Bajaj Finserv net profit up 18%; entering reinsurance business

Bajaj Finserv is a big Indian company that does many kinds of financial services.

In the last three months of the year, it made more money than before, with a profit that went up by 18%.

Most of the extra money came from its lending arm, which gave out more loans and had fewer bad loans.

The company also said it will start a new business that helps other insurance companies by sharing risk, called reinsurance.

However, its insurance parts did not do as well, losing money because of more claims and lower investment gains.