in-depth
strategic analysis of the company's businesses and operations. Bajaj Finserv formerly known
as Bajaj Auto Finance Limited, is a Non-Banking Finance Company (NBFC) based in India.
Strenghts
Weeknesses
Oppourtunities
threats
CONCLUSION
The study concludes that the Bajaj Finance the strongest finance
for the consumer durable products and Bajaj Finserv was providing very good schemes to the
customers. The customers are happy with EMI card. Bajaj Finserv was providing good
to their customers and even to the competitors next to them which is a very good sign this
shows that Bajaj Finserv keeps a healthy competition. The company has cibil score of 775
which is really a high score and many customers don’t have cibil score of 775 and they are
eligible for the loan. And the competitor gets the opportunity to serve the customer. Bajaj
Finserv provides loan instantly but the eligibility criteria is little difficult. Bajaj Finserv has
modified their process of providing loan in the recent times and in the last 2-3 months it has
started conducting little bit marketing which must have surely increased their number of
customers. Bajaj Finserv provides very good service to their customers but once the card of
the customer gets blocked this service gets deteriorate which hampers the goodwill of the
company.
During this internship I got the chance to explore something new and