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BUSINESS

Bajaj Finance Books Fewer New Loans in June Quarter

Consumer financier Bajaj Finance booked fewer loans in the April-June quarter of FY22 (Q1FY22) than the January – March quarter of FY21. In Q1FY22, the lender secured 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, 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.

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