Bajaj Finserv Limited · NSE:BAJAJFINSV
Bajaj Finserv — Bajaj Finance — Q1 FY26 Earnings Presentation
62 slides from Bajaj Finserv's earnings presentation, Jul 24, 2025
Slide 1: Q1 FY26 Investor Presentation 24 July 2025
Q1 FY26 Investor Presentation 24 July 2025
Slide 2: Presentation Path
Presentation Path Section 01 Section 02 Section 03 Section 04 Executive summary – Q1 FY26 Executive summary – Bajaj Finance Limited Financial performance - Asset liability Q1 FY26 overview Q1 FY26 management 3 14 28 33 Section 05 Section 06 Section 07 Section 08 Customer franchise Business segment U
Slide 3: Section 01 Executive summary – Q1 FY26
Section 01 1.1 Quarter gone by Executive summary – Q1 FY26 1.2 Lead financial indicators 3
Slide 4: Q1 FY26 Executive summary - Consolidated
Q1 FY26 Executive summary - Consolidated A good quarter on volume, AUM, Opex, profitability, ROA and ROE. Credit cost remained elevated. Delivered AUM growth of ₹ 24,789 crore to ₹441,450 crore, booked 13.49 MM new loans and added 4.69 MM new customers. Customer franchise stood at 106.51 MM. FY26 wi
Slide 5: Lead financial indicators – Q1 FY26 (1/3)
Lead financial indicators – Q1 FY26 (1/3) Balance sheet and business metrics 1. AUM was up 25% to ₹ 441,450 crore as against ₹ 354,192 crore as of 30 June 2024. 2. AUM grew by ₹ 24,789 crore in Q1 FY26. 3. New loans booked were at 13.49 MM in Q1 FY26 as against 10.97 MM in Q1 FY25, recording a growt
Slide 6: Lead financial indicators – Q1 FY26 (2/3)
Lead financial indicators – Q1 FY26 (2/3) Operating efficiencies 11. Net interest income grew by 22% to ₹ 10,227 crore as against ₹ 8,365 crore in Q1 FY25. 12. Net total income grew by 21% to ₹ 12,610 crore as against ₹ 10,418 crore in Q1 FY25. 13. Opex to Net total income improved to 32.7% as again
Slide 7: Lead financial indicators – Q1 FY26 (3/3)
Lead financial indicators – Q1 FY26 (3/3) 21. The Company is observing improvement in early vintages across all portfolios except MSME. 22. GNPA & NNPA stood at 1.03% & 0.50%, respectively, as of 30 June 2025 as against 0.86% & 0.38% as of 30 June 2024, amongst the lowest in the industry. Profitabil
Slide 8: Update on leadership change
Update on leadership change 1. On 21 July 2025, Anup Saha tendered his resignation as MD and Director of BFL for personal reasons. The Board, upon the recommendation of NRC, noted and accepted the resignation effective 21 July 2025. The Board placed on record its sincere appreciation for Anup’s valu
Slide 9: Q1 FY26 Executive summary - BHFL
Q1 FY26 Executive summary - BHFL A balanced quarter with AUM growth of 24% driven by moderation in real estate market and intense competitive pricing resulting in higher attrition. PAT grew by 21% and delivered ROA of 2.3% in line with Q1 FY25. Asset quality remained healthy with GNPA at 0.30%, NNPA
Slide 10: Lead financial indicators – Q1 FY26 (1/2)
Lead financial indicators – Q1 FY26 (1/2) BHFL - Balance sheet and geography 1. AUM was up 24% at ₹ 120,420 crore as against ₹ 97,071 crore as of 30 June 2024. 2. Home loans AUM grew by 21%, Loan against property grew by 30%, Lease rental discounting grew by 29%, Developer finance grew by 32%. 3. Po
Slide 11: Lead financial indicators – Q1 FY26 (2/2)
Lead financial indicators – Q1 FY26 (2/2) BHFL - Operating efficiencies 10. Net interest income grew by 33% to ₹ 887 crore as against ₹ 665 crore in Q1 FY25. 11. Net total income grew by 25% to ₹ 1,012 crore as against ₹ 810 crore in Q1 FY25. 12. Opex to Net total income improved to 21.2% as against
Slide 12: Q1 FY26 Executive summary - BFSL
Q1 FY26 Executive summary - BFSL Good quarter on AUM, PAT and new customer addition. Delivered AUM of ₹ 6,098 crore, PAT grew by 37% and added 77K customers to its franchise in Q1 FY26. Retail and HNI customer franchise stood at 10.56 lacs as of 30 June 2025. AUM Net total PBT PAT Customer income fr
Slide 13: Lead financial indicators – Q1 FY26 (1/1)
Lead financial indicators – Q1 FY26 (1/1) Bajaj Broking – Customer franchise, geography and balance sheet 1. Added 77K customers to its franchise in Q1 FY26 against 57k in Q1 FY25. 2. Retail and HNI customer franchise stood at 10.56 lacs as of 30 June 2025 against 7.56 lacs as of 30 June 2024. 3. Ge
Slide 14: Section 02
2.1 Bajaj group structure 2.2 What do we stand for 2.3 Key strategic differentiators Section 02 2.4 Our shareholder profile Bajaj Finance Limited BFL Consolidated 18-years financial overview 2.5 snapshot 2.6 BHFL 8-years financial snapshot 2.7 Product suite 2.8 Executive summary 14
Slide 15: Bajaj group structure
Bajaj group structure Bajaj Holdings & Investment Ltd (BHIL) (Listed) 1 2 3 1 51% 38.35% 34.21% Bajaj Auto Ltd Maharashtra Scooters Ltd. Bajaj Finserv Ltd (Listed) (Listed) (Listed) Auto business arm Unregistered CIC Financial services arm 74% 80.10% 100% 74% 51.39% 4 Bajaj Finance Ltd Bajaj Allianz
Slide 16: What do we stand for
What do we stand for A diversified non-bank with a deposit taking license Focused on mass and affluent segments, leveraging cross-sell to drive lifetime value Diversified financial services strategy with an optimal mix of risk and profit to deliver a resilient business model Business construct is to
Slide 17: BFL Consolidated long-term guidance on financial metrics
BFL Consolidated long-term guidance on financial metrics AUM growth Profit growth GNPA in corridor of in corridor of in corridor of 25%-27% 23%-24% 1.2%-1.4% NNPA Return on assets Return on equity in corridor of in corridor of in corridor of 0.4%-0.5% 4.3%-4.7% 19%-21% 17
Slide 18: Key strategic differentiators
Key strategic differentiators Part of the Bajaj group – one of the oldest & most A trusted brand with strong brand equity respected business houses Focus on mass and affluent segments Total customer franchise of 106.51 MM Strong focus on cross selling assets, payments, insurance Highly data oriented
Slide 19: Our shareholder profile
Our shareholder profile Top 20 investors and their holdings As on 30 As on 31 As on 30 S.N.o Name of Shareholder Jun 24 Mar 25 Jun 25 1 BAJAJ FINSERV LTD 51.34% 51.39% 51.39% FII & FPI 2 MAHARASHTRA SCOOTERS LIMITED 3.07% 3.05% 3.05% 21.71% 3 GOVERNMENT OF SINGAPORE 3.29% 2.53% 2.41% 4 LIFE INSURANC
Slide 20: 18-years financial snapshot - Consolidated
18-years financial snapshot - Consolidated ₹ in crore CAGR Financials snapshot @ FY08 FY09 FY10 FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 (18 yrs.) Loans booked (MM) 1.0 0.6 0.9 1.6 2.2 2.8 3.4 4.9 6.8 10.1 15.3 23.5 27.4 16.9 24.7 29.6 36.2 43.4 25% Customer franchi
Slide 21: 8-years financial snapshot – BHFL
8-years financial snapshot – BHFL ₹ in crore CAGR Financials snapshot FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 (8 yrs.) AUM (₹ ‘000 Cr) 3.57 17.56 32.70 38.87 53.32 69.23 91.37 114.68 64% Total income 106 1,156 2,646 3,155 3,767 5,665 7,617 9,576 90% Interest expenses 47 685 1,616 1,966 2,155 3,211 4
Slide 22: Product suite
Product suite BAJAJ FINANCE LIMITED Partnership & Consumer MSME Commercial Rural Deposits Payments Services 1. Consumer Durable Loans 1. Unsecured Working 1. Loan against securities 1. Consumer Durable 1. Retail Term Issuance 1. Life Insurance 2. Digital Product Loans Capital Loans 2. IPO financing
Slide 23: Executive summary – Bajaj Finance
Executive summary – Bajaj Finance • Focused on Urban, Rural, MSME, Commercial and Payments businesses • Strategic business unit organisation design supported by horizontal common utility functions to drive domain expertise, scalability and operating leverage • Leveraging AI, digital transformation,
Slide 24: Executive summary – Bajaj Finance
Executive summary – Bajaj Finance • Offers unsecured working capital loans to MSME and self-employed professionals • Secured offerings include enterprise loans against property MSME Business • Focused on accelerating used car financing business • Focused on affluent MSMEs with established financials
Slide 25: Executive summary – Bajaj Housing Finance
Executive summary – Bajaj Housing Finance • Subsidiary of Bajaj Finance Limited • Independent organization design having all dedicated functions and units to drive domain expertise, scalability and operating leverage • Offers full range of mortgage products such as home loans, loan against property
Slide 26: Executive summary – Bajaj Housing Finance
Executive summary – Bajaj Housing Finance • Offers LRD to high net-worth individuals and developers against commercial property leased to corporate lessees • Offers construction finance for commercial properties to existing LRD customers Lease Rental • LRD transactions are backed by rentals through
Slide 27: Executive summary – Bajaj Financial Securities
Executive summary – Bajaj Financial Securities • A 100% subsidiary of Bajaj Finance Limited • Offers a wide range of capital market products - Broking, Depositary services, Margin Trade Financing, ESOP Financing, IPOs and Distribution of Mutual Funds, PMS, and AIF. Overview • Broking business caters
Slide 28: Section 03
3.1 Financial statement summary – Consolidated Section 03 3.2 Financial statement summary – Bajaj Finance Limited Financial performance— Financial statement summary – Q1 FY26 3.3 Bajaj Housing Finance Limited 3.4 Financial statement summary – Bajaj Financial Securities Limited 28
Slide 29: Financial summary – Consolidated
Financial summary – Consolidated ₹ in Crore Financials snapshot Q1 FY26 Q1 FY25 Y-o-Y FY25 FY24 Y-o-Y Assets under management 4,41,450 3,54,192 25% 4,16,661 3,30,615 26% Assets under finance 4,32,458 3,49,679 24% 4,07,844 3,26,293 25% Interest income 17,145 14,049 22% 61,164 48,307 27% Interest expe
Slide 30: Financial summary – Bajaj Finance
Financial summary – Bajaj Finance ₹ in Crore Financials snapshot Q1 FY26 Q1 FY25 Y-o-Y FY25 FY24 Y-o-Y Assets under management 3,25,438 2,61,828 24% 3,08,832 2,44,826 26% Asset under finance 3,20,705 2,60,012 23% 3,04,359 2,43,334 25% Interest income 14,491 11,849 22% 51,549 40,783 26% Interest expe
Slide 31: Financial summary – Bajaj Housing Finance
Financial summary – Bajaj Housing Finance ₹ in Crore Financials snapshot Q1 FY26 Q1 FY25 Y-o-Y FY25 FY24 Y-o-Y Assets under management 1,20,420 97,071 24% 1,14,684 91,370 26% Assets under Finance 1,05,954 85,283 24% 99,513 79,301 25% Interest income 2,493 2,064 21% 8,986 7,202 25% Interest expenses
Slide 32: Financial summary – Bajaj Financial Securities
Financial summary – Bajaj Financial Securities ₹ in Crore Financials snapshot Q1 FY26 Q1 FY25 Y-o-Y FY25 FY24 Y-o-Y Assets under finance 6,098 4,390 39% 4,505 3,817 18% Interest income 153 134 14% 609 318 92% Interest expenses 90 86 5% 360 206 75% Net interest income 63 48 31% 249 112 122% Fees and
Slide 33: Section 04
Conservative leverage standards – 4.1 Consolidated 4.2 Resilient business model – Consolidated Section 04 4.3 Behaviouralized ALM – Bajaj Finance Limited Asset liability management 4.4 Behaviouralized ALM – Bajaj Housing Finance Limited 4.5 Disciplined ALM Management – Bajaj Finance Limited 4.6 Cons
Slide 34: Conservative leverage standards
Conservative leverage standards 7.0 7.0 7.0 7.0 7.0 7.0 7.0 7.0 7.0 7.0 7.0 7.0 6.6 6.3 28.3% 27.2% 25.0% 25.0% 24.7% 25.1% 24.8% 23.2% 22.5% 21.7% 21.9% 22.0% 5.4 21.3% 21.7% 21.6% 21.5% 21.1% 21.2% 5.1 20.7% 20.9% 20.8% 20.7% 5.1 4.9 4.9 20.3% 19.7% 4.7 4.9 4.7 4.7 4.7 4.7* 16.3% 14.6% 5.7% 5.0% 4
Slide 35: Resilient business model – Consolidated
Resilient business model – Consolidated 46.5% 41.8% 42.5% 41.4% 38.4% 37.8% 36.0% 35.3% 35.4% 34.6% 34.0% 33.3% 33.2% 33.1% 33.1% 32.7% 30.7% 35.1% 33.5% 28.9% 27.2% 27.3% 28.0% 26.4% 26.2% 26.9% 9.00% 8.24% 8.27% 8.39% 7.84% 7.74% 7.94% 7.97% 7.96% 7.99% 7.79% 6.81% 7.04% 5.3% 5.1% 4.6% 4.5% 4.5% 4
Slide 36: Behaviouralized ALM as of Jun 2025 – BFL
Behaviouralized ALM as of 30 Jun 2025 – BFL ₹ in Crore Particulars, 1-7 D 8-14 D 15-30 D >1-2 M >2-3 M >3-6 M >6 M-1 Y >1-3 Y >3-5 Y >5 Y Total Cash & Investments 13,899 0 9,605 996 645 2,890 2,185 3,855 139 12,163 46,378 Advances 11,770 2,836 7,116 17,683 15,593 38,083 60,014 1,19,156 35,846 23,854
Slide 37: Behaviouralized ALM as of Jun 2025 – BHFL
Behaviouralized ALM as of 30 Jun 2025 – BHFL ₹ in Crore Particulars 1-7 D 8-14 D 15-30 D >1-2 M >2-3 M >3-6 M >6 M-1 Y >1-3 Y >3-5 Y >5 Y Total Cash & Investments 101 131 598 - 400 378 1,098 256 371 - 3,333 Advances 1,133 424 1,233 2,187 2,124 6,100 10,755 30,619 17,953 33,426 1,05,954 Other inflows
Slide 38: Disciplined ALM Management - BFL
Disciplined ALM Management - BFL Cumulative gap upto 1 month Cumulative gap upto 12 month 220% 216% 119% 120% 118% 93% 85% 96% 75% 61% 80% 81% 69% 59% 56% 71% 51% 72% 60% 65% 57% 54% 57% 50% 31% 43% 32% 31% Mar'16 Mar'17 Mar'18 Mar'19 Mar'20 Mar'21 Mar'22 Mar'23 Mar'24 Jun'24 Sept'24 Dec'24 Mar'25 J
Slide 39: Consolidated liability mix
Consolidated liability mix 3% 4% 3% 1% 2% 2% 4% 4% 4% 4% 5% 3% 10% 12% 13% 5% 9% 7% 8% 13% 9% 9% 3% 14% 12% 10% 3% 2% 2% 7% 6% 4% 1% 1% 1% 1% 1% 1% 38% 36% 34% 35% 40% 32% 34% 37% 37% 36% 35% 40% 40% 45% 33% 30% 36% 31% 30% 29% 29% 28% 28% 26% 48% 34% 35% 25% 20% 19% 21% 21% 20% 20% 20% 20% 19% 17%
Slide 40: Section 05
5.1 Customer franchise Section 05 5.2 Product per customer Customer franchise and distribution reach 5.3 Geographic presence 5.4 Strong distribution reach 40
Slide 41: Customer franchise
Customer franchise Q1 FY25 Q1 FY26 Q4 FY25 Total Franchise 106.51 101.82 88.11 MM MM MM 73.28 MM Credit segment filter 88.48 MM 83.77 MM 70.88 MM Overall Cross sell franchise 85.41 MM 80.86 MM Non delinquent 62.98 MM customers 76.15 MM 72.60 MM Cross sell franchise 55.14 MM 67.77 MM 64.45 MM (62.6%)
Slide 42: Product Per Customer (PPC)
Product Per Customer (PPC) Product Per Customer (PPC) is a business metric used to determine average number of products or services (active or closed) a customer has availed over the lifetime with BFL. Product offerings are classified into 4 product segments: 1. Lending: All lending products of the
Slide 43: Geographic presence
Geographic presence 31 Mar 31 Mar 30 Jun 30 Sep 31 Dec 31 Mar 30 Jun Geographic Presence 2023 2024 2024 2024 2024 2025 2025 Urban lending locations 1,392 1,569 1,585 1,596 1,599 1,582 1,544 Rural lending locations 2,341 2,576 2,617 2,649 2,660 2,681 2,648 Total Bajaj Finance presence 3,733 4,145 4,2
Slide 44: Strong distribution reach
Strong distribution reach Active distribution 30 Jun 2022 30 Jun 2023 30 Jun 2024 30 Sep 2024 31 Dec 2024 31 Mar 2025 30 Jun 2025 Consumer durable stores – Urban 31,000+ 36,850+ 44,200+ 45,300+ 47,000+ 49,400+ 51,650+ Consumer durable stores – Rural 31,500+ 39,850+ 53,050+ 56,650+ 59,350+ 62,700+ 64
Slide 45: Section 06
Section 06 6.1 Business segment wise AUM - Consolidated Business segment wise AUM 6.2 Business segment wise AUM – Consolidated Mortgages and BHFL 45
Slide 46: Business segment wise AUM - Consolidated
Business segment wise AUM - Consolidated ₹ in Crore Consolidated BFL BHFL Consolidated Composition Composition Growth % Change Particulars as of as of as of as of as of as of YoY YoY 30 Jun 2024 30 Jun 2025 30 Jun 2025 30 Jun 2025 30 Jun 2024 30 Jun 2025 Mortgages 1,09,671 27,890 1,18,703 1,36,377 2
Slide 47: Business segment wise AUM - Mortgages
Business segment wise AUM - Mortgages ₹ in Crore Composition Composition AUM as of AUM as of Growth Particulars as of as of 30 Jun 24 30 Jun 25 YoY 30 Jun 24 30 Jun 25 Consolidated mortgages Home Loans 57,022 68,305 20% 52.0% 50.1% Loan Against Property 21,796 28,627 31% 19.9% 21.0% Lease Rental Dis
Slide 48: Section 07
7.1 Provisioning Coverage - Consolidated 7.2 Stagewise ECL provisioning – Consolidated Section 07 7.3 Provisioning Coverage - BHFL Update on credit quality 7.4 Stagewise ECL provisioning - BHFL 7.5 Portfolio credit quality - Consolidated 48
Slide 49: Provisioning Coverage - Consolidated
Provisioning Coverage - Consolidated ₹ in Crore AUM PCR GNPA % NNPA % Particulars GNPA NNPA 30 Jun 25 (%) 30 Jun 24 31 Mar 25 30 Jun 25 30 Jun 24 31 Mar 25 30 Jun 25 Two and Three-wheeler Finance 15,703 1,051 581 45% 3.41% 5.03% 6.38% 1.85% 2.78% 3.63% Urban Sales Finance 32,839 198 41 79% 0.53% 0.5
Slide 50: Stagewise ECL provisioning - Consolidated
Stagewise ECL provisioning - Consolidated ₹ in Crore Gross Assets Receivable ECL Provision PCR % Particulars Stage 1 Stage 2 Stage 3 Stage 1 Stage 2 Stage 3 Stage 1 Stage 2 Stage 3 Two & Three-wheeler Finance 14,255 1,161 1,051 153 142 470 1.07% 12.23% 44.72% Urban Sales Finance 32,794 369 198 191 1
Slide 51: Provisioning Coverage - BHFL
Provisioning Coverage - BHFL ₹ in Crore AUM PCR GNPA % NNPA % Particulars GNPA NNPA 30 Jun 25 (%) 30 Jun 24 31 Mar 25 30 Jun 25 30 Jun 24 31 Mar 25 30 Jun 25 Home Loans 67,255 234 105 54.98% 0.28% 0.34% 0.36% 0.12% 0.13% 0.16% Loan Against Property 12,633 57 27 52.22% 0.71% 0.65% 0.61% 0.31% 0.31% 0
Slide 52: Stagewise ECL provisioning - BHFL
Stagewise ECL provisioning - BHFL ₹ in Crore Gross Assets Receivable ECL Provision PCR % Particulars Stage 1 Stage 2 Stage 3 Stage 1 Stage 2 Stage 3 Stage 1 Stage 2 Stage 3 Home Loans 63,889 274 234 108 60 129 0.17% 22.04% 54.98% Loan Against Property 9,177 77 57 60 18 30 0.66% 22.63% 52.22% Lease R
Slide 53: Portfolio credit quality – Consolidated
Portfolio credit quality – Consolidated Consumer Durable & Lifestyle Two & Three-Wheeler Stage 1st Bucket 2nd Bucket 3rd Bucket 4th Bucket 5th Bucket Stage 1st Bucket 2nd Bucket 3rd Bucket 4th Bucket 5th Bucket 5+ Bucket 1 98.65% 99.59% 99.44% 99.38% 99.45% 99.46% 99.36% 99.40% 99.46% 1 86.00% 93.28
Slide 54: Portfolio credit quality – Consolidated
Portfolio credit quality – Consolidated Business & Professional loans Rural B2B 1st Bucket 2nd Bucket 3rd Bucket 4th Bucket 5th Bucket 1st Bucket 2nd Bucket 3rd Bucket 4th Bucket 5th Bucket Stage Stage 1 99.01% 99.25% 99.07% 98.77% 98.72% 98.63% 98.67% 98.55% 98.25% 1 99.33% 99.64% 99.62% 99.62% 99.
Slide 55: Portfolio credit quality – Consolidated
Portfolio credit quality – Consolidated Car loans Gold loans Stage 1st Bucket 2nd Bucket 3rd Bucket 4th Bucket 5th Bucket 5+ Bucket Stage 1st Bucket 2nd Bucket 3rd Bucket 4th Bucket 5th Bucket 5+ Bucket 1 1 98.09% 99.40% 99.27% 99.03% 98.79% 98.72% 98.64% 98.64% 98.50% 97.93% 96.01% 97.94% 96.14% 95
Slide 56: Portfolio credit quality – Consolidated
Portfolio credit quality – Consolidated Commercial Lending LAS Stage 1st Bucket 2nd Bucket 3rd Bucket 4th Bucket 5th Bucket 5+ Bucket Stage 1st Bucket 2nd Bucket 3rd Bucket 4th Bucket 5th Bucket 5+ Bucket 1 99.79% 99.79% 99.83% 99.88% 99.89% 99.94% 99.95% 99.95% 98.91% 1 100.00% 99.99% 100.00% 100.0
Slide 57: Section 08 Omnipresence metrics
Omnipresence metrics Section 08 8.1 Omnipresence summary 8.2 Customer franchise - overview Key financial metrics 57
Slide 58: Omnipresence metrics - Strong growth momentum across Geography and Digital metrics
Omnipresence metrics - Strong growth momentum across Geography and Digital metrics Particulars Unit Q1 FY25 Q4 FY25 Q1 FY26 YoY Geography New locations added # 57 04 (71) NA Locations - Cumulative # 4,202 4,263 4,192 (0.2%) Standalone Gold loan branches – Cumulative # 692 964 1,049 52% App + Web Met
Slide 59: Omnipresence metrics - Strong growth momentum across Geography and Digital metrics
Omnipresence metrics - Strong growth momentum across Geography and Digital metrics Particulars Unit Q1 FY25 Q4 FY25 Q1 FY26 YoY App + Web business metrics EMI cards acquired # in MM 0.14 0.25 0.16 14% Personal loan disbursed In ₹ Cr 4,355 4,798 5,086 15% Gold loan origination In ₹ Cr 561 597 820 46%
Slide 60: Customer franchise - Key financial metrics
Customer franchise - Key financial metrics Q1 Q1 Particulars @ Unit FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 YoY FY25 FY26 New loans booked In MM 15.3 23.5 27.4 16.9 24.7 29.6 36.2 43.4 10.97 13.49 23% New customer addition In MM 6.1 8.3 8.1 6.0 9.0 11.6 14.5 18.2 4.47 4.69 5% Existing customer mix %
Slide 61: Disclaimer
Disclaimer This presentation has been prepared by and is the sole responsibility of Bajaj Finance Limited (together with its subsidiaries, referred to as the “Company” or “Bajaj Finance”. By accessing this presentation, you are agreeing to be bound by the trailing restrictions. This presentation doe
Slide 62: Glossary
Glossary Abbreviation Expansion Abbreviation Expansion ALM Asset liability management LRD Lease rental discounting AMO After market order MF Mutual funds AR Augmented reality MFI Microfinance ASSC Authorised sales & support centre MSME Micro, Small & Medium Enterprises AUM Assets under management MT