Morgan Stanley on Bajaj Finance
OW, TP Rs 8500
Q2 update – back to 30% loan growth
Customer franchise grew to 62.9mn– 4% QoQ, 19% YoY
New loans were 6.8mn vs. 6.3mn in 2QF22
Significant ground was achieved in deposits, up 15% QoQ
CRAR moderated to 25.1% vs 26.2%
Source: Link
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