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Bajaj Finance Q1 Update: Core Assets Rise To More Than Rs 2 Lakh Crore

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Bajaj Finance Ltd.’s belongings underneath control rose 3.55% sequentially to Rs 2.04 lakh crore within the quarter ended June.

It additionally recorded the highest-ever quarterly build up in its buyer franchise of 27 lakh within the first quarter of FY23, taking the full buyer Nadir to six.03 crore.

Deposits grew 22% year-on-year to Rs 34,100 crore.

The lender booked 74 lakh new loans within the first quarter of FY23, which is a 61% build up from a 12 months in the past.

Its capital adequacy ratio stood at 26.2% on June 30, as the corporate “continues to stay neatly capitalized”, the submitting mentioned. The patron-focused non-bank lender’s web liquidity surplus was once Rs 11,550 crore in the similar quarter, in keeping with its trade submitting.

All over the quarter, the lender invested Rs 2,500 crore in fairness stocks in its subsidiary, Bajaj Housing Finance Ltd.



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