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Bajaj Finance Ltd. posted a steady set of numbers on the business and operational front with QoQ improvement in assets under management, profitability being boosted by lower provisions.
With high frequency risk, collections not warranting risk stance change guidance remains the same. Hence, it is a welcome sign.
During the quarter, assets under management growth on a sequential basis was at a multi quarter high of 6.5% at Rs 152,947 crore led by 6.1% QoQ rise in mortgage book, while small medium enterprise, business-to-consumer and securities lending also showed respectable growth.
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