#1B FINSERV BAJAJ BAJAJ HOUSING FINANCE LIMITED Debt Investor Presentation Q1 FY24#2AGENDA 01 Executive Summary 02 Financial & Credit Quality Highlights 03 Portfolio & Treasury Update 04 Key Drivers 05 Business Wise Update 06 Way Forward B FINSERV BAJAJ#3Executive Summary B FINSERV BAJAJ#4Company Overview 3,460 Cr 74,124 Cr 2,773 168 B FINSERV BAJAJ Monthly Acquisition (as of June 23) Bajaj Housing Finance Ltd. (BHFL): Asset Under Management (as of June 30, 2023) Employees Locations (Urban-59; Rural-109) is registered with National Housing Bank (NHB) as a Housing Finance Company (HFC), regulated by the Reserve Bank of India (RBI). The RBI through its press release dated 30 Sept 2022, has categorized the Company as "Upper Layer NBFC" (NBFC-UL) under the Scale Based Regulations is a 100% subsidiary of Bajaj Finance Ltd. (BFL) - a Bajaj Finserv Group Company started full-fledged operations from January 2018 with dedicated sales, operations, collections, branch & IT infrastructure. The Company operates as a completely independent entity with no common linkages with parent company has completed 6 years of operations and has been profitable since inception - the Company delivered PAT of 12 Cr in FY18, 104 Cr in FY19, 421 Cr in FY20, 453 Cr in FY21, 710 Cr in FY22 and 1,258 Cr in FY23 4#5Financial Snapshot for Q1 FY24 Assets Under Management 74,124 Q1 FY23 57,425 29% Profit Before Tax 526 Q1 FY23 428 GNPA Total Income 1,765 Q1 FY23 1,223 44% Profit After Tax 462 Q1 FY23 23% 316 46% B FINSERV BAJAJ Net Interest Income 702 in Crore Q1 FY23 594 Q1 FY23 9,557 Net Worth 10,965 NNPA CRAR 22.52% 0.23% 0.08% 18% 15% 5#6Business Update B FINSERV BAJAJ The AUM of the Company grew 29% at 74,124 Cr as of 30 June 2023 as against 57,425 Cr as of 30 June 2022. Home Loans AUM grew by 20%, Loan against property by 4%, Lease Rental Discounting by 83% and Developer Finance by 76%. AR as of 30 June 2023 grew by 33% at ₹ 66,334 Cr as against 50,039 Cr as of 30 June 2022. >>> Disbursements were 10,383 Cr during Q1 FY24 as against ₹9,255 Cr in Q1 FY23, a growth of 12% YoY. >>> The Company delivered profit after tax of 462 Cr in Q1 FY24 as against 316 Cr in Q1 FY23; a growth of 46%. The cost of funds for the Company witnessed an upward trajectory sequentially driven by lagged passthrough impact on term loans. Cost of funds for Q1 FY24 stood at 7.67% as against 7.48% in Q4 FY23 (Q1 FY23 COF- 6.13%). The Company continued to carry sufficient liquidity buffer during the quarter and ending at 3,191 Cr as of 30 June 2023. Capital adequacy remained comfortable at 22.52% as of 30 June 2023 with Tier-1 capital at 21.79%. Borrowings mix stood at 47% : 7% : 34% : 12% between Banks: NHB: Money market: Assignment as of 30 June 2023. 6#7Business Update B FINSERV BAJAJ In Q1 FY24, liquidity coverage ratio remains comfortable at 129.37%, above regulatory requirement of 60%. Opex to NII improved to 24.1% in Q1 FY24 as against 26.8% in Q1 FY23. GNPA at 0.23% as of 30 June 2023 (0.27% as of 30 June 2022) as against 0.22% as of 31 March 2023, an increment of 1 bps sequentially. NNPA remained at 0.08% as of 30 June 2023 with provisioning coverage ratio at 66%. >> Impairment of financial instruments for the quarter was ₹ 7 crore as against 7 crore in Q1 FY23. The Company continue to hold management overlay provision of 224 Cr as of 30 June 2023. Overall stage 2 exposure stood at 346 Cr as of 30 June 2023 as against 360 Cr as of 31 March 2023. Overall stage 3 exposure stood at 152 crore as of 30 June 2023 as against 137 crore as of 31 March 2023. 7#8Financial & Credit Quality Highlights B FINSERV BAJAJ#9Financials B FINSERV BAJAJ in Crore Financials snapshot Q1 FY24 Q1 FY23 QoQ FY23 Assets under management 74,124 57,425 29% 69,228 Assets under finance 66,334 50,039 33% 62,114 Interest income Fee and other income Total Income Interest expenses 1,668 1,072 56% 5,269 97 151 (36%) 396 1,765 1,223 44% 5,665 1,063 629 69% 3,211 Net Interest Income 702 594 18% 2,454 Operating Expenses 169 159 6% 630 Impairment of financial instruments 7 7 124 Profit before tax 526 428 23% 1,700 Profit after tax 462 316 46% 1,258 Key Ratios: Operating expenses to Net Interest Income 24.1% 26.8% 25.7% I Impairment to Average AR* 0.04% 0.06% I 0.23% Return on Average Assets* 2.88% 2.62% 2.32% Return on Average Equity * 17.21% 15.51% | 14.59% * annualized#106 Yr. Financial Snapshot in Crore B FINSERV BAJAJ Financials snapshot FY18 FY19 FY20 FY21 FY22 FY23 CAGR (6 yrs.) AUM 3,570 17,562 32,705 38,871 53,322 69,228 81% Total income 106 1,156 2,646 3,155 3,767 5,665 122% I Interest expenses 47 685 1,616 1,966 2,155 3,211 133% Net Interest Income (NII) 59 471 1,030 1,189 1,612 2,454 111% Operating Expenses 44 297 339 329 471 630 70% Loan Losses & Provision 4 25 124 247 181 124 99% Profit before tax 11 149 567 613 960 1,700 174% Profit after tax 10 110 421 453 710 1,258 163% Key Ratios: FY18 FY19 FY20 FY21 FY22 FY23 Opex to NII 74.6% 63.1% 32.9% 27.7% 29.2% 25.7% Loan loss to avg. AUF 0.22% 0.24% 0.55% 0.80% 0.45% 0.23% Return on assets 0.6% 1.1% 1.9% 1.5% 1.8% 2.3% Return on equity 1.1% 4.2% 9.1% 7.8% 11.1% 14.6% Gross NPA 0.00% 0.05% 0.08% 0.35% 0.31% 0.22% Net NPA 0.00% 0.04% 0.05% 0.22% 0.14% 0.08% Provision coverage ratio 35% 38% 38% 54% 64% CRAR (standalone) 45.12% 25.81% 25.15% 21.33% Leverage ratio 3.03 5.26 5.62 6.28 19.71% 7.20 22.97% 6.16 Capital infusion* 1,200 2,000 1,500 2,500 * Capital infusion of 328 crore prior to FY18 10 10#11ECL Summary B FINSERV BAJAJ Asset categorization Jun'22 Sep'22 Dec'22 Mar'23 Jun'23 Stage 1 & 2 (represents standard assets) 99.73% 99.76% 99.77% 99.78% 99.77% Stage 3 (represents GNPA) 0.27% 0.24% 0.23% 0.22% 0.23% Summary of stage wise assets and provision for impairment allowance in Crore Assets and impairment allowance Jun'22 Sep'22 Dec'22 Mar'23 Jun'23 Gross Stage 1 & 2 assets* (A) 50,370 55,286 58,346 62,502 66,711 ECL Provision Stage 1 & 2 (B) 388 407 416 438 428 Net Stage 1 & 2 assets (C = A-B) 49,983 54,878 57,930 62,064 66,283 ECL Provision% Stage 1 & 2 assets (D = B/A) 0.77% 0.74% 0.71% 0.70% 0.64% Gross Stage 3 assets@ (E) 134.5 131.2 134.6 137.3 151.5 ECL Provision Stage 3 (F) 78.2 70.9 73.6 87.3 99.9 Net Stage 3 assets (G = E-F) 56.3 60.3 61.1 50.0 51.6 Coverage Ratio % Stage 3 assets (H= F/E) 58% 54% 55% 64% 66% ECL/Total Assets 0.92% 0.86% 0.84% 0.84% 0.79% *Gross stage 1 & 2 assets represent loans balance as per Ind AS after adjusting for the impact of amortization of fees earned and acquisition cost incurred. @ Gross Stage 3 assets represents loans balance as per Ind AS after adjusting for the impact of (i) amortization of fees earned and acquisition cost incurred and (ii) overdue interest considered recoverable under Ind AS and other receivables considered as non-performing as at the end of respective periods. 11#12Portfolio performance - Provisioning Coverage Particulars Home Loans B FINSERV BAJAJ * in Crore GNPA % NNPA % AUM 30 Jun 23 PCR GNPA NNPA (%) 30 Jun 22 31 Mar 23 30 Jun 23 30 Jun 22 31 Mar 23 30 Jun 23 42,881 87 31 65% 0.23% 0.20% 0.22% 0.09% 0.07% 0.08% Loan against property 6,767 28 9 68% 0.59% 0.56% 0.51% 0.28% 0.23% 0.17% Lease rental discounting 13,450 I Developer Finance 6,511 Rural Mortgages 2,743 27 9 67% 1.33% 1.15% 1.19% 0.65% 0.43% 0.40% Other loans Total 1,772 10 3 69% 0.42% 0.50% 0.58% 0.12% 0.15% 0.17% 74,124 152 52 66% 0.27% 0.22% 0.23% 0.11% 0.08% 0.08% 12#13Stagewise ECL provisioning * B BAJAJ FINSERV in Crore Gross Assets Receivable ECL Provision PCR % Particulars Stage 1 Stage 2 Stage 3 Stage 1 Stage 2 Stage 3 Stage 1 Stage 2 Stage 3 Home Loans 39,686 183 87 184 39 56 0.46% 21.39% 64.66% Loan against property 5,335 97 28 36 18 19 0.67% 18.77% 67.70% Lease rental discounting 10,859 65 555 0.60% Developer Finance 6,557 I 46 I 0.71% Rural Mortgages 2,154 42 54 27 13 11 18 0.59% 19.59% 66.57% Other loans 1,775 12 10 10 14 3 7 0.78% 28.26% 70.16% Total as of 30 June 2023 66,365 346* 152 357 71^ 100 0.54% 20.60% 65.93% Total as of 31 Mar 2023 62,142 360 137 360 78 87 0.58% 21.77% 63.60% Total as of 30 June 2022 49,878 492 134 283 104 78 0.57% 21.20% 58.16% Includes 19 Cr non overdue OTR assets classified as Stage 2 |ˆ Includes 4 Cr ECL provision on OTR assets 13#14●●●Portfolio & Treasury Update B FINSERV BAJAJ#15Portfolio View 18% 9% 9% 2% I I Portfolio Mix 48% Rs. 74,124 crore 4% 10% Total Home loan incl. top-up: Rs. 44,689 crore (60%) Home Loan HL Top Up Rural LAP LRD DF Others A well diversified portfolio with dominant share of HL 4% 5% Home Loan Portfolio Customer Categorisation Rs. 36,812 crore* Salaried Professionals 91% B FINSERV BAJAJ ■Self-Employed Focus on low-risk, fast growing Salaried Home Loan customer *Represents home loans portfolio excl. Top ups & incl. rural home loans 15#16Treasury Strategy - Fund Raising Mix 7% 12% 34% Term Loans NCD NHB ■ Assignment June 2023 B FINSERV BAJAJ Money market liquidity to support growth over 15-18 months 47% Continued focus on longer tenor borrowings. Rebalancing borrowing with higher money market mix Maturity of book to open avenues for sub- debt and NCD borrowing supporting ALM Enhance NHB refinance mix to diversify borrowings and support ALM mismatch Assignments to drive balance sheet growth and address ALM mismatch 16 1155#17Behaviouralized ALM snapshot (as of 30 June 2023) B FINSERV BAJAJ * in Crore Particulars 1-7 D 8-14 D 15-30 D >1-2 M >2-3 M >3-6 M >6 M-1 Y >1-3 Y >3-5 Y >5 Y Total Cash & Investments 994 300 850 248 83 718 0 3,192 Advances 698 595 653 1,455 1,405 3,985 6,878 18,898 11,415 20,351 66,334 Other inflows 0 318 273 2,205 489 4,088 Total Inflows (A) 1,692 895 1,822 1,977 3,610 4,556 11,684 Cumulative Total Inflows (B) 1,692 2,588 4,409 6,386 9,996 14,552 26,236 4,542 23,440 49,676 63,028 1,937 7,470 21,323 13,352 27,821 90,849 90,849 Borrowings 105 72 318 460 1,700 2,166 9,695 21,415 14,468 8,161 58,560 Capital Reserves and Surplus 10,965 10,965 Other Outflows 1,094 543 1,036 965 745 1,730 4,542 Total Outflows (C) 1,199 615 1,354 1,425 2,445 3,897 14,237 5,843 27,258 602 4,225 21,324 15,069 23,351 90,849 Cumulative Total Outflows (D) 1,199 1,814 3,168 4,593 7,038 10,934 25,172 52,429 67,499 90,849 Mismatch (E = A - C) 493 280 468 552 1,165 660 (2,554) (3,818) (1,717) 4,471 Cumulative mismatch (F = B-D) 493 773 1,241 1,793 2,958 3,618 1,064 (2,753) (4,471) (0) Cumulative mismatch as % (F/D) 41% 43% 39% 39% 42% 33% 4% -5% -7% 0% Permissible cumulative gap % -10% -10% -20% Additional borrowings possible 2,342 17#18Key Drivers B FINSERV BAJAJ#19Core Strategy TOP 4 MORTGAGE ORIGINATOR >>> >>> In 6 years of operations, BHFL ranks among top mortgage originators in India Aim to be amongst the top mortgage originators in the country in the NBFC space DIVERSIFIED HL FOCUSED BUSINESS MIX >>> BUILD A LOW-RISK BUSINESS MODEL To create a low-risk sustainable balance sheet delivering GNPA in corridor of 0.6%- 0.8% and ROE of 13-15% >>> Focus largely on salaried home loan opportunity >>> Entire suite of products available to meet customer mortgage requirements >>> Home loans to contribute 60%-65% of portfolio >>> >>> Risk based business mix to ensure low risk portfolio contribution FOCUS ON FEE INCOME >>> Mortgage is a highly competitive & low margin business with minimal pricing width available Focus on cross-sell income through cross-selling / up-selling customized VAS products & services B FINSERV BAJAJ FOCUS ON CROSS SELL >>> >>> ✓ Consented customer base of BFL Focus on customer data enrichment to create right propositions Lower risk >>> >>> FOCUS ON MASS AFFLUENT (+) CLIENTS Focus on mass affluent and above customer segment Average age of 35-40 years and average salary of 10-20 lakhs 19#20Strengths B (%)+ BRAND NAME Bajaj group is one of the most reputed & vintage groups in the country. Bajaj Finance is a leading financial services name in the industry CAPITAL * 2,500 Cr capital infused in FY23 taking total infusion to 7,550 Cr till date with Net worth in excess of 10,900 Cr. Mortgages remain strategic to the group CUSTOMER BASE 893 ANALYTICS ORIENTATION $ COMMITTED LINE Ex B FINSERV BAJAJ CREDIT RATING BHFL has a committed credit line from BFL available on tap Agency Long- term Short- term CRISIL AAA (Stable) A1+ India Ratings IND AAA (Stable) A1+ FULL PRODUCT SUITE DEBT MANAGEMENT BHFL has access to consented customer base of BFL and customer coming from Digital channels to cross sell mortgages BHFL mines customer base for eligibility & offer computation through highly sophisticated analytical models Mortgage products for Retail as well as Commercial customers with customized VAS products & services for cross sell/up sell Dedicated and well-staffed Debt Management unit for both urban and rural markets 20 0#21Strong Underwriting & Debt Management Capabilities B FINSERV BAJAJ >>> Separate dedicated underwriting structures for salaried and self-employed loans Retail Loans Underwriting (Home Loans & Loan Against Property) >>> Salaried loans follow a hub model while self-employed loans are underwritten across all locations to address business and collateral related nuances >>> Tele-PD for all salaried loans while physical PD with underwriter mandatory for all self-employed loans >>> >>> Legal and technical evaluation of collateral though in-house collateral team and empaneled vendors as per the regulatory norms Checkpoints / hind-sighting processes over the life-cycle of the loan Commercial Loans Underwriting >>> Dedicated underwriting structure of subject matter experts with relevant domain experience >>> For LRD transactions: In-depth assessment of customer's borrowing requirement, credit history, financials, market stature, borrowing entity structure, collateral site, credibility of lessee's, lock-in period (Developer Finance & Lease Rental >>> >>> Discounting) For DF transactions: Detailed assessment of developers' history, project site, approvals, cash flows, existing projects performance Use of industry best practices and tools for the preparation of Credit Approval Memo (CAM) for each commercial transaction Centralized disbursal of all commercial transaction for better controllership Dedicated debt management structure for all Retail loans - urban as well as rural Debt Management Approach >>> Debt management is done through in-house debt management team - no external agencies >>> Backed by a strong legal structure focused on SARFAESI wherever needed >>> Dedicated team in place for efficient resolution of legal cases at different stages 21 21#22Product Suite B FINSERV BAJAJ Developer Finance ☑ VAS Products 信 Lease Rental Discounting A Rural Mortgages Home Loans Loan Against Property Full suite of mortgages products and services for retail and corporate customers 22#23Business Wise Update B FINSERV BAJAJ#24Home Loans 45% 42,881 Cr Asset Under Management of Monthly Acquisition Mix 40% Existing Customer base sourcing (for Q1FY24) 86% Salaried Home Loan 59% 70% 13.1 Lakhs FOIR LTV at origination Avg. Customer salary B FINSERV BAJAJ 78% Customers with 750+ CIBIL 50 Lakhs Avg. Ticket Size 24 4#25Home Loans Verticals B2C 54% B Appx. 45-50% customers are having prior relationship with Bajaj 阻 Data-analytics based offer generation approach for better risk management 11% Contribution Customer sourcing on digital channels across Bajaj Finserv assets 5 Markets Micro-Market approach basis customer spread 4-5 Years La Дос 404 B2B 7-8 Years Behaviouralized maturity of loan B FINSERV BAJAJ 46% BHFL caters to majorly Elite, A+, A category developers Behaviouralized maturity of loan Higher profitability in B2C channel driven by ability to cross-sell Combination of field and regional underwriting processes for balancing TAT and Risk Continue to leverage the vast existing customer base to grow and expand distribution network as an additional funnel Focused on DF funded projects for scale, relationship and risk mitigation Build large array of partners to build scale going ahead Only defined, selected, risk- approved projects allowed for sourcing Focus on the huge market opportunity in B2B to provide exponential growth. Less risky and highly stable portfolio 25 25#26Loan Against Property 6,767 Cr Asset Under Management 44% Existing Customer mix B FINSERV BAJAJ 55% LTV at Origination Operative in 27 locations with average ticket size of 70 lakhs. Focused on mass affluent and above salaried and self-employed customers Continued focused on direct to customer strategy along with expansion of intermediary business AUM mix is 29% from salaried, 14% from self-employed professionals and 57% from self-employed Business focused on Fresh LAP with faster turn-around-time of 72-120 hours Self occupied residential property (SORP) constitutes 69% of the total book. Max LTV exposure restricted at 75%#27Rural Mortgages 2,743 Cr 18 L Asset Under Management Average Ticket Size B FINSERV BAJAJ 109 Locations Hub and spoke model with presence across 109 upcountry locations as HUB and 193 locations as Spoke through ASSC tie-ups Average Home Loan LTV of 61% and average Loan against Property LTV of 43% 66% of portfolio is HL and 34% is LAP with continued focus on increasing the Home loan mix Highest standards of controllership across all products supported by adequate spread 27 7#28Lease Rental Discounting B FINSERV BAJAJ 13,450 Cr 84 Cr Top 12 Asset Under Management Average Ticket Size Locations Offers lease rental discounting to high net-worth individuals (HNI) and developers primarily for leased out office spaces Lessees are majorly Fortune 500 companies. The properties are relatively easier to lease out later as well Conservative discounting and comfortable LTVs (-55%) All transactions are backed by rentals through ESCROW mechanism with exclusive charge Continuous monitoring of each transaction on a monthly basis by a dedicated risk team structure#29Developer Finance 6,511 Cr 504 Asset Under Management Number of Active Projects B FINSERV BAJAJ 33 Cr Average Ticket Size Business Approach >>> Focus on building a granular book >>> Focused on end unit price <1 Cr other than Mumbai and <1.5 Cr in Mumbai No land financing Operative in 14 locations (not operational in Delhi & NCR) Focus on converting DF exposure to retail low risk HL exposures and CCF exposure to lease rental discounting Developer Profile Operating Model Developer should have built minimum 0.75 - 1 million sq. ft. in past 7-10 years >>> Centralized underwriting >>> Disbursal only after RERA and Building approvals Deferred disbursement basis Developer not to have more than 3-4 live projects Low leverage >>> Developer should be large in the concerned micro-market >>> stage of construction and sales milestones >> Interest servicing mandatory to be done on a monthly basis with no moratorium 29#30Way Forward B FINSERV BAJAJ#31Way Forward B FINSERV BAJAJ Optimal Balance Sheet Mix $$ Capital adequacy Profitability & Risk metrics >>> Focus on building a low-risk balance sheet with medium ROE. Salaried HL to be the core growth driver over the next 3-5 years. >>> Maintain CRAR of over >17% against regulatory norm of 15% >>> ROE: 13-15% >>> ROA: 1.7%-2.0% GNPA: 0.6%-0.8% >>> Developer Finance book to be range bound (12-14% of the portfolio) BOO Granular Portfolio >>> Continue to focus on mass affluent customers as core target segment Continue to focus on ATS of 30- 100 lakh in retail ** Operating efficiency >>> Continued focus towards OPEX management through cost out, process efficiencies and digitalization initiatives Diversified Borrowings Maintain optimal borrowing mix of bank lines and money market with focus on increasing money market borrowings Enhance NHB refinance mix as part of total borrowings Assignment -15-20% 31 557#32Thank You B FINSERV BAJAJ#33Disclaimer B FINSERV BAJAJ This presentation has been prepared by and is the sole responsibility of Bajaj Housing Finance Limited referred to as the "Company" or "Bajaj Housing Finance". By accessing this presentation, you are agreeing to be bound by the trailing restrictions. This presentation does not constitute or does not intend to constitute or form part of any offer or invitation or inducement to sell, or any solicitation of any offer or recommendation to purchase, any securities of the Company, nor shall it or any part of it or the fact of its distribution form the basis of, or be relied on in connection with, any contract or commitment therefor. In particular, this presentation is not intended to be a prospectus or offer document under the applicable laws of any jurisdiction, including India. No representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained in this presentation. Such information and opinions are in all events not current after the date of this presentation. There is no obligation to update, modify or amend this communication or to otherwise notify the recipient if information, opinion, projection, forecast or estimate set forth herein, changes or subsequently becomes inaccurate. However, the Company may alter, modify or otherwise change in any manner the content of this presentation, without obligation to notify any person of such change or changes. These materials are being given solely for your information and may not be copied, reproduced or redistributed to any other person in any manner. The distribution of these materials in certain jurisdictions may be restricted by law and persons into whose possession these materials comes should inform themselves about and observe any such restrictions. Certain statements contained in this presentation that are not statements of historical fact constitute "forward-looking statements.” You can generally identify forward-looking statements by terminology such as "aim", “anticipate”, “believe”, “continue”, “could”, “estimate”, “expect”, “intend”, “may”, "objective", "goal", "plan", "potential", "project", "pursue", "shall", "should", "will", "would", or other words or phrases of similar import. These forward-looking statements involve known and unknown risks, uncertainties, assumptions and other factors that may cause the Company's actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or other projections. Important factors that could cause actual results, performance or achievements to differ materially include, among others: (a) material changes in the regulations governing the Company's businesses; (b) the Company's ability to comply with the capital adequacy norms prescribed by the RBI; (c) decreases in the value of the Company's collateral or delays in enforcing the Company's collateral upon default by borrowers on their obligations to the Company; (d) the Company's ability to control the level of NPAs in the Company's portfolio effectively; (e) internal or external fraud, operational errors, systems malfunctions, or cyber security incidents; (f) volatility in interest rates and other market conditions; and (g) any adverse changes to the Indian economy. This presentation is for general information purposes only, without regard to any specific objectives, financial situations or informational needs of any particular person. The information contained in this presentation is only current as of its date and the Company does not undertake any obligation to update the information as a result of new information, future events or otherwise. 33#34Glossary of terms Term ATS AUM AUF / AR ECL COF GNPA VAS FOIR LTV B2C B2B SENP SEP PD CAR ROA ROE ECB LCR NHB Full form Average Ticket Size Assets under Management Assets under Finance Expected Credit Loss Cost of funds Gross Non Performing Assets Value added products & services Fixed obligation to income ratio Loan to Value Business to Customer Business to Business Self employed Non Professionals Self employed Professionals Personal discussion Capital adequacy ratio Return on average assets Return on average equity External commercial borrowing Liquidity coverage ratio National Housing Bank 34 34 B FINSERV BAJAJ