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


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.

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