Bajaj Finance: Compared to the second quarter’s 7.9%, new loans booked in the three months ending December 31 were up 5.4% year over year.
Bengaluru: After the Indian shadow lender announced a slowdown in loan growth and assets under management (AUM) during the third quarter, shares of Bajaj Finance dropped as much as 8.3% on Thursday.
While the AUM increased 27% as of December 31 compared to the 31% recorded in the prior quarter, new loans booked in the quarter ended December 31 increased 5.4% year over year from the 7.9% reported in the second quarter.