Bajaj Finance books fewer new loans in June quarter over March

In Q1FY22, it booked 4.6 mn new loans while in the previous quarter it had booked 5.47 million. On a YoY basis, there is a 1.5x jump in new loans booked

Consumer financier Bajaj Finance booked fewer loans in the April-June quarter of FY22 (Q1FY22) compared to the January - March quarter of FY21. In Q1FY22, the lender booked 4.6 million new loans compared to 5.47 million loans booked in the previous quarter but from a year-on-year (YoY) perspective, there is a significant improvement in the number of new loans booked, albeit due to a low base.

In Q1FY21, the lender had booked 1.8 million, as the first quarter of the last financial year was marred by the nationwide lockdown to curb the spread of coronavirus.

Assets under management (AUM) of