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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.
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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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