Muthoot Finance Credit Ratings & Financial Analysis
IMPAIRMENT OF LOAN ASSETS
Stage III Loans Assets and ECL Provision
Pa
Muthoot Finance
(in millions)
Dec-20
Sep-20
Jun-20
Mar-20
Dec-19
Stage III Loan Assets
6,568
5,920
10,553
8,992
9,769
% Stage III Assets on Gross Loan Assets
ECL Provision on Gross Loan Assets
1.30
1.26
2.56
2.16
2.54
6,208
5,636
5,538
5,427
7,178
ECL Provision as % of Gross Loan Assets
Excess Provision outstanding in books
Staging Criteria
1.23
1.20
1.34
1.30
1.86
2,954
2,954
2,954
2,954
1,191
Stage
Stage 1
Stage 2
Stage 3
PD-Probability of default
Bad Debts
Description
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)
Bad Debts Written Off
% of Bad Debts written off to
Gross Loan Assets
Q3 FY 2021 Q3 FY 2020 Q2 FY 2021 Q1 FY 2021 9M FY 2021 9M FY 2020 FY 2020
27
329
10
28
65
495
599
0.005
0.09
0.002
0.01
0.01
0.13
0.14
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