Business Performance
IMPAIRMENT OF LOAN ASSETS
Stage III Loans Assets and ECL Provision
Pa
Muthoot Finance
(* in millions)
Mar-23
Dec-22
Sep-22
Jun-22
Mar-22
Stage I Loan Assets
599,834
549,192
554,108
550,202
545,326
Stage II Loan Assets
8,278
13,223
8,637
4,612
17,834
Stage III Loan Assets
23,986
14,896
9,558
12,078
17,372
% Stage III Assets on Gross Loan Assets
3.79
2.58
1.67
2.13
2.99
ECL Provision on Gross Loan Assets
7,658
6,950
6,426
6,594
7,219
ECL Provision as % of Gross Loan Assets
1.21
1.20
1.12
1.16
1.24
Excess Provision outstanding in books
2,954
2,954
2,954
2,954
2,954
Bad Debts
(in millions)
FY 2023
FY 2022
Q4 FY 2023 Q3 FY 2023 Q2 FY 2023 Q1 FY 2023
Bad Debts Written Off
169
289
36
36
40
40
53
% of Bad Debts written off to Gross Loan
Assets
0.03
0.05
0.01
0.01
0.01
0.01
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