Shares of Bajaj Finance, a subsidiary of Bajaj Finserv, reported a 26 per cent increase in new loans registered in the July-September quarter from 6.76 million, after the company released a business update on October 4. It will attract attention as it reached 8.53 million. In the corresponding quarter last year he made $100,000.
The deposit book of non-banking financial companies (NBFCs) stood at around Rs 54,800 crore as on September 30, 2023, compared to Rs 39,422 crore in the same month last year, an increase of 39% year-on-year, the company said. Ta. This was disclosed in an exchange filing on October 3rd.
“As of September 30, 2022, the number of customer franchises was 62.91 million; as of September 30, 2023, the number of customer franchises was 765.6 million. “The number of customer franchises increased by 35.8 million,” the company said.
Bajaj Finance’s assets under management (AUM) grew by 33% to around Rs 2,92,000 crore by end-September, compared to Rs 2,18,366 crore at the end of September last year, according to exchange filings. It became Rs. “Assets under management increased by around Rs 201 crore in Q2 FY24,” it added. This is the best performance in the past 15 quarters.
Bajaj Finance shares continued to trade on Tuesday (September 26) as brokerages took mixed views on the non-bank lender’s prospects after Bajaj Finance announced major capital raising plans. It will get noticed. The board is scheduled to meet on October 5 to consider this.
Financing may be considered through a variety of methods, including priority issuance, qualified institutional placement (QIP), or other similar methods subject to regulatory approval.
In early September, the company had raised Rs 1,195 crore through allotment of secured redeemable non-convertible debentures (NCDs) at 7.85% p.a. In May, it raised nearly Rs 1,700 crore through NCD.
