Bajaj Finance Q1 results
The market chief and multibagger company Bajaj finance ltd. have posted United Results for Q1 2021. Net benefit increments to 4% contrasted with last year 2021 which isn't up to the imprint as assessed by bloomberg
Key points:
Net profit raised to 4% from 1002crore compared to last year 962 crore
Net interest income raised to 8% which is 4489 crore as compared to last year June quarter 4152 crore
4.63 new loans were booked compared to last year 1.75
Deposit grew 39% to Rupees 27972
Loss on quarter on quarter
The organization expressed that without a serious third wave, the Company is focused on cutting down its Gross NPA to 1.7-1.8% and Net NPA to 0.7-0.8% by 31 March 2022. As needs be, the organization assesses its general credit cost for the year to be Rs 4,200-4,300 crore.
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