Bajaj Finserv - Covid-19 Update and Business Continuity Plan
BFL - Key Highlights
Q1 2020-21
B
BAJAJ
FINSERV
The Company is well capitalised with Capital adequacy ratio (including Tier-Il capital) of 26.4% as at
30 June 2020. The Tier-1 capital stood at 22.6%. The Company remains one of the best capitalised
large NBFCs in India.
Subsidiaries (included in BFL Consolidated Performance)
Bajaj Housing Finance Ltd (BHFL) AUM grew by 52% to Rs. 32,982 crore as of 30 June 2020 from Rs.
21,745 crore as of 30 June 2019.
BHFL delivered profit after tax growth of 31% to Rs. 92 crore in Q1 FY21 vs Rs. 70 crore in Q1 FY20
BHFL Opex to NII improved to 30.4% in Q1 FY21 as against 41.4% in Q1 FY20.
ā During the quarter, the Company made contingency provision of 44 crore for COVID-19 taking
the overall contingency provision for COVID-19 to 94 crore as of 30 June 2020.
BHFL's Capital adequacy ratio (including Tier-Il capital) as of 30 June 2020 stood at 25.94%
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