LRS 2023-27 Execution Plan
Lead financial indicators
BAJAJ FINANCE LIMITED
11. Deposits book stood at 42,984 crore as of 31 December 2022. In Q3, the net deposit growth was 3,562 crore. Deposits
contributed 21% of consolidated borrowings as of 31 December 2022. The Company is on track to deliver its goal of 25% of
consolidated borrowings from deposits in the medium term.
12. Net interest income (NII) for Q3 FY23 increased by 24% to 7,435 crore from ₹ 6,005 crore in Q3 FY22. NII growth was 28%
after adjusting NII of 203 crore earned in IPO financing in Q3 FY22 which has since been discontinued due to change in
regulation.
13. In Q3, Opex to NII improved to 34.7% versus 35.9% in Q2. The Company continues to invest in teams and technology for
business transformation. The Company expects to sustain its operating efficiencies in Q4 as well.
14. In Q3, loan losses and provisions were 841 crore. The Company expects its loan losses and provisions at 1.4-1.5% of
average assets in FY23. The Company holds a management and macro-economic overlay of 1,000 crore as of 31
December 2022.
15. GNPA & NNPA stood at 1.14% and 0.41% as of 31 December 2022 as against 1.17% and 0.44% as of 30 September 2022.
16. Overall stage 2 assets stood at 2,860 crore as of 31 December 2022 as against 3,155 crore as of 30 September 2022.
17. Overall stage 3 assets stood at ₹ 2,610 crore as of 31 December 2022 as against 2,530 crore as of 30 September 2022.
18. Credit quality metrics across portfolios remains strong in Q3.
19. The product mix remained steady across 9 different verticals.
20. Consolidated post tax profit grew by 40% to 2,973 crore in Q3 FY23 as compared to 2,125 crore in Q3 FY22.
21. Capital adequacy remained strong at 25.14% as of 31 December 2022. Tier-1 capital was 23.28%.
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