Bajaj Finance’s consolidated deposit book rises by 22.5% in September
7th Oct 2020

Bajaj Finance’s consolidated deposit book rose by 22.5 percent to Rs 21,600 crore as of September 2020 as compared to Rs 17,633 crore a year ago. Customer franchise grew by 14 percent to 4.41 crore as on September 30, 2020 as compared to 38.7 million a year ago. 

During the July-September quarter, the company acquired 1.2 million (12 lakh) new customers. However, new loan booked during Q2 FY21 fell to 36 lakh as compared to 65 lakh in the year-ago period. The assets under management (AUM) in the quarter under review rose to Rs 1,37,300 crore from Rs 1,35,533 crore.

Bajaj Finance, the lending company of Bajaj Finserv group, is one of the most diversified NBFCs in the Indian market catering to more than 40 million customers across the country.