Bajaj Finance share price dropped more than 3% in the morning trade reported Q2 business update which is weakest in 6 quarters.
The loan portfolio increased 14% year on year, with 9.69 million loans disbursed during the quarter. In September, Bajaj Finance reported a net liquidity surplus of ₹20,100 crore. The company’s deposits reached ₹66,100 crore, up 21% year on year. The customer franchise increased to 92.09 million from 76.56 million the previous year, with a net gain of 3.98 million consumers during the quarter.
As of 9:42 am, Bajaj Finance shares were trading 2.31% lower at Rs 7,261.80 on the NSE.
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