Business & Investment

Bajaj Finance Q2 Review-Strong Growth; Optimistic Outlook: Anand Rathi

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Bajaj Finance Ltd. Was strong in the second quarter of 2010. Assets under management increased 22% year-on-year, but core AUM growth was around Rs 111 billion (Rs 41 billion in the previous quarter).

Asset quality has improved and credit costs have decreased.

The company is focused on merchant apps (scheduled to be released in February 2022). At the end of the second quarter, AUM was Rs 1.67 trillion, up 22% year-on-year.

All business segments grew strongly, with the exception of inter-company automotive finance, which was down 15% year-on-year. New loans booked amounted to Rs 6.33 million, 68% of which came from existing customers.

Bajaj Finance has acquired approximately 370,000 EMI card customers. Customer franchises increased 20% year-on-year to 52.8 million in the second quarter of 2010.

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Bajaj Finance Q2 Review-Strong Growth; Optimistic Outlook: Anand Rathi

https://www.bloombergquint.com/research-reports/bajaj-finance-q2-review-strong-growth-optimistic-outlook-anand-rathi Bajaj Finance Q2 Review-Strong Growth; Optimistic Outlook: Anand Rathi

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