iconiifl-logo-icon 1
IIFL

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

  • Open Demat with exclusive Advice & Services
  • Get a dedicated Relationship Manager to help you grow your wealth
  • Exclusive advisory on 20+ trading & wealth-based investment options
  • One tap Investments, Automated trading & much more
  • Minimum 1 lakh margin required
sidebar image

Bajaj Finance books new loans of 7.4 Mn in Q3, customer franchise rise at 55.4 Mn; Stock skyrockets 3%

5 Jan 2022 , 10:50 AM

Bajaj Finance remains well capitalised with a capital adequacy ratio (CRAR) of approximately 27.0% as of 31 December 2021.
NBFC-major Bajaj Finance booked new loans of 7.4 million in the quarter ending December 2021 (Q3FY22) compared to 6 million in the same quarter last year. On Wednesday, Bajaj Finance stock was in the fast lane.

As of December 2021, Bajaj Finance's customer franchise stood at 55.4 million increasing from 46.3 million as of 31 December 2020. The Company’s customer franchise increased by 2.6 million in Q3 FY22 as compared to 2.2 million in Q3 FY21.

The NBFC's asset under management (AUM) stood at approximately Rs181,300cr as of December 2021 as compared to Rs143,550cr as of December 2020. AUM in Q3 FY22, adjusted for IPO financing receivable grew by approximately Rs14,500cr.

Bajaj Finance highlighted that it has not witnessed any adverse impact on its NPA due to the new method of NPA recognition.

On Tuesday, the NBFC said, "the Company has not witnessed any adverse impact on its NPA position due to transition to a new method of NPA recognition as clarified by the RBI vide circular dated 12 November 2021 - “Prudential norms on Income Recognition, Asset Classification and Provisioning pertaining to Advances - Clarifications”."

Bajaj Finance remains well capitalised with a capital adequacy ratio (CRAR) of approximately 27.0% as of 31 December 2021.

The company's liquidity position stays strong with a consolidated surplus of approximately Rs14,300cr as of 31 December 2021.

At around 10.44 am, Bajaj Finance was trading at Rs7564.65 per piece skyrocketing by Rs221.90 or 3.02% on Sensex. The stock was near the intraday high of Rs7599 per piece.

Related Tags

  • Bajaj Finance
  • Bajaj Finance asset under management
  • Bajaj Finance AUM performance
  • Bajaj Finance customer franchise
  • Bajaj Finance earnings
  • Bajaj Finance gross npa
  • Bajaj Finance liquidity position
sidebar mobile

BLOGS AND PERSONAL FINANCE

Images
4 Mar 2024   |   06:49 AM
Images
19 Feb 2024   |   09:29 AM
Read More

Most Read News

4 Mar 2024   |   09:10 AM
4 Mar 2024   |   08:43 AM
4 Mar 2024   |   08:40 AM
3 Mar 2024   |   12:26 PM
Read More
Knowledge Centerplus
Logo

Logo IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000

Logo IIFL Securities Support WhatsApp Number
+91 9892691696

Download The App Now

appapp
Knowledge Centerplus

Follow us on

facebooktwitterrssyoutubeinstagramlinkedin

2024, IIFL Securities Ltd. All Rights Reserved

ATTENTION INVESTORS
  • Prevent Unauthorized Transactions in your demat / trading account Update your Mobile Number/ email Id with your stock broker / Depository Participant. Receive information of your transactions directly from Exchanges on your mobile / email at the end of day and alerts on your registered mobile for all debits and other important transactions in your demat account directly from NSDL/ CDSL on the same day." - Issued in the interest of investors.
  • KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.
  • No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account."

www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.

RISK DISCLOSURE ON DERIVATIVES
  • 9 out of 10 individual traders in equity Futures and Options Segment, incurred net losses.
  • On an average, loss makers registered net trading loss close to Rs. 50,000.
  • Over and above the net trading losses incurred, loss makers expended an additional 28% of net trading losses as transaction costs.
  • Those making net trading profits, incurred between 15% to 50% of such profits as transaction cost.
Copyright © IIFL Securities Ltd. All rights Reserved.

Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248

plus
We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.