Quantum Leaper

of lending is the primary task of Rajeev Jain, Managing Director and CEO, Bajaj Finance (BFL), as the non-banking finance company’s (NBFC’s) profit lies in the last instalment of loan repayment. That is why Covid-19 and the resultant lockdown were tough for the lender. Taking up the challenge, Jain, along with Chairman Sanjiv Bajaj, younger son of industrialist Rahul Bajaj, prepared different scenarios and contingency plans under each alternative. The result: BFL’s net profit surged 36 per cent to ₹ 965