Bajaj Finance sees sharp rise in new loans in June quarter

Bajaj Finance’s consolidated liquidity surplus stood at roughly Rs 10,900 crore. The corporate stated it remained effectively capitalised with capital adequacy ratio (CRAR) of 28.6% as of June 2021.

Bajaj Finance on Tuesday reported an increase in new loans booked in the course of the June 2021 quarter to 4.6 million in comparison with 1.8 million in Q1FY21. Reporting provisional numbers for the June quarter, the corporate stated belongings underneath administration (AUM) for the June quarter stood at Rs 1,59,000 crore in comparison with Rs 1,38,055 crore as of June 30, 2020.

Bajaj’s buyer franchise on June 30, 2021, stood at 50.5 million in comparison with 43 million as of 30 June 2020. The corporate stated it had acquired 1.9 million new clients in Q1FY22 as in comparison with 0.5 million in Q1FY21.

Bajaj Finance’s consolidated liquidity surplus stood at roughly Rs 10,900 crore. The corporate stated it remained effectively capitalised with capital adequacy ratio (CRAR) of 28.6% as of June 2021.

The deposit ebook in Q1FY22 grew by Rs 2,200 crore and it stood at Rs 28,000 crore as on June 30, 2021, in comparison with Rs 20,061 crore as of June 30, 2020. Publish the provisional quarterly report, the Bajaj Finance inventory rose by 2.17% on the BSE to shut at Rs 6,203.45.