Bajaj Finance reports 22% growth in deposit book in Q1FY23
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Bajaj Finance’s deposit book stood at around Rs 34,100 crore as of June 30, 2022 (Q1FY23) as compared to Rs 27,972 crore as of June 30, 2021, a YoY growth of 22%. The company’s new loans booked during Q1FY23 were 7.4 MM as compared to 4.6 MM in Q1FY22. Customer franchise as of June 30, 2022 stood at 60.3 MM as compared to 50.5 MM as of June 30, 2021. The Company recorded highest ever quarterly increase in its customer franchise of 2.7 MM in Q1FY23.
Core assets under management (AUM) stood at around Rs 204,000 crore as of June 30, 2022 as compared to Rs 156,115 crore as of June 30, 2021, a year- on -year growth of 31%. Core AUM in Q1FY23 grew by around Rs 11,900 crore.
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.
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