Bajaj Finance new loans book rises to 6.8Million in Q2FY22, customer franchise reaches 62.8Million

The NBFC major said new loans booked during q2 fy23 had been 6.8 million, up 7.94% as compared with 6.3 million in q2 fy22.

Bajaj finance’s deposit book stood at about rs 39,400 crore as of 30 september 2022 compared to rs 28,720 crore as of 30 september 2021, a yoy growth of 37%.
Purchaser franchise as of 30 september 2022 stood at 62.9 million, up 19.13% as against 52.8 million as of 30 september 2021. In q2 fy23, the client franchise improved with the aid of 2.6 million.

The corporation’s assets under management (aum) grew through 31% to about rs 218,350 crore as of 30 september 2022 compared with rs 166,937 crore as of 30 september 2021. Aum in q2 fy23 grew by way of about rs 14,350 crore.

Consolidated net liquidity surplus stood at about rs 9,300 crore as of 30 september 2022. The enterprise said its liquidity function stays strong.

The enterprise stated it continues to remain properly capitalized with capital adequacy ratio (crar) of about 25.1% as of 30 september 2022.

Bajaj finance is engaged in lending and allied sports. It specializes in purchaser lending, small and medium-sized corporations (sme) lending, industrial lending, rural lending, constant deposits and fee-introduced offerings.

The nfbc’s consolidated net profit surged 158.99% to rs 2,596.25 crore on 37.66% leap in overall profits to rs 9,282.71 crore in q1 fy23 over q1 fy22.

Stocks of bajaj finance fell 0.67% to rs 7439.35 at the bse.