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Bajaj Finance investors need to trim expectations as second covid wave hits

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Bajaj Finance Ltd has become the first lender to indicate that investors need to tone down their expectations.In an early update on the quarter, the lender has estimated that its asset under management (AUM) will take a hit of Rs4,000 crore-Rs5,000 crore in the current financial year and much of this would be felt in the first quarter.

The reason is that lockdowns were large scale and strict in May, with most large states imposing curbs following the second wave coronavirus infections.

The lender’s business-to-business segment has been hit hard, with most shops and establishments staying shut in May. The second segment most impacted was vehicle loans, the lender said.

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Deaths: 459 652
Recovered: 0
Brazil
Brazil
Cases: 21 835 785
Deaths: 608 235
Recovered: 0
United Kingdom
United Kingdom
Cases: 9 215 683
Deaths: 141 607
Recovered: 0
Russia
Russia
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
Detail statistic
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Covid-19.rehab - the latest news concerning the spread of the SARS-CoV-2 coronavirus (formerly 2019-nCoV), as well as the infectious disease that it causes COVID-19, in separate countries and in the world as a whole. Current news on the topic of coronavirus SARS-CoV-2. Quarantine, pandemic 2020, epidemic: what is it, when will it come to end, precautions and how to protect yourself from this disease. The most honest news, no fakes! To keep up with the latest news, stay tuned for updates on the site! Every day we will collect news and statistics on coronavirus from around the world for you to be aware of this topic.

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