Bajaj Finance's shares fall as company says lockdowns pullin

Bajaj Finance's shares fall as company says lockdowns pulling down business


Shares of consumer financier Bajaj Finance were down more than 4 per cent on Monday after the lender send lockdowns in states to contain Covid-19 would affect its business.
Bajaj Finance said growth plan for its asset under management (AUM) in FY22 will see an impact of Rs 4,000 crore-Rs 5,000 crore, with most of the impact coming from the first quarter of FY22 due to lower volumes in B2B business.
The company’s B2B and auto finance businesses were most affected. These businesses delivered 70 per cent of their planned volumes in April 2021, but as states started imposing lockdowns mid-April, volumes dropped to 40 per cent in May 2021.

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