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Bajaj Finance advances after strong Q4 business update


The company acquired 2.3 million new customers in Q4 FY21 compared with 1.9 million in Q4 FY20.
New loans booked during Q4 FY21 were 5.5 million as against 6 million in Q4 FY20.
Assets under management (AUM) stood at approximately 1.53 lakh crore as of 31 March 2021 compared with Rs 1.47 lakh crore as of 31 March 2020, registering a year-on-year (YoY) growth of 4.08%. AUM in Q4 FY21 grew by approximately Rs 9,500 crore.
Consolidated liquidity surplus stood at approximately Rs 16,000 crore as of 31 March 2021. The company s liquidity position remains very strong.
The company continues to remain well capitalized with capital adequacy ratio (CRAR) of approximately 28.4% as of 31 March 2021.
The company s deposit book increased by 20.41% as it stood at approximately Rs 25,800 crore as of 31 March 2021 as compared to Rs 21,427 crore as of 31 March 2020. Deposit book in Q4 FY21 grew by over Rs 2,000 crore. ....

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Store strategy: Consumer durables sector better prepared for Covid this time around


April 06, 2021
Companies look to ensure business continuity by de-risking production, logistics; digitisation of service
Having battled Covid-19 over the past year, consumer durables companies say they are now well-prepared to ensure business continuity amid the second wave of the pandemic through initiatives like maintaining higher inventories, digitisation of after-sales services, reactivation of rapid task forces, as well as measures to ensure de-risking of logistics, production, supplies and inventory levels.
Besides, due to factors like pent-up demand, continued work from home, spike in summer temperatures which aid sales of cooling products as well as vaccination drives, consumer durables players told
BusinessLine that they expect good demand. ....

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