BHFL Strengths and Mortgage Products Overview
Business Update
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BAJAJ
FINSERV
GNPA and NNPA stood at 0.35% and 0.22 % as on 31st March'21. In addition, company had a One-time restructured pool
(as per RBI guidelines) of 1.53% of book. The same has been classified as Stage-2 in books due to elevated risk and
company has adequately provided for in the portfolio for any future contingency arising out of the OTR pool.
Company has a management overlay of Rs 166 crores as on March 21, besides higher provision on OTR pool to meet any
unforeseen eventuality from Covid impact on portfolio.
The incremental cost of borrowings for company has come down significantly in Q3 and Q4 for the company and with
repricing of existing lines. Overall cost of funds have come down significantly enabling company to compete on pricing in
market.
Company continued to maintain higher liquidity in March end in view of second Covid wave.
Commercial portfolios of the company i.e., Developer Finance and Lease Rental Discounting have demonstrated
immaculate portfolio performance in pandemic
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