On April 4, Bajaj Finance announced its fourth quarter (Q4) update for financial year 2022-2023. The company saw impressive figures across the board, with loan bookings increasing by 20% year-on-year, and core assets under management rising by a staggering 29%.
The non-banking financial giant reported their highest ever new loans of 29.6 million in the financial year, with the total customer franchise reaching 69.1 million as of March 31, an increase of 3.1 million. Core AUMs also grew by Rs 16,500 crore to Rs 247,350 crore. Additionally, the company had a net liquidity surplus of Rs 11,850 crore at the end of the quarter.
On April 3, the company’s shares ended the trading session 2% higher at Rs.5,715.05 per share.
Bajaj Finance Limited is a renowned and highly trusted player in India’s NBFC and consumer finance space, offering a broad range of financial products and services. The services include consumer and digital loans, SME loans, insurance, mutual funds and investment products, among others. Bajaj Finance also serves a large customer base from 250 locations across the country.
The company’s MD and CEO, Sanjiv Bajaj, is a visionary leader Focused on digital transformation and delivering customer-focused financial products and services. With over 20 years of experience in Finance and Banking, Bajaj has consistently driven the company’s growth taking it to its heights of success. Under his leadership, Bajaj Finance has been recognized with many industry awards, including ‘NBFC of the Year’ at the ABP News BFSI Awards 2021 and ‘Company of the Year (Financial Services)’ at the ET Now Awards 2021.