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Bajaj Finance Q1 Business Update
The non-banking finance company said it booked 7.3 million new loans during quarter ended June 2019 against 5.6 million in same period last year. “In Q1, company acquired 2.5 million new customers.”
Bajaj Finance further said its assets under management (AUM) stood at approximately Rs 1,29,000 crore as of June 2019, increasing significantly by 41.3 percent compared to Rs 91,287 crore as of June 2018 and 11.3 percent compared to Rs 1,15,888 crore at the end of March 2019.
Customer franchise as of June 2019 stood at approximately 36.9 million, which was quite higher compared to 28.3 million in same period last year.