Bajaj Finserv - Covid-19 Update and Business Continuity Plan
BFL: Growth aided by low NPA and control on Opex
B
BAJAJ
FINSERV
40,000
35,000
Loss Provision and Net NPA%
39,295
2.00%
30,000
25,000
20,000
16,857
15,014
0.64%
15,000
10,000
0.63%
0.65%
5,507
5,000
0.5%
0
0.00%
FY19
FY20
Q1 FY20
Q1 FY21
Net NPA %*
I Loss Provision (Rs. millions)
Operating expenses as a % of NII
All Figures in Rs Million
Loan losses and provisions (expected credit loss) for Q1
FY21 was Rs. 1,686 Cr as against Rs. 551 Cr in Q1 FY20.
Adjusted for Covid-19 provision, loan losses and
provisions for Q1 FY21 was Rs. 236 Cr.
Gross NPA & Net NPA as of 30 June 2020 stood at 1.4%
and 0.5% respectively, as against 1.60% and 0.64% as of
30 June 2019. The provisioning coverage ratio as of 30
June 2020 was 65%.
Standard assets provisioning (ECL stage 1 and 2) stood
at 273 bps including contingency provision for COVID-19
and 101 bps excluding contingency provision
FY20
Increase of 32%
PAT
52,637
39,950
35.3%
33.5%
35.0%
27.9%
FY19
FY20
Q1 FY20
Q1 FY21
FY19
FY20
Q1 FY21 de growth
of 19%
11,953
9,623
Q1 FY20
Q1 FY21
*Net NPA, recognized as per extant RBI prudential norms and provisioned as per Expected Credit Loss (ECL) method prescribed in Ind AS.
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