Background: Bajaj Finance, a subsidiary of Bajaj Finserv is a leading NBFC with INR 280bn Assets under Management. The AUM is diversified with 2-3 Consumer Finance 38%, SME business 55%, Commercial- 6%. Asset Quality is strong with Gross NPA - 1.5% & Net NPA - 0.4% with Prov Coverage at 67%. On liabilities Banks & Debt markets account for 53% & 45% respectively. Return ratios are very healthy with FY14 ROA at 3.4% & ROE at 19.6%....