Executive Summary Q3 FY21
Executive summary - Q3 FY21
NIM Metrics
11. Margin profile in all lines of businesses was steady at pre-COVID levels other than mortgages.
B
BAJAJ
FINSERV
12. Net Interest Income (NII) for Q3 FY21 was 4,296 crore as against 4,535 crore in Q3 FY20. NII for the quarter was lower by 239
crore compare to Q3 FY20. This was mainly caused by interest reversal of 450 crore versus 83 crore in Q3 FY20 and cost of
surplus liquidity of 213 crore against 83 crore in Q3 FY20.
Liquidity Management
13. As of 31 Dec 2020, the Company had consolidated liquidity buffer of 14,347 crore. This represents 11.6% of its total borrowing.
Average consolidated liquidity buffer for the quarter was 19,373 crore.
14. Given stable market conditions, the Company has brought down its liquidity buffer to 11.6% of its total borrowing as of 31 Dec
2020 from 21.9% as of 20 Oct 2020. The company will go back to its pre-COVID liquidity buffer of 7-8% of its borrowings by Marʼ21.
This will ensure that the cost of excess liquidity normalizes to pre-COVID levels in Q4.
15. In the last 45 days, as part of its strategy to reduce liquidity buffer and optimize cost of funds, the Company has made
prepayments of approximately 6,600 crore. The Company's consolidated cost of fund for Q3 FY21 was 7.78% and is expected to
go down to 7.5% by Mar'21.
16. Deposits book stood at ₹23,777 crore, a growth of 18% YoY. Its contribution to consolidated balance sheet was 19% as of 31 Dec
2020. The Company continued to attract sizable retail deposits in Q3. The Retail Corporate mix stood at 76 24 in Q3 FY21 as
against 61 39 in Q3 FY20 in line with its strategy of reducing its reliance on corporate deposits.
6View entire presentation