On April 4, Bajaj Finance said new loan bookings for the quarter ended March 31 rose 20% to 7.6 million, besides 6.3 million in the last fiscal. For FY22-23, the non-bank financial major documented the highest-ever new loans of 29.6 million.

As of March 31, the company’s customer franchise stood at 69.1 million compared to 57.6 million YoY, increasing by 3.1 million. Additionally, it recorded the highest upsurge in its customer franchise of 11.5 million in FY23.

Providing a business update for the Q4FY23, Bajaj Finance added that its core Assets under Management (AUM) grew by 29% to about Rs 247,350 crore against Rs 192,087 crore (AUM excluding short-term IPO financing receivable of Rs 5,365 crore) in the year-ago period. AUM in Q4FY23 grew by Rs 16,500 crore.

Further, the combined net liquidity surplus stood at Rs 11,850 crore in the fourth quarter.

Bajaj Finance mentioned that its liquidity position remains robust. The company remains well capitalised with a Capital Adequacy Ratio (CRAR) of approximately 24.9% as of March 31, 2023.

The company’s Deposit book stood at about Rs 44,650 crore, a growth of 45% YoY from Rs 30,800 crore.

Meanwhile, on April 3, Bajaj Finance shares closed 2% higher at Rs 5,715.05 apiece on the NSE. Amid Mahavir Jayanti, stock markets were closed on April 4.