As per business update, Bajaj Finance reported AUM growth of 31% YoY Rs 2.18 lakh crore as of 30 September 2022. AUM grew by Rs 14,350 crore in Q2FY23. New loans booked during Q2FY23 were 6.8 MM compared to 6.3 MM in Q2FY22. Customer franchise as of Q2FY23 was at 62.9 MM vs. 52.8 MM. In Q2FY23, the customer franchise increased by 2.6 MM.
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Bajaj Finance reported strong growth while average ticket size has increased in Q2FY23. Digital transformation, client additions and ambitious targets on AUM growth are expected to boost profitability.
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