Bajaj Finserv - Covid-19 Update and Business Continuity Plan
BFL's - Summary on Covid-19
B
BAJAJ
FINSERV
☐ Business operations in Q1 FY21 were considerably impacted due to COVID-19 pandemic
and the consequent lockdowns which remained for most of Q1 FY21.
Restarted its sales finance, auto finance, LAS and Gold loan businesses with stringent loan
to value (LTV) and underwriting norms both in urban and rural formats from second week
for May 2020. Other businesses are being gradually restarted from July 2020.
Home loan and credit card distribution businesses were restarted in June'20.
☐ Loan against property, SME, B2C urban, B2C rural and commercial businesses were
restarted in July'20.
☐ The Company's liquidity position remains very strong with overall liquidity surplus of
approximately Rs. 17,700 crore as of 30 June 2020 on consolidated basis. The Company's
liquidity surplus as of 20 July 2020 was approximately Rs. 20,590 crore.
☐ Augmented collections infrastructure to mitigate its credit costs. It has added 2,800
collections officers and approximately 16,000 collection agency staff to manage the
increased bounce rate.View entire presentation