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Paytm IPO: Paytm s future growth depends on financial services

Paytm IPO: Paytm s future growth depends on financial services
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Bajaj Finance reports a moderate Q1 growth in disbursements

Bajaj Finance reports a moderate Q1 growth in disbursements SECTIONS Share Synopsis For Bajaj Finance the assets under management grew by over 15% YoY and 4% sequentially despite widespread lockdowns. The AUM stood at Rs 1.59 lakh crore. Disbursements were slow and fell 17% sequentially with new loans disbursed at Rs 46 lakh down from Rs 55 lakh in the March 2021 quarter. Non-bank lender Bajaj Finance on Tuesday, shared headline numbers for the June quarter, which showed muted disbursements and lower customer acquisition. Analysts tracking the company said that any potential asset-quality pain is largely provided for, a fresh round of lockdowns could delay revival in growth.

HDFC Bank not immune to Covid, loan growth hit

HDFC Bank not immune to Covid, loan growth hit SECTIONS Share Synopsis The bank slowed its retail disbursements which were down 30% sequentially, reflecting the impact of the second Covid wave. The continued weakness in the retail segment led to retail segment s share in total loans slipping down to 45% from 47% in June quarter last year. Agencies Non-retail loans, including commercial and rural loans grew at a healthy pace of 25% YoY and 11% YoY respectively. In which corporate loan book grew 17% YoY. Private lender HDFC Bank on Monday shared headline numbers for its June quarter, which showed loan growth moderation and contraction in its retail credit book. The overall advances grew at a modest pace of 14% YoY and 1.3% sequentially, taking its total loan book to Rs 11.5 lakh crore.

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