Bajaj Finserv Financial Overview
Executive summary - Consolidated
Overview
Subsidiaries
Treasury
Credit Quality
33-year-old non bank with a demonstrated track record of profitable growth
B
BAJAJ
FINSERV
USD 1 INR 75
• Diversified financial services company focused on Consumer, Rural, SM E, Commercial, Mortgages and Payments
Focused on mass affluent client with a strategy to cross sell
• Strong focus on deposits acceptance and fee product distribution
Present in 1,049 urban locations and 1,359 rural locations in India with over 1,14,400 + points of sale
Large customer franchise of 42.95 MM with loans
Amongst the largest new loan acquirers in India (1.75 MM in Q1 FY21)
AUM mix of Consumer: Rural: SME: Commercial: Mortgages stood at 37% 9% 13% 7% 34% as of 30 June 2020
AUM of $ 18,407 MM as of 30 June 2020 and a post tax profit of $ 128 MM in Q1 FY21.
Capital adequacy ratio (including Tier II capital) stood at 26.4% as of 30 June 2020. Tier I capital stood at 22.6%
• 100% shareholding in Bajaj Housing Finance Limited
• 100% shareholding in Bajaj Financial Securities Limited.
• Strategy is to create a balanced mix of wholesale and retail borrowings
Borrowings of $ 16,149 MM with a mix of 40: 39: 17: 4 between money markets, banks, deposits & ECB as of 30 June 2020
• Consolidated Gross and Net NPA as of 30 June 2020 stood at 1.40% and 0.50%, respectively
• Provisioning coverage ratio of 65% as of 30 June 2020
• Standard assets provisioning of 273 bps (ECL stage 1 & 2) under Ind AS as against requirement of ~40 bps as per RBI and NHB. This
includes contingency provision of $ 313 MM for COVID-19. Excluding the same, standard assets provisioning stood at 101 bps.
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