Core Assets Rise Over Rs 2 Lakh Crore

Bajaj Finance Ltd.’s assets under management rose 3.55% sequentially to Rs 2.04 lakh crore in the quarter ended June.

The consumer-focused non-bank lender’s net liquidity surplus was Rs 11,550 crore in the same quarter, according to its exchange filing.

It also recorded the highest-ever quarterly increase in its customer franchise of 27 lakh in the first quarter of FY23, taking the total customer base to 6.03 crore.

Deposits grew 22% year-on-year to Rs 34,100 crore.

The lender booked 74 lakh new loans in the first quarter of FY23, which is a 61% increase from a year ago.

Its capital adequacy ratio stood at 26.2% on June 30, as the company “continues to remain well capitalized”, the filing said.

During the quarter, the lender invested Rs 2,500 crore in equity shares in its subsidiary, Bajaj Housing Finance Ltd.

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