BFL Loan Loss Provision and Operating Expenses
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BFL Key Highlights
Q1 FY 2021-22
AUM & Business
Franchise Growth
NIM Metrics, Liquidity
and Operating Expense
Credit Costs
BAJAJ
B FINSERV
■ Q1 FY22 AUM was at Rs. 1,590,569 Mn vs Rs. 1,380,546 Mn last year
(15% growth); Core AUM accretion in Q1 FY22 was approximately ~ Rs.
41,000 Mn
■ 4.63 Mn new loans in Q1 FY22 as against 1.75 Mn in Q1 FY21;
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Acquired 1.88 Mn new customers in Q1 FY22 vs 0.53 Mn in Q1 FY21
■ Total customer franchise stood at 50.45 Mn as of 30 June 2021 - 17%
growth Yo Y
■ Net Interest Income (NII) for Q1 FY22 was Rs. 44,895 Mn vs Rs. 41,521
Mn in Q1 FY21;
▪ The Company is carrying liquidity buffer of Rs. 108,572 Mn,
representing 8% of its total borrowing
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■ As of 30 June 2021, deposit book stood at Rs. 279,716 Mn growth
of 39% YoY
Opex to NII came in at 30.6% vs 27.9% in Q1 FY21; expected to
normalize to -33% by Q4 FY22
■ Loan losses & provisions for the Q1 FY22 were Rs. 17,503 Mn vs Rs.
16,857 Mn in Q1 FY21; Holds a management overlay position of Rs.
4,830 Mn as of 30 June 2021
■ GNPA & NNPA for the quarter stood at 2.96% & 1.46% respectively
as compared to 1.79% and 0.75% in Q4 FY21
*Core AUM growth = AUM growth for the quarter - short Tenor IPO financing book + additional losses on account of COVID
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