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Bajaj Finance set for a sturdy quarter despite RBI restrictions
Mint Mumbai
|January 05, 2024
Bajaj Finance Ltd is set for another sturdy quarter, as indicated by its business update for the three months ended December (Q3FY24).
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This is in spite of the Reserve Bank of India (RBI)'s directive, asking Bajaj Finance to stop. sanctioning and disbursing loans under two lending products-eCOM (e-commerce loans) and Insta EMI Card. In Q3, Bajaj Finance acquired around 3.85 million customers taking its customer base to 80.4 million.
This is the highest addition at least in the past 10 quarters. Tailwinds in the form of festive season played a role in customer acquisition.
Further, the new loans booked in Q3 rose by 26%, while its deposit book as on the quarter end clocked growth of 35% year-on-year.
Esta historia es de la edición January 05, 2024 de Mint Mumbai.
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