Bajaj Finance has reported a 22% increase in consolidated net profit to Rs 3,639 crore for the third quarter ending December 2023, compared to Rs 2,973 crore in the same period the previous year. The company’s total income rose to Rs 14,166 crore for the quarter, up from Rs 10,789 crore in the year-ago period. The consolidated assets under management increased by 35% to Rs 3,10,968 crore. Net interest income jumped 29% to Rs 7,655 crore, and gross non-performing assets (NPAs) decreased to 0.95%. The company’s board has approved raising funds through debt instruments.
Bajaj Finance Reports 22% Jump in Q3 Net Profit, Consolidated Assets Under Management Rise 35%
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