Bajaj Finance Book Fewer New Loans In June Quarter Compared To March

0
16


Consumer financier booked less in the April-June quarter of the 22 fiscal year (1 quarter of the 22 fiscal year) compared to the January-March quarter of the 21 fiscal year. In the first quarter of the 22nd fiscal year, the lender attracted 4.6 million new up from 5.47 million. reserved in the previous quarter, but on an annualized basis (YoY) there is a significant increase in the number of new loans reserved, albeit due to a low base.

The lender raised 1.8 million loans in the first quarter of fiscal 21, as the first quarter of last fiscal year was marred by a nationwide lockdown aimed at limiting the spread of loans.

The lender’s assets under management (AUM) at the end of the June quarter totaled approximately Rs 1.59 trillion (including approximately Rs 2,900 IPO financing receivables), an increase of 15.2% YoY and 4.6 % sequentially.

Its customer base stood at 50.5 million at the end of the June quarter, up 1.93 million from the previous quarter. During the same period last fiscal year (first quarter of fiscal year 21), the lender acquired 0.5 million customers.

As of June 30, 2021, it maintained a high capital adequacy ratio of 28.6 percent and has excess liquidity of Rs 10,900 on its balance sheet.

Its deposit portfolio at the end of the first quarter of fiscal year 22 was Rs 28,000 crores, up 8.51% from the previous quarter and nearly 40% YoY.

The lender’s shares are trading 3.62% higher than the previous closing price on the BSE of Rs 6,291.60.

Dear reader,

Business Standard has always made every effort to provide up-to-date information and commentary on events that interest you and have broader political and economic implications for the country and the world. Your support and constant feedback on how to improve our offerings have only strengthened our determination and commitment to these ideals. Even during these challenging Covid-19 times, we continue to strive to keep you updated and updated with credible news, authoritative opinions and insightful commentary on topical issues.
However, we have a request.

As we tackle the economic fallout from the pandemic, we need your support even more so that we can continue to offer you better content. Our subscription model has generated an encouraging response from many of you who have subscribed to our online content. An additional subscription to our online content can only help us achieve our goals – to offer you even better and more relevant content. We believe in free, fair and trustworthy journalism. Your support in the form of additional subscriptions can help us practice the journalism we are committed to.

Support quality journalism and subscribe to Business Standard

Digital editor





Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here