Bajaj Finance recorded new loans of 5.5 million in T4FY21, assets under management amount to Rs1.53 lakh cr; Stocks jump over 1%

NBFC-giant, Bajaj Finance recorded new loans of 5.5 million in the quarter ending March 2021 (T4FY21), compared to 6 million in the corresponding period the previous year.

According to the regulatory filing, the company’s assets under management (AUM) amounted to approximately Rs153,000cr as of March 31, 2021 versus Rs147,153cr as of March 31, 2020. AUM at Q4 FY21 has increased by approximately Rs9,500cr.

In addition, NBFC’s consolidated excess liquidity stood at approximately Rs16,000cr as of March 31, 2021. Bajaj Finance said that the liquidity position of the company remains very strong.

It recorded deposits worth Rs25,800cr as of March 31, 2021, compared to Rs21,427cr as of March 31, 2020. The deposit book in Q4 FY21 has increased by over Rs2,000cr.

Bajaj Finance said the company continues to remain well capitalized with a capital adequacy ratio (CRAR) of
approximately 28.4% as of March 31, 2021.

In March 2021, Bajaj Finance’s customer franchise stood at 48.6 million, compared to 42.6 million at March 31, 2020. The Company acquired 2.3 million new customers in the fourth quarter of FY21, compared to 1.9 million in the fourth quarter of FY20.

At around 12:19 p.m., Bajaj Finance was trading at Rs 5,025.20 per coin, up Rs 61.50 or 1.24% on Sensex.

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