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Should you invest in Paytm s IPO despite the unicorn s losses? — Quartz India
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Paytm IPO: Paytm s future growth depends on financial services
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Paytm cut marketing spend more than the competition: Bernstein report
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Bajaj Finance reports a moderate Q1 growth in disbursements
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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
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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.