Q3 FY22 Earnings Report
ECL summary - Consolidated
BAJAJ FINANCE LIMITED
Asset categorization
Dec 20
Mar'21
Jun'21
Sept'21
Dec'21
Stage 1 & 2 (represents standard assets)
97.14%
98.21%
97.04%
97.55%
98.27%
Stage 3 (classified as NPA)
0.55%
1.79%
2.96%
2.45%
1.73%
Stage 3 (not classified as NPA)
2.32%
Summary of stage wise assets and provision for impairment allow ance
Assets and impairment allowance
Dec 20
Mar'21
Jun'21
Sept'21
Dec'21
Gross Stage 1 & 2 assets* (A)
1,42,287
1,49,878
1,55,188
1,63,534
1,76,141
ECL Provision Stage 1 & 2 (B)
2,708
2,713
2,707
2,537
2,745
Net Stage 1 & 2 assets (C = A-B)
1,39,579
1,47,165
1,52,481
1,60,997
1,73,395
ECL Provision % Stage 1 & 2 assets (D = B/A)
1.90%
1.81%
1.74%
1.55%
1.56%
Gross Stage 3 assets® (E)
4,194
2.731
4,737
4,103
3,108
ECL Provision Stage 3 (F)
2,433
1,595
2,430
2,277
1,728
Net Stage 3 assets (G = E-F)
1.761
1,136
2,307
1,826
1,380
Coverage Ratio % Stage 3 assets (H= F/ E)
58%
58%
51%
55%
56%
Overall coverage ratio
3.51%
2.82%
3.21%
2.87%
2.50%
*Gross Stage 1 & 2 assets represent loans balance as per Ind AS after adjusting for the impact of amortisation 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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