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See seasonality in business; have not seen slowdown in demand, says Bajaj Finserv

Updated : December 04, 2018 12:45:57 IST

Bajaj Finserv on Tuesday said it is not witnessing any slowdown in the demand and added that the consumer demand has been very healthy through the festive season.

“As far as demand is concerned, we are not seeing a slowing down of demand. Consumer demand has been very healthy right through the festival season. After the festival season, there is a fall but there is always a fall after that ... I think from an industry point of view, what is important is that this whole liquidity squeeze that happened after one event at IL&FS, creates a loss of confidence in the sector and that is wrong because the sector has performed well,” said Bajaj.

“Our business model is to grow at 20-25 percent, so the 35 percent number is more what we achieved and if you look at the net income levels in the first two quarters, it was even higher than that ... so we think that same growth rate definitely continues into the second half and into next year as well,” he added.

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