Muthoot Finance FY 2021 Financial Overview
IMPAIRMENT OF LOAN ASSETS
Stage III Loans Assets and ECL Provision
Pa
Muthoot Finance
(in millions)
Mar-21
Dec-20
Sep-20
Jun-20
Mar-20
Stage III Loan Assets
4,641
6,568
5,920
10,553
8,992
% Stage III Assets on Gross Loan Assets
ECL Provision on Gross Loan Assets
0.88
1.30
1.26
2.56
2.16
6,257
6,208
5,636
5,538
5,427
ECL Provision as % of Gross Loan Assets
Excess Provision outstanding in books
1.19
1.23
1.20
1.34
1.30
2,954
2,954
2,954
2,954
2,954
Staging Criteria
Stage
Description
Stage 1
Stage 2
Stage 3
PD-Probability of default
Bad Debts
0-30 days past due
> 30 to <= 90 past due
> 90 days past due
LGD-Loss given default
Provision Mechanism
PD X LGD x Stage 1 Asset
PD x LGD x Stage 2 Asset
LGD x EAD of Stage 3 Asset
EAD-Exposure at Default
(in millions)
FY 2021
FY 2020
Q4 FY 2021
Q3 FY 2021 Q2 FY 2021
Q1 FY 2021
Bad Debts Written Off
118
599
53
27
10
28
% of Bad Debts written off to Gross Loan
Assets
0.02
0.14
0.01
0.005
0.002
0.01
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