Bajaj Allianz Corporate Update
BFL : Loan Loss Provision and Operating Expenses
Loss Provision and Net NPA%
1.50%
6,000
4,803
5,000
4,000
0.51%
3,190
3,000
0.68%
0.31%
2,000
0.34%
995
755
1,000
0
FY22
FY23
I Loss Provision (Rs. Crore)
-0.50%
Q1 FY23
Q1 FY24
Net NPA %*
B
FINSERV
BAJAJ
All Figures in Rs Crore
ā GNPA & NNPA stood at 0.87% and 0.31% as of 30
June 2023 as against 1.25% and 0.51% as of 30 June
2022
Provisioning coverage ratio (PCR) of 65% on stage 3
assets; PCR stood at 114 bps on stage 1 & 2 assets as
of 30 June 2023 vs 130 bps as of 30 June 2022 (was
90-100 bps during pre-pandemic)
ā Overall, the portfolio composition across stage 1,
stage 2 and stage 3 assets is better than pre-COVID
metrics
Operating expenses as a % of NII
PAT
FY23 growth of 64%
11,508
Q1 FY24 growth
34.7% 35.1%
35.9%
34.0%
30.7%
7,028
4,420
of 32%
FY21
FY22
FY23
Q1 FY23
Q1 FY24
FY21
3,437
2,596
FY22
FY23
Q1 FY23
Q1 FY24
*Net NPA, recognized as per extant RBI prudential norms and provisioned as per Expected Credit Loss (ECL) method prescribed in Ind AS.
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