Bajaj Finserv Ltd Key updates

$BAJAJFINSV Consolidated net profit increased to ₹3,123 crore for the April–June quarter, while revenue from operations grew 19% year-on-year. The board approved a plan to pursue the reinsurance business through a new subsidiary, subject to regulatory approvals. This would broaden Bajaj Finserv’s financial-services platform beyond lending and existing insurance operations.