Bajaj Finance Limited · NSE:BAJFINANCE
Bajaj Finance — Q3 FY23 Earnings Presentation
72 slides from Bajaj Finance's earnings presentation, Jan 27, 2023
Slide 1: Bajaj Finance Limited – Exchange Filing Cover Letter
BAJAJ FINANCE LIMITED 27 January 2023 THE MANAGER, THE MANAGER, BSE LIMITED LISTING DEPARTMENT DCS - CRD NATIONAL STOCK EXCHANGE OF INDIA PHIROZE JEEJEEBHOY TOWERS LTD. EXCHANGE PLAZA, C-1. BLOCK G, DALAL STREET, BANDRA - KURLA COMPLEX, BANDRA MUMBAI - 400 001 (EAST) MUMBAI - 400 051 SCRIP CODE: 500
Slide 2: Q3 FY23 Investor Presentation
Q3 FY23 Investor Presentation 27 January 2023
Slide 3: Presentation Path
Presentation Path Section 01 Section 03 Section 05 Section 07 Executive Financial Customer franchise Update on summary – Q3 performance – Q3 and distribution credit quality FY23 3 FY23 31 reach 42 48 Section 02 Section 04 Section 06 Bajaj Finance Asset liability Business segment wise Limited overvie
Slide 4: Section 01: Executive summary – Q3 FY23
1.1 Quarter gone by Section 01 1.2 Lead financial indicators Executive summary – Q3 FY23 1.3 Omnipresence strategy update 1.4 Update on LRS strategy 2023-27 3
Slide 5: Executive summary
Executive summary Good quarter across all financial and portfolio metrics albeit marginally lower AUM growth. On track to deliver ₹ 52-53K crore of core AUM growth in FY23. Q3 witnessed highest ever loans booked and new customer addition. Crossed 31 MM net users on the App. Phase 2 of Consumer App h
Slide 6: Lead financial indicators
Lead financial indicators Consolidated performance 1. AUM growth of ₹ 12,476 crore in Q3. AUM growth was slower in mortgages due to intense pricing pressures. 2. AUM was up 27% at ₹ 2,30,842 crore as against ₹ 1,81,250 crore as of 31 December 2021. 3. New loans booked in Q3 were highest ever at 7.84
Slide 7: Lead financial indicators
Lead financial indicators 11. Deposits book stood at ₹ 42,984 crore as of 31 December 2022. In Q3, the net deposit growth was ₹ 3,562 crore. Deposits contributed 21% of consolidated borrowings as of 31 December 2022. The Company is on track to deliver its goal of 25% of consolidated borrowings from
Slide 8: Lead financial indicators
Lead financial indicators 22. Total employee headcount stood at 40,708 (BFL, BHFL and BFSL) as of 31 December 2022. 23. During the quarter, the Company acquired approximately 41.5% stake (on fully diluted basis) in Snapwork Technologies Private Limited for ₹ 92.74 crore with an intent of strengtheni
Slide 9: Lead financial indicators
Lead financial indicators 35. GNPA & NNPA stood at 0.23% and 0.10% as of 31 December 2022 as against 0.24% and 0.11% as of 30 September 2022. 36. Overall stage 2 assets stood at ₹ 394 crore as of 31 December 2022 as against ₹ 438 crore as of 30 September 2022. Non overdue one-time resolution (OTR) a
Slide 10: Omnipresence strategy update
Omnipresence strategy update 9
Slide 11: Omnipresence strategy update
Omnipresence strategy update Geography – 29 new locations added 1. Total geographic footprint stood at 3,714 locations and 1,43,900+ distribution points. The Company added 29 new locations and 600+ distribution points. App platform – To go fully digital across all products and services 2. Phase 1 of
Slide 12: Omnipresence strategy update
Omnipresence strategy update Payments 7. Sprint 2 is now live on Play Store and will be scaled up in staggered release methodology. This release will provide enhanced experience on UPI registration and payments transactions enabled through direct API with PSP Bank, PPI interoperability through UPI r
Slide 13: Omnipresence strategy – disciplined execution and continued progress on all metrics
Omnipresence strategy – disciplined execution, rapid adoption in all processes of the Company and continued progress on all metrics Particulars Unit Q1 FY23 Q2 FY23 Q3 FY23 FY23 estimates Geography New locations added – in the Qtr # 82 99 29 400-450 Locations - Cumulative # 3,586 3,685 3714 3,900-3,
Slide 14: Omnipresence strategy – disciplined execution and continued progress on all metrics
Omnipresence strategy – disciplined execution, rapid adoption in all processes of the Company and continued progress on all metrics Particulars Unit Q1 FY23 Q2 FY23 Q3 FY23 FY23 estimates App business metrics EMI cards acquired on App – In the Qtr # in ‘000 69 100 100 300-325 Personal loan disbursed
Slide 15: Customer franchise - Key financial metrics
Customer franchise - Key financial metrics Particulars Unit FY17 FY18 FY19 FY20 FY21 FY22 9M FY22 9M FY23 New loans booked In MM 10.1 15.3 23.5 27.4 16.9 24.7 18.4 22.0 New customer addition In MM 4.1 6.1 8.3 8.1 6.0 9.0 6.8 8.5 Existing customer mix % 59.8% 60.3% 64.8% 70.4% 64.6% 63.5% 63.0% 61.4%
Slide 16: Update on Long Range Strategy 2023-27
Update on Long Range Strategy 2023-27 15
Slide 17: Long Range Strategy (LRS) framework
Long Range Strategy (LRS) framework LRS is an annual 5 year rolling strategy planning process with an execution plan of 12-24 months. As part of LRS, the Company analyses macro, industry outlook, technology megatrends, business megatrends and selects a leading benchmark company to learn from. A roll
Slide 18: BFL business construct – Ambition, Strategy, Approach
BFL business construct… 1 To be a leading payments and financial services company in India. Dominate with 100 MM consumers, market share of 3% of payments Ambition GMV, 3-4% of total credit and 4-5% of retail credit in India. 2 To be an omnipresent financial services company dominant across all Stra
Slide 19: BFL business construct – Philosophy, Market share, Profit share
BFL business construct… 4 To build businesses with a 10 year view anchored on prudence and risk Philosophy management to deliver ‘through the cycle’ 19–21% shareholder returns. 5 Every business of the company to be amongst top 5 in their respective Market share product. 6 To be amongst top 20 profit
Slide 20: India's total credit market forecast to grow to ₹237 lakh crore
India’s total credit market is forecasted to grow from ₹ 149 lakh crore to ₹ 237 lakh crore, at an average in ₹ lakh crore growth rate of 12.4% 12.4% 237.1 212.5 188.9 9.5% 168.0 148.7 118.6 126.6 105.8 110.8 93.8 79.9 83.5 66.4 73.2 58.7 FY13 FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23(E) FY2
Slide 21: India's retail credit mix forecast to remain steady
India’s retail credit mix is forecasted to remain steady. BFL is currently not present in 28% of retail credit categories namely Auto, CV & Agri 18% 18% 16% 16% 19% 19% 16% 18% 18% 18% 19% 19% 17% 18% 21% 1% 1% 2% 2% 1% 1% 4% 4% 2% 2% 6% 2% 2% 2% 2% 2% 3% 1% 5% 5% 4% 4% 4% 5% 5% 5% 4% 4% 4% 4% 5% 4%
Slide 22: 15 megatrends from a long-range perspective
15 megatrends from a long-range perspective Technology (5) Platform Product Augmented reality (4) (4) Social as a platform Pre-owned Data privacy India stack Rewards as a Monetizing digital CX – Customer (2) platform assets experience practice UPI as open Account Aggregator Offline to Online Vernacu
Slide 23: Strategic construct – 5 blocks of strategy
Strategic construct – 5 blocks of strategy 1 Products (12) 2 Geography (3) Be amongst the top 5 players in each product line जह ाँ वह ाँ के स रे products Megatrends – Pre-owned, UPI as Open architecture Megatrends – Win U.P, Bihar and North East New Product Lines– Auto, MFI, Tractor, CV, Domestic -
Slide 24: LRS 2023-27 execution plan
LRS 2023-27 execution plan 1. Launched Loan Against Property (LAP) business in BFL for MSME customers in January 2023. 2. Launched Bajaj+ in January 2023. 3. Launch New Auto Loans in Q2 FY24, Micro Finance in Q4 FY24 and Tractor financing in Q1 FY25. 4. Launch Emerging corporate business in Q3 FY24.
Slide 25: LRS Outcomes
LRS Outcomes Sr. No. Basic construct Target Metric 9M FY23 FY27 (E) 1 Customer Franchise (MM) 100 66.1 110-120 2 Cross-sell Franchise (MM) 60 38.6 65-70 3 India payments GMV 3% 0.03% 1-1.25% 4 Share of total credit 3-4% 1.61% 2.5-2.75% 5 Share of retail credit 4-5% 2.47% 3.5-3.75% 6 Location presenc
Slide 26: Abstract of rolling Long Range Strategy to be published annually
Henceforth, we will be publishing an abstract of rolling Long Range Strategy and an update along with Q3 results every year… 25
Slide 27: Section 02: Bajaj Finance Limited overview
2.1 Bajaj group structure 2.2 What do we stand for 2.3 BFL - Consolidated long-term guidance on financial metrics BHFL long-term guidance on Section 02 2.4 financial metrics Bajaj Finance Limited 2.5 Key strategic differentiators overview 2.6 Our shareholder profile 2.7 15-years financial snapshot 2
Slide 28: Bajaj group structure
Bajaj group structure Bajaj Holdings & Investment Ltd (BHIL) (Listed) 1 2 39.12% 34.18% Bajaj Auto Ltd Bajaj Finserv Ltd 2 (Listed) (Listed) Auto business arm Financial services arm 80.13% 100% 74% 74% 52.49% 3 Bajaj Finance Ltd Bajaj Allianz Life Bajaj Allianz Bajaj Finserv Direct Bajaj Finserv Hea
Slide 29: What do we stand for
What do we stand for “Non-bank with strategy & structure of a bank” “Focused on mass affluent & above clients with a strategy to cross sell” “Diversified financial services strategy with an optimal mix of risk and profit to deliver a sustainable business model” “Business construct to deliver a susta
Slide 30: 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% 1.4%-1.7% NNPA Return on assets Return on equity in corridor of in corridor of in corridor of 0.4%-0.7% 4%-4.5% 19%-21% 29
Slide 31: BHFL long-term guidance on financial metrics
BHFL long-term guidance on financial metrics AUM growth Profit growth GNPA in corridor of in corridor of in corridor of 26%–28% 28%-30% 0.60%-0.80% NNPA Return on assets Return on equity in corridor of in corridor of in corridor of 0.30%-0.40% 1.7%-2.0% 13%-15% 30
Slide 32: 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 affluent and above clients Total customer franchise of 66.05 MM Strong focus on cross selling assets, payments, Highly data oriented. Deep
Slide 33: Our shareholder profile
Our shareholder profile Top 20 investors & their holdings As on 31 As on 30 As on 31 S.No Name of Shareholder Dec 22 Sept 22 Dec 21 1 BAJAJ FINSERV LTD 52.49% 52.49% 52.65% 2 GOVERNMENT OF SINGAPORE 3.44% 3.37% 3.13% FII & FPI 3 MAHARASHTRA SCOOTERS LIMITED 3.13% 3.13% 3.14% 19.83% 4 SBI NIFTY 50 ET
Slide 34: 15-years financial snapshot
15-years financial snapshot ₹ in crore CAGR Financials snapshot @ FY08 FY09 FY10 FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 (15 yrs.) AUM 2,478 2,539 4,032 7,573 13,107 17,517 24,061 32,410 44,229 60,196 82,422 1,15,888 1,47,153 152,947 1,97,452 37% Income from operations 503 599 91
Slide 35: Product suite
Product suite BAJAJ FINANCE LIMITED Partnerships Consumer SME Commercial Rural Deposits Payments & Services 1. Consumer Durable Loans 1. Unsecured 1. Loan against securities 1. Consumer Durable 1. Retail Term Issuance 1. Life Insurance Working Capital Loans Deposits 1. PPI Distribution 2. Digital Pr
Slide 36: Executive summary – Consolidated
Executive summary – Consolidated Overview • 35-year-old non-bank with a demonstrated track record of profitable growth • Diversified financial services company focused on Urban, Rural, SME, Commercial, Mortgages and Payments • Focused on mass affluent client with a strategy to cross sell • Strong fo
Slide 37: Executive summary – Bajaj Finance Limited
Executive summary – Bajaj Finance Limited Overview • Focused on Urban, Rural, SME, Commercial and Payments businesses • Strategic business unit organization design supported by horizontal common utility functions to drive domain expertise, scalability and operating leverage • Focused on cross sell,
Slide 38: Executive summary – Bajaj Finance Limited
Executive summary – Bajaj Finance Limited SME Business • Offers unsecured working capital loans to SME and self-employed professionals • Secured offerings include enterprise loans against property • Focused on accelerating used car financing business • Focused on affluent SMEs with established finan
Slide 39: Executive summary – Bajaj Housing Finance Ltd.
Executive summary – Bajaj Housing Finance Ltd. Overview • A 100% 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, l
Slide 40: Executive summary – Bajaj Housing Finance Ltd.
Executive summary – Bajaj Housing Finance Ltd. Lease Rental • Offers LRD to high net-worth individuals and developers against commercial property leased to corporate lessees Discounting • Offers construction finance for commercial properties to existing LRD customers (LRD) • LRD transactions are bac
Slide 41: Executive summary – BFSL
Executive summary – BFSL Overview • A 100% subsidiary of Bajaj Finance Limited • Offers Capital Market products - Broking, Depositary services, Margin Trade Financing, Mutual Funds, IPOs and Distribution of PMS • Broking business caters to two different business segments – HNI and Retail • Total Inc
Slide 42: Executive summary – BFSL
Executive summary – BFSL Q3 capabilities In Q3, 45 new features were added on web and app update Gone live with below capabilities on web and app during Q3 FY23: • MTF NON POA - Enablement of MTF product for NON POA customers • Market Smith – 3rd Party research tool to provide stock recommendations
Slide 43: Section 03: Financial performance
Financial statement summary – 3.1 Consolidated Section 03 Financial statement summary – Financial performance 3.2 Bajaj Finance Limited Financial statement summary – 3.3 Bajaj Housing Finance Limited 42
Slide 44: Financial statement summary – Consolidated
Financial statement summary – Consolidated ₹ in Crore Financials snapshot Q3 FY23 Q3 FY22 Y-o-Y 9M FY23 9M FY22 Y-o-Y Assets under management 2,30,842 1,81,250 27% 2,30,842 1,81,250 27% Assets under finance 2,25,399 1,74,775 29% 2,25,399 1,74,775 29% Interest income 9,273 7,265 28% 25,703 19,909 29%
Slide 45: Financial statement summary – Bajaj Finance Ltd
Financial statement summary – Bajaj Finance Ltd ₹ in Crore Financials snapshot Q3 FY23 Q3 FY22 Y-o-Y 9M FY23 9M FY22 Y-o-Y Assets under management 1,68,359 1,32,913 27% 1,68,359 1,32,913 27% Assets under finance 1,66,335 1,30,732 27% 1,66,335 1,30,732 27% Interest income 7,802 6,338 23% 21,858 17,35
Slide 46: Financial statement summary – BHFL
Financial statement summary – BHFL ₹ in Crore Financials snapshot Q3 FY23 Q3 FY22 Y-o-Y 9M FY23 9M FY22 Y-o-Y Assets under management 65,581 49,203 33% 65,581 49,203 33% Assets under finance 57,991 43,479 33% 57,991 43,479 33% Interest income 1,428 907 57% 3,749 2,520 49% Fees, commission, and other
Slide 47: Section 04: Asset liability management
4.1 Conservative leverage standards – Bajaj Finance Limited 4.2 Resilient business model – Consolidated Section 04 Behaviouralized ALM – Bajaj Finance 4.3 Limited Asset liability management Behaviouralized ALM – Bajaj Housing 4.4 Finance Limited 4.5 Disciplined ALM Management – Bajaj Finance Limited
Slide 48: 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 6.8 28.34% 6.6 6.3 27.22% 6.2 6.3 26.16% 24.7% 25.0% 25.10% 24.75% 25.13% 25.14% 23.84% 23.28% 5.4 5.1 23.14% 5.0 20.3% 19.7% 20.7% 21.3% 4.7 4.9 4.8 4.9 * 19.1% 19.5% 18.0% 16.2% 16.1% 16.3% 14.2% 14.6% 5.7% 5.0% 4.4% 3
Slide 49: Resilient business model – Consolidated
Resilient business model – Consolidated 46.0% 46.5% 45.0% 43.1% 42.5% 41.4% 41.8% 38.4% 37.6% 37.7% 36.0% 36.8% 35.3% 35.4% 34.6% 33.3% 35.9% 35.9% 29.9% 33.5% 30.7% 34.7% 28.4% 27.2% 9.85% 9.87% 9.47% 9.00% 8.24% 8.27% 8.39% 7.84% 6.81% 6.64% 6.91% 7.14% 5.3% 5.4% 5.4% 3.6% 3.3% 3.5% 3.7% 3.9% 4.1%
Slide 50: Behaviouralized ALM as of 31 Dec 2022 – BFL
Behaviouralized ALM as of 31 Dec 2022 – 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 12,692 - 33 1,203 10 1,609 636 2,892 626 8,986 28,688 Advances 6,395 2,044 3,687 8,244 7,363 18,280 26,662 60,971 21,958 14,516 1,70,119
Slide 51: Behaviouralized ALM as of 31 Dec 2022 – BHFL
Behaviouralized ALM as of 31 Dec 2022 – 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 756 500 2,300 149 247 220 33 0 - - 4,203 Advances 589 338 548 1,073 1,068 2,922 5,507 14,746 9,761 21,440 57,991 Other inflows - 350 23 1
Slide 52: Disciplined ALM Management - BFL
Disciplined ALM Management - BFL Cumulative gap upto 1 month Cumulative gap upto 12 month 220% 216% 141% 137% 119% 120% 117% 96% 73% 61% 80% 71% 51% 48% 57% 50% 54% 44% 31% 43% 43% 40% 32% 4% Mar'14 Mar'15 Mar'16 Mar'17 Mar'18 Mar'19 Mar'20 Mar'21 Mar'22 Jun'22 Sept'22 Dec'22 51
Slide 53: Consolidated liability mix
Consolidated liability mix 3% 4% 3% 3% 3% 1% 5% 5% 4% 3% 10% 5% 8% 7% 10% 13% 12% 13% 7% 9% 3% 2% 7% 3% 2% 2% 2% 3% 6% 4% 33% 38% 25% 36% 35% 35% 35% 35% 40% 36% 40% 45% 31% 31% 36% 31% 31% 28% 58% 54% 48% 34% 35% 25% 20% 19% 20% 22% 21% 17% 12% 13% 6% 8% 1% 4% Mar'14 Mar'15 Mar'16 Mar'17 Mar'18 Mar
Slide 54: Section 05: Customer franchise and distribution reach
5.1 Customer franchise Section 05 Geographic presence Customer franchise and 5.2 distribution reach 5.3 Strong distribution reach 53
Slide 55: Customer franchise
Customer franchise Q3 FY22 Q3 FY23 Q2 FY23 Total Franchise 66.05 MM 62.91 MM 55.36MM 43.45 MM Credit segment filter 51.30 MM 49.08 MM 41.87 MM Overall Cross sell franchise 49.66 MM 47.46 MM Non delinquent 37.23 MM customers 43.86 MM 41.88 MM Cross sell franchise 31.26 MM 38.58 MM 36.39 MM (56.5%)* (
Slide 56: Geographic presence
Geographic presence 31 Dec 31 Dec 31 Dec 31 Mar 30 Jun 30 Sep 31 Dec Geographic Presence 2019 2020 2021 2022 2022 2022 2022 Urban lending branches 986 1,210 1,368 1,368 1,368 1,372 1,392 Rural lending branches 1,193 1,604 2,055 2,136 2,218 2,313 2,322 Total Bajaj Finance presence 2,179 2,814 3,423 3
Slide 57: Strong distribution reach
Strong distribution reach Active distribution 31 Dec 2019 31 Dec 2020 31 Dec 2021 31 Mar 2022 30 Jun 2022 30 Sep 2022 31 Dec 2022 Consumer durable stores – Urban 23,300+ 24,700+ 29,500+ 30,600+ 31,000+ 31,400+ 32,000+ Consumer durable stores – Rural 17,900+ 22,500+ 27,900+ 29,800+ 31,500+ 33,500+ 33
Slide 58: Section 06: Business segment wise AUM
Section 06 5.1 Business segment wise AUM - Consolidated Business Segment wise Business segment wise AUM 5.2 AUM - Mortgages 57
Slide 59: Business segment wise AUM
Section 06 Business segment wise AUM 58
Slide 60: Business segment wise AUM - Consolidated
Business segment wise AUM - Consolidated ₹ in Crore Composition Composition Assets Under Management AUM as of BFL as of BHFL as of AUM as of Growth as of as of (Businesses) 31 Dec 2021 31 Dec 2022 31 Dec 2022 31 Dec 2022 YoY 31 Dec 2021 31 Dec 2022 Two & Three wheeler Finance 10,620 11,786 - 11,786
Slide 61: Business segment wise AUM - Mortgages
Business segment wise AUM - Mortgages ₹ in Crore Consolidated mortgages Composition Composition AUM as of AUM as of Assets Under Management (Businesses) Growth YoY as of as of 31 Dec 2021 31 Dec 2022 31 Dec 2021 31 Dec 2022 Home Loans 33,067 41,334 25% 57% 56% Loan against property 12,318 13,326 8%
Slide 62: Section 07: Update on credit quality
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 61
Slide 63: Provisioning Coverage - Consolidated
Provisioning Coverage - Consolidated ₹ in Crore AUM PCR GNPA % NNPA % Particulars 31 Dec 22 GNPA NNPA (%) 31 Dec 19 30 Sep 22 31 Dec 22 31 Dec 19 30 Sep 22 31 Dec 22 Two & Three Wheeler Finance 11,786 748 373 50% 5.68% 8.01% 5.99% 2.61% 4.17% 3.08% Urban Sales Finance 16,712 109 17 85% 0.92% 0.53% 0
Slide 64: Stagewise ECL provisioning - Consolidated
Stagewise ECL provisioning - Consolidated ₹ in Crore Gross Assets Receivable ECL Provision PCR % Stage 1 Stage 2 Stage 3 Stage 1 Stage 2 Stage 3 Stage 1 Stage 2 Stage 3 OTR* Normal OTR* Normal OTR* Normal Two & Three Wheeler Finance 10,974 - 768 748 175 - 154 375 1.6% - 20.0% 50.1% Urban Sales Finan
Slide 65: Provisioning Coverage - BHFL
Provisioning Coverage - BHFL ₹ in Crore AUM PCR GNPA % NNPA % Particulars 31 Dec 22 GNPA NNPA (%) 31 Dec 19 30 Sep 22 31 Dec 22 31 Dec 19 30 Sep 22 31 Dec 22 Home Loans 39,687 70 31 56% 0.08% 0.21% 0.19% 0.06% 0.09% 0.08% Loan against property 6,878 32 18 45% 0.08% 0.52% 0.59% 0.05% 0.30% 0.33% Leas
Slide 66: Stagewise ECL provisioning – BHFL
Stagewise ECL provisioning – BHFL ₹ in Crore Gross Assets Receivable ECL Provision PCR % Stage 1 Stage 2 Stage 3 Stage 1 Stage 2 Stage 3 Stage 1 Stage 2 Stage 3 OTR* Normal OTR* Normal OTR* Normal Home Loans 36,062 113 101 70 182 29 19 39 0.5% 25.9% 18.4% 55.9% Loan against property 5,209 41 62 32 3
Slide 67: 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 1st Bucket 2nd Bucket 3rd Bucket 4th Bucket 5th Bucket 5+ Bucket Stage 1 98.65% 99.52% 99.05% 99.58% 99.72% 97.89% 99.66% 99.63% 99.64% 1 86.00% 78.02
Slide 68: Portfolio credit quality – Consolidated
Portfolio credit quality – Consolidated Business & professional loans Rural B2B Stage 1st Bucket 2nd Bucket 3rd Bucket 4th Bucket 5th Bucket Stage 1st Bucket 2nd Bucket 3rd Bucket 4th Bucket 5th Bucket 1 98.27% 98.50% 97.30% 98.51% 98.73% 98.93% 99.02% 99.06% 99.14% 1 99.33% 99.75% 98.89% 99.60% 99.
Slide 69: Portfolio credit quality – Consolidated
Portfolio credit quality – Consolidated Home loans Commercial lending Stage 1st Bucket 2nd Bucket 3rd Bucket 4th Bucket 5th Bucket 5+ Bucket • Commercial lending business portfolio is 99.88% current 1 99.60% 99.56% 98.31% 99.05% 99.07% 99.63% 99.37% 99.41% 99.54% 2 0.11% 0.24% 1.36% 0.69% 0.62% 0.17
Slide 70: 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 71: Thank You
BAJAJ FINANCE LIMITED Q3 FY23 Investor Presentation Thank You
Slide 72: 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