Bajaj Finserv Financial Performance Q1 FY21
ECL summary - Consolidated
B
BAJAJ
FINSERV
Assets categorization
Jun '19
Sep '19
Dec '19
Mar'20
Jun'20
Stage 1 & 2 (represents standard assets)
98.40%
98.39%
98.39%
98.39%
98.60%
Stage 3 (represents GNPA)
1.60%
1.61%
1.61%
1.61%
1.40%
Summary of stage wise assets and provision for impairment allowance
Assets and impairment allowance
Jun '19
Sep'19
Gross Stage 1 & 2 assets* (A)
1,28,570
1,35,552
Dec '19
1,43,534
Mar'20
Jun '20
1.44,199
1,36,461
ECL Provision Stage 1 & 2 (B)
1,111
1.239
1,443
2,299
3,729
Net Stage 1 & 2 assets (C = A-B)
1,27,459
1,34,312
1,42,091
1,41,900
1,32,732
ECL Provision % Stage 1 & 2 assets (D = B/A)
0.86%
0.91%
1.01%
1.59%
2.73%
Gross Stage 3 assets (E)
@
2,094
2,213
2,354
2,363
1,938
ECL Provision Stage 3 (F)
1,270
1,325
1,335
1,425
1,257
Net Stage 3 assets (G = E-F)
824
888
1,019
938
681
Coverage Ratio % Stage 3 assets (H= F/ E)
61%
60%
57%
60%
65%
Overall coverage ratio
1.82%
1.86%
1.90%
2.54%
3.60%
* Gross stage 1 & 2 assets represent loans balance as per Ind AS after adjusting for the impact of am ortisation of fees earned and acquisition cost incurred including other assets like security deposits, advance
to dealer, receivable from related parties, capital advances etc
@ Gross Stage 3 assets represents loans balance as per Ind AS after adjusting for the impact of (i) am ortisation of fees earned and acquisition cost incurred and (ii) overdue interest considered recoverable
under Ind AS and other receivables considered as non-performing as at the end of respective periods.
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