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Business Update
B FINSERV
BAJAJ
In Q1 FY24, liquidity coverage ratio remains comfortable at 129.37%, above regulatory requirement of 60%.
Opex to NII improved to 24.1% in Q1 FY24 as against 26.8% in Q1 FY23.
GNPA at 0.23% as of 30 June 2023 (0.27% as of 30 June 2022) as against 0.22% as of 31 March 2023, an
increment of 1 bps sequentially. NNPA remained at 0.08% as of 30 June 2023 with provisioning coverage ratio
at 66%.
>> Impairment of financial instruments for the quarter was ₹ 7 crore as against 7 crore in Q1 FY23. The Company
continue to hold management overlay provision of 224 Cr as of 30 June 2023.
Overall stage 2 exposure stood at 346 Cr as of 30 June 2023 as against 360 Cr as of 31 March 2023.
Overall stage 3 exposure stood at 152 crore as of 30 June 2023 as against 137 crore as of 31 March 2023.
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