Bajaj Finance reported a 10% YoY growth in new loans for Q1 2024, booking 10.97 million loans compared to 9.94 million in Q1 2023.
Deposits stood at Rs 62,750 crore as of June 30, 2024, a 26% YoY increase from Rs 49,944 crore in the same period last year.
Bajaj Finance resumed 'eCOM' and 'Insta EMI Card' loans after RBI lifted restrictions on May 2, 2024.
Net liquidity surplus stood at Rs 16,200 crore as of June 30, 2024, showcasing a robust liquidity position.
Bajaj Finance’s consolidated net profit surged 21% YoY to Rs 3,824.53 crore for Q1 ending March 31, 2024.
Q1 revenue from operation hit Rs 14,926.21 crore (31.34% YoY), with interest income soaring 34% to Rs 13,230.08 crore.