Shares of Bajaj Finance Ltd rose more than 2 percent on January 5

bajaj-finance

Shares of Bajaj Finance Ltd rose more than 2 percent on January 5 after the non-banking finance company (NBFC) posted a 26.3 percent jump in the assets under management in the third quarter of FY22 ended December 31.

The assets under management of the company rose to Rs 181,300 crore in Q3FY22 from Rs 143,550 crore in the year-ago period, the NBFC said. The company booked 7.4 million new loans in the December quarter, up from 6 million in the same quarter of the previous year.

Consolidated liquidity surplus stood at approximately Rs 14,300 crore as of December 31, 2021, Bajaj Finance said in the quarterly update.

News Source:- Moneycontrol

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