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Bajaj Housing Finance AUM Jumps 24% to ₹1.27 Lakh Crore

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Bajaj Housing Finance AUM Jumps 24% to ₹1.27 Lakh Crore - finance news

Bajaj Housing Finance reported a significant increase in its Assets Under Management (AUM), rising 24% year-on-year to ₹1,26,740 crore for the second quarter. This figure represents a considerable expansion from the ₹1,02,569 crore reported during the same quarter last year.

The company's AUM growth during the September quarter specifically amounted to ₹6,000 crore, indicating a robust period of asset acquisition and portfolio expansion. This growth reflects the company's continued success in attracting and retaining customers within the housing finance sector.

Bajaj Housing Finance is a prominent player in the Indian housing finance market, offering a range of loan products to individuals and families. The reported AUM growth is a key indicator of the company's performance and its ability to capitalize on the growing demand for housing finance in the country. Market analysts will be closely watching the company's asset quality and margin outlook following this announcement, as these factors are crucial to its overall financial health and future prospects.