Q3 FY22 Earnings Report

- Executive summary – Bajaj Finance Limited SME Business • Offers unsecured working capital loans to SME and self-employed professionals BAJAJ FINANCE LIMITED • Secured offerings include enterprise loans against property · Focused on accelerating used car financing business (average ticket size of ~7 lakhs) Focused on affluent SM Es (average sales of 15 to 17 crore) with established financials & demonstrated borrowing track record Commercial business • Offers short, medium- and long-term financing to mid market corporates • Focused on auto ancillaries, pharma, specialty chemicals, financial institution groups, lease rental discounting and top mid corporate clients in India Treasury Strategy is to create a balanced mix of wholesale and retail borrowings with a focus on long term borrowings Borrowings stood at 1,14,093 crore with a mix of 50% 19% 26% 5% between money markets, banks, deposits & ECB as of 31 December 2021 Credit Quality · Gross and Net NPA as of 31 December 2021 stood at 2.19% and 0.98% respectively Provisioning coverage ratio as of 31 December 2021 was 56% • Provisioning coverage on stage 1 & 2 stood at 181 bps as of 31 December 2021 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 ratings for ECB 29

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