Partner With Us NRI

Bajaj Finance discloses provisional Q3FY22 numbers

News: Bajaj Finance in its exchange filing has disclosed provisional numbers for Q3FY22. According to the same, AUM growth came in at a seven quarter high of 26.3% YoY to Rs.1.8 lakh crore.  New loans booked jumped 23.3% YoY to 74 lakh and total customer franchisee was at 5.5 crore vs. 4.6 crore YoY. Another key point to note is that the company has not witnessed any adverse impact on its NPA position due to transition to new method of NPA recognition as clarified by RBI earlier in November 2021.

Views: We believe a spur in loans, customer addition and no adverse impact of transition on asset quality will be beneficial for the company and reflect in Q3FY22 earnings as well.

Impact: Positive