Bajaj Finance reports 22% sequential fall in new loans booked in Q4
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MUMBAI, April 6 -- Bajaj Finance on Monday reported a 22% sequential fall in new loans booked during the March quarter to 60 lakh. The company had booked 77 lakh new loans in the previous quarter.
On a year-on-year basis, the growth under new loans booked slowed down to 3% compared to 53% during the corresponding quarter last year.
The NBFC saw only a 2% growth in its asset under management to Rs.1.47 trillion at the end of March as against Rs.1.45 trillion in the previous quarter. The growth in AUM had slowed to 27% year on year compared to 40% during the corresponding quarter last year.
While growth under customer franchise stood at 24% year-on-year, similar to the third quarter, new customer acquisition remained stable at 19 lakh du...
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