Bajaj Finance shares fall 5% as loans booked in Q2 decline 45%
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New Delhi, Oct. 7 -- Shares of Bajaj Finance fell as much as 5.42%, after its new loans booked during Q2 FY21 declined 44.6% year-on-year to 3.6 million. At 11.25 am, the stock was trading at Rs3,320, down 4.44% from its previous close, while the benchmark index, Sensex, gained 0.43% to 39,745.34.
"The company will continue to accelerate its provisioning for covid-19 in Q2 FY21 as well to further strengthen its balance sheet," the lender said in a BSE filing made after market hours on Tuesday.
The company's consolidated liquidity surplus stood at approximately Rs22,300 crore as of 30 September, 2020, and added that its liquidity position remains very strong.
The NBFC said it continues to remain well capitalized with capital adequacy ra...
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