Bajaj Finserv Financial Performance Q1 FY21
ECL summary - Bajaj Housing Finance Limited
BAJAJ
B FINSERV
ECL categorization
Jun'19
Sep'19
Dec'19
Mar'20
Jun'20
Stage 1 & 2 (represents standard assets)
99.94%
99.94%
99.93%
99.92%
99.92%
Stage 3 (represents GNPA)
0.06%
0.06%
0.07%
0.08%
0.08%
Summary of stage wise assets and ECL provisioning
in Crore
Financial Assets & ECL provision
Jun'19
Sep'19
Dec'19
Mar'20
Jun'20
Gross Stage 1 & 2 assets* (A)
20,601
23.481
26,532
28,199
28,739
ECL Provision Stage 1 & 2 (B)
34
37
43
112
156
Net Stage 1 & 2 assets (C = A-B)
20,567
23,443
26,488
28,088
28,582
ECL Provision % Stage 1 & 2 assets (D = B/A)
0.16%
0.16%
0.16%
0.40%
0.54%
Gross Stage 3 assets (E)
13.1
13.3
19.9
23.7
24.1
ECL Provision Stage 3 (F)
4.2
6.0
6.3
9.0
9.3
Net Stage 3 assets (G = E-F)
8.9
7.3
13.6
14.7
14.8
Coverage Ratio % Stage 3 assets (H= F/ E)
32%
45%
32%
38%
38%
ECL/ Total Assets
0.18%
0.18%
0.19%
0.43%
0.58%
* Gross stage 1 & 2 assets represent loans balance as per Ind AS after adjusting for the impact of am ortisation of fees earned and acquisition cost incurred including other assets like security deposits, receivable
from related parties, capital advances etc
@ Gross Stage 3 assets represents Loans balance as per Ind AS after adjusting for the impact of (i) amortisation 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.
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