Executive Summary Q3 FY21
Executive summary - Bajaj Finance Limited
SME Business
.
Offers unsecured working capital loans to SM E and self-employed professionals
.
• Secured offerings include enterprise loans against property and financing against used car
Commercial
business
Treasury
B
BAJAJ
FINSERV
•
Focused on affluent SM Es (average sales of 15 to 17 crore) with established financials & demonstrated borrowing track record
.
Offers short, medium and long-term financing to mid market corporates
Offers a range of structured products collateralized by marketable securities or mortgage
• Offers financing against shares, mutual funds, insurance policies and deposits
Strategy is to create a balanced mix of wholesale and retail borrowings with a focus on long term borrowings
Borrowings stood at 97,335 crore with a mix of 44: 26: 24: 6 between money markets, banks, deposits & ECB as of 31 Dec 2020
Credit Quality
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Gross and Net NPA as of 31 Dec 2020 stood at 0.68% and 0.24% respectively
.
Provisioning coverage ratio as of 31 Dec 2020 was 65%
•
Provisioning coverage on stage 1 & 2 stood at 218 bps as of 31 Dec 2020 versus 451 bps as of 30 Sep 2020.
Credit Rating
•
.
Credit rating for long term borrowing is AAA / Stable by CRISIL, ICRA, CARE & India Ratings
• Credit rating for short term borrowing is A1+ by CRISIL, ICRA & India Ratings
• Credit rating for FD program is FAAA/Stable by CRISIL & MAAA (Stable) by ICRA
Long term issuer credit rating of BB+/ Stable and short-term rating of B by S&P Global
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