Bajaj Finance: Signs of full-blown recovery aren't convincing enough

Pace of new customer addition up in Q4, though new loans acquired lags year-ago level

Topics
Bajaj Finance | finance sector | lending

Hamsini Karthik 

The Street usually tends to cheer Bajaj Finance’s quarterly performance updates.

However, this time, when on late Monday evening, the country’s largest consumer loans lender published numbers for March 2021 quarter (Q4), there was little reaction on the bourses in Tuesday’s trade. On the whole, with the lender posting four per cent year-on-year growth in assets under management (AUM) (Rs 1.53 trillion, up six per cent sequentially) and better than Q3’s flat AUM growth, the performance is quite reasonable, considering that the lender is also on a wait-and-watch ...

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First Published: Tue, April 06 2021. 18:15 IST
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