Bajaj Finance experiences a sharp rise in new loans
A rise in new loans booked during the June 2021 quarter has been reported by Bajaj Finance. The rise reported was 4.6 million compared to 1.8 million in Q1 of the financial year 2021. The company also said that Asset Under Management for the June quarter stood at Rs 1,59,000 crore compared to Rs 1,38,055 crore as of 30th June 2020. 
The customer franchise of Bajaj stood at 50.5 million compared to 43 million as of June 30 2020. According to the company, they have acquired 1.9 million new customers this financial year.
The company’s consolidated liquidity surplus stood at around Rs 10,900 crore. The company said it has been well capitalized within CRAR of about 28.6% as of June 2021.
The deposits grew by Rs 2200 crore and stood at 28000 crores as of 30th June 2021, as compared to Rs 20,061 crore as of the previous year. After the provisional quarterly report, Bajaj Finance Stock rose about 2.17% on the BSE (Bombay Stock Exchange) and closed at Rs 6,203.45.
