Bajaj Finance Q4 update: New loan bookings, customer base surge by one-fifth

Bajaj Finance Q4 update: Bajaj Finance reported a 20 per cent increase in new loan bookings to 76 lakh for the quarter ending March 2023 compared with the corresponding period a year ago. The non-banking financial company's core assets under management (AUM) grew 29 per cent on a year-on-year basis to Rs 2,47,350 crore.

In a business update, the NBFC said its customer base stood at 691 lakh at the end of the quarter ended March 2023, marking a 20 per cent jump compared with the year-ago period. 

Bajaj Finance said it recorded its highest ever customer franchise of 115 lakh in the financial year 2022-23. Its consolidated net liquidity surplus stood at Rs 11,850 crore as of March 31, 2023.

The company also said its liquidity position remains strong, with growth of 45 per cent in the deposit book to Rs 44,650 crore as of March 31, 2023. 

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"The company continues to remain well capitalised with capital adequacy ratio (CRAR) of approximately 24.9 per cent as of 31 March 2023," it added. 

Bajaj Finance Q4 results 

Bajaj Finance is scheduled to report its financial results for the three-month period on April 26, according to BSE.  

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