Bajaj Finance Ltd.

Bajaj Finance’s deposits book stood at around Rs 49,900 crore (provisional) as of June 30, 2023 (Q1FY24) as compared to Rs 34,102 crore as of June 30, 2022 (Q1FY23), a year-on-year (YoY) growth of 46%. Its new loans booked during Q1FY24 grew by 34% to 9.94 million (provisional) as compared to 7.42 million in Q1FY23.

Customer franchise as of June 30, 2023 stood at 72.98 million (provisional) as compared to 60.30 million as of June 30, 2022. The Company recorded highest ever quarterly increase in its customer franchise of 3.84 million (MM) in Q1FY24. Its Assets under management (AUM) grew by 32% to around Rs 270,050 crore (provisional) as of June 30, 2023 as compared to Rs 204,018 crore as of June 30, 2022. The Company recorded highest ever quarterly increase in its AUM of around Rs 22,700 crore in Q1FY24. AUM mix remained stable in Q1FY24. Consolidated net liquidity surplus stood at around Rs 12,700 crore (provisional) as of June 30, 2023. The Company’s liquidity position remains strong. 

Bajaj Finance, the lending company of Bajaj Finserv group, is one of the most diversified NBFCs in the Indian market catering to more than 40 million customers across the country.