google.com, pub-9501031967421588, DIRECT, f08c47fec0942fa0 Bajaj Finance books 46 lakh new loans in June quarter amid second COVID-19 wave ~ Bharath Bulletin

Tuesday, July 6, 2021

Bajaj Finance books 46 lakh new loans in June quarter amid second COVID-19 wave

Bajaj Finance said on Tuesday it booked 46 lakh new loans during Q1 FY22 as compared to 18 lakh in the year-ago period.

Assets under management (AUMs) stood at Rs 1.59 lakh crore (including IPO financing receivable of Rs 2,900 crore) as of June 30 as compared to Rs 1.38 lakh crore last year. AUMs in Q1 FY22 grew by Rs 7,100 crore (Rs 4,200 crore excluding IPO financing receivable).

Customer franchise as of June 30 stood at 5 crore as compared to 4.3 crore last year. The company acquired 19 lakh new customers in Q1 FY22 as compared to 5 lakh in Q1 FY21.

Also Read: Bajaj Finance shares jump over 7% post Q4 earnings

Consolidated liquidity surplus stood at Rs 10,900 crore as of June 30. The company said it continues to remain well capitalised with capital adequacy ratio of 28.6 per cent.

The deposit book stands at Rs 28,000 crore as compared to Rs 20,061 crore at the end of Q1 last year. Deposit book in Q1 FY22 grew by Rs 2,200 crore.

Today, shares of Bajaj Finance ended trading nearly 2.2% higher at 6,204.00 rupees on the NSE.

Also Read: What makes Bajaj Finance FD better than other investment avenues?



source https://www.freepressjournal.in/business/bajaj-finance-books-46-lakh-new-loans-in-june-quarter-amid-second-covid-19-wave
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