Get App
Download App Scanner
Scan to Download
Advertisement
This Article is From Jan 05, 2023

Bajaj Finance Stock Down Over 8% As Loan Growth Moderates

Bajaj Finance: New loans booked in the quarter ended Dec. 31 were up 5.4% year-on-year against 7.9% recorded in the second quarter.

Bajaj Finance Stock Down Over 8% As Loan Growth Moderates
Bajaj finance reported moderation in assets under management. (Representational)

Shares of Bajaj Finance fell as much as 8.3% on Thursday, a day after the Indian shadow lender reported moderation in loan growth and assets under management (AUM) during the third quarter.

New loans booked in the quarter ended Dec. 31 were up 5.4% year-on-year against 7.9% recorded in the second quarter, while AUM grew 27% as of Dec. 31 against the 31% recorded in the previous quarter.

(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)

Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.

Newsletters

Update Email
to get newsletters straight to your inbox
⚠️ Add your Email ID to receive Newsletters
Note: You will be signed up automatically after adding email

News for You

Set as Trusted Source
on Google Search
Add NDTV Profit As Google Preferred Source