Data Update Bajaj Finance

By a Staff Reporter:

  Bajaj Fin AUM up 22% YoY as on Sep 30, adds 6.3 mln new loans Jul-Sep

-Bajaj Finance: Booked 6.3 mln new loans in Jul-Sep vs 3.6 mln year ago

-Customer franchise at 52.8 mln as on Sep 30 vs 44.1 mln a year ago

-Acquired 2.4 mln new customers in Jul-Sep vs 1.2 mln a year ago

-AUM 1.67 trln rupees as on Sep 30 vs 1.37 trln a year ago

-Consolidated liquidity surplus at 165 bln rupees as on Sep 30

-Liquidity position strong, remain well-capitalised

-Capital adequacy ratio around 27.7% as on Sep 30

-Deposits grew around 7.5 bln rupees in Jul-Sep

-Deposits at 287 bln rupees as on Sep 30 vs 216.7 bln year ago

Bajaj Finance Ltd's assets under management grew nearly 22% on year to around 1.67 trln rupees as on Sep 30, as per provisional figures for Jul-Sep disclosed by the company.

Assets in Jul-Sep, adjusted for initial public offering financing receivable, grew by around 106 bln rupees.

The non-bank lender booked 6.3 mln new loans in the September quarter, sharply higher than 3.6 mln in the corresponding quarter of previous year.

Earlier today, market leader HDFC Bank also declared its provisional numbers which reflected an improvement in disbursements and demand for credit.

As of Sep 30, the customer franchise of Bajaj Finance stood at 52.8 mln, with the company acquiring 2.4 mln customers in the Jul-Sep quarter, as against 1.2 mln a year ago. The customer franchise stood at 44.1 mln in the year ago period.

The deposit book of the company rose to 287 bln rupees as at the end of September, from 216.69 bln rupees in the year ago period. The deposit book grew by around 7.5 bln rupees in the September quarter.

Consolidated liquidity surplus stood at 165 bln rupees, and the company remained well-capitalised with capital adequacy ratio of 27.7% as on Sep 30, it said.

Source : Eureka