Bajaj Finance Sees A Drop In Assets Under Management

Bajaj Finance saw its Assets under management (AUM) at approximately Rs 143,700 crore as of 31 December 2020 as compared to Rs 145,092 crore as of 31 December 2019, thus showing a drop in comparison to 2019.

In a business update released to the exchanges, the company said that customer franchise as of 31 December 2020 stood at 46.3 MM as compared to 40.4 MM as of 31 December 2019.

The Company acquired 2.2 MM new customers in Q3 FY21 as compared to 2.5 MM in Q3 FY20.

New loans booked during Q3 FY21 were 6.0 MM as compared to 7.7 MM in Q3 FY20. Consolidated liquidity surplus stood at the company was approximately Rs 14,600 crore as of 31 December 2020.

"The Company's liquidity position remains very strong and it remains well capitalized with capital adequacy ratio (CRAR) of approximately 28.0% as of 31 December 2020," Bajaj Finance stated in a release.

The Company's deposit book stood at approximately Rs 23,800 crore as of 31 December 2020 as compared to Rs 20,235 crore as of 31 December 2019. Bajaj Finance shares were last seen trading at Rs 5,094, a drop of 2.3 per cent over Monday's close.