Bajaj Finance loan booking up 5.5% in Q3FY23, hits lifetime high of 7.8 mn

The company also recorded its highest ever quarterly increase in customer franchises at 3.1 million

Bajaj Finance
BS Reporter Mumbai
1 min read Last Updated : Jan 05 2023 | 12:04 AM IST
Consumer financier Bajaj Finance on Wednesday said that new loans booked by it in October–December quarter of FY23 were the highest ever at 7.8 million, up 5.4 per cent from the year-ago period.

The company has also recorded its highest ever quarterly increase in customer franchises at 3.1 million in Q3FY23. The customer franchises of the finance company stood at 66 million as of December 2022, compared to 55.4 million in the year-ago period.

Its asset under management (AUM) has jumped 27 per cent year on year to Rs 2.30 trillion in Q3FY23, from 1.81 trillion in Q3FY22. The firm's AUM went up by approximately Rs 12,750 crore in the reporting quarter.

In its Q3 business update, the company said its liquidity position remains strong. Consolidated net liquidity surplus stood at approximately Rs 12,750 crore as of December 31, 2022. Further, its capital adequacy ratio (CRAR) stood at 25.1 per cent.

Its deposit book has also swelled to Rs 43,000 crore as of December 2022, up 41 per cent YoY. 

One subscription. Two world-class reads.

Already subscribed? Log in

Subscribe to read the full story →
Subscribe to Business Standard digital and get complimentary access to The New York Times

Quarterly Starter

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

Save 46%

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Access to Exclusive Premium Stories Online

  • Over 30 behind the paywall stories daily, handpicked by our editors for subscribers

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

Topics :Bajaj FinanceNBFCsBajaj

Next Story