Investor Presentaiton
Lead financial indicators (2/5)
Liquidity and cost of fund
BAJAJ FINANCE LIMITED
10. Deposits book grew by 46% YoY and stood at $ 6,091 MM as of 30 June 2023. In Q1, net deposit growth was $ 644 MM.
Deposits contributed to 21% of consolidated borrowings as of 30 June 2023.
Operating efficiencies
11. In Q1, Net interest income (NII) grew by 26% to $ 1,024 MM as against $ 810 MM in Q1 FY23.
12. In Q1, Opex to NII improved to 34.0% versus 35.9% in Q1 FY23.
13. Employee headcount stood at 46,567 (BFL, BHFL & BFSL) as of 30 June 2023. Company added 3,420 employees in Q1.
Annualized attrition in Q1 FY24 was 13.8% as against 14.5% in Q1 FY23.
Credit cost
14. In Q1, loan losses & provisions were $ 121 MM. The Company holds a management & macro-economic overlay of $ 102 MM
as of 30 June 2023. The Company released $ 15 MM from the overlay in Q1.
15. Lowest ever GNPA of 0.87% and NNPA of 0.31% as of 30 June 2023 as against 1.25% and 0.51% as of 30 June 2022.
16. Stage 3 assets stood at $ 286 MM as of 30 June 2023 as against $ 310 MM as of 30 June 2022.
17. Risk metrics across all businesses were strong except Rural B2C business. The Company has taken risk actions in Rural B2C
business resulting in muted growth in Q1.
6View entire presentation