Executive Summary Q3 FY21
Executive summary - Consolidated
Overview
Subsidiaries
Treasury
Credit Quality
33-year-old non bank with a demonstrated track record of profitable growth
BAJAJ
B
FINSERV
• Diversified financial services company focused on Consumer, Rural, SM E, Commercial, Mortgages and Payments
Focused on mass affluent client with a strategy to cross sell
• Strong focus on deposits acceptance and fee product distribution.
Present in 1,210 urban locations and 1,604 rural locations in India with over 1,02,800+ point of sale
Large customer franchise of 46.31 MM
Amongst the largest new loan acquirers in India (6.04 MM in Q3 FY21)
AUM mix of Consumer: Rural: SME: Commercial: Mortgages stood at 36% 9% 13% 9% 33% as of 31 Dec 2020
AUM of 1,43,550 crore as of 31 Dec 2020 and a post tax profit of 1,146 crore in Q3 FY21
Capital adequacy ratio (including Tier II capital) stood at 28.18% as of 31 Dec 2020. Tier I capital stood at 24.73%
100% shareholding in Bajaj Housing Finance Limited
• 100% shareholding in Bajaj Financial Securities Limited.
• Strategy is to create a balanced mix of wholesale and retail borrowings
Borrowings of 124,162 crore with a mix of 42: 35: 19: 4 between money markets, banks, deposits & ECB as of 31 Dec 2020
• Consolidated Gross and Net NPA as of 31 Dec 2020 stood at 0.55% and 0.19%, respectively
Provisioning coverage ratio as of 31 Dec' 2020 was 65%
•
Provisioning coverage on stage 1 & 2 stood at 190 bps as of 31 Dec 2020 versus 369 bps as of 30 Sept 2020. This was 90-100 bps during
pre-pandemic situation.
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