Bajaj Finserv Limited · NSE:BAJAJFINSV
Bajaj Finserv — Q1 FY24 Earnings Presentation
66 slides from Bajaj Finserv's earnings presentation, Jul 27, 2023
Slide 1: Exchange filing cover letter
27 July 2023 To To Corporate Relations Department. Corporate Listing Department. BSE Limited National Stock Exchange of India Ltd 1st Floor, New Trading Ring, Exchange Plaza, 5th Floor Rotunda Building, P J Tower, Plot No.C-1, G Block, Dalal Street, Fort, Bandra-Kurla Complex, Mumbai 400 001 Bandra
Slide 2: Bajaj Finserv Limited Investor Presentation – Q1 FY24
BAJAJ FINSERV LIMITED Investor Presentation – Q1 FY24* *Financial year 2023-24 Note: From Q1 FY23 Bajaj Finserv Limited has started reporting its numbers in Investor Presentation in Rs. Crores. Till FY22, the same was in Rs. Million.
Slide 3: Bajaj Group Structure
Bajaj Group Structure Bajaj Holdings & Investment Limited (Listed) 34.19%2 39.12%1 51% Bajaj Auto Limited (Listed) Maharashtra Scooters Limited (Listed) Bajaj Finserv Limited (Listed) Auto Business Arm Auto spare parts Manufacturer Financial Services Arm 52.45%3 74% 74% 80.13% 100% Bajaj Allianz Baj
Slide 4: Bajaj Finserv's Vision – Diversified financial services group
Bajaj Finserv’s Vision – A diversified financial services group with a pan-India presence Life cycle Family, needs of Investment/ Asset Asset Health & Individual & Wealth Retirement acquisition protection Income SME management Protection customers General, Health & Life ULIPs*, Fixed Loan (Personal,
Slide 5: Established businesses with strong track record
Bajaj Finserv – Established businesses with strong track record ❑ Non-Bank with strategy & structure of a bank ❑ Diversified financial services strategy with an optimal mix of risk and Bajaj Finance Limited sustainable profit ❑ Focused on mass affluent & above with a strategy to cross-sell with smar
Slide 6: Bajaj Finserv – Emerging Opportunities
Bajaj Finserv – Emerging Opportunities ❑ Health Tech venture - aims to transform healthcare sector in India ❑ Integrating the fragmented healthcare delivery ecosystem with technology and financial services on a digital platform to bring quality Bajaj Finserv Health healthcare closer to consumers' re
Slide 7: Role of Bajaj Finserv
Role of Bajaj Finserv ▪ Monitor and engage with our companies with the objective of long-term sustainable profit, meaningful market share, and effective use of capital - thereby delivering superior shareholder returns ▪ We do this by driving companies to create institutionalized frameworks through a
Slide 8: Bajaj Finserv performance highlights – Q1 FY24
Bajaj Finserv performance highlights – Q1 FY24 All Figures in Rs. Crore Performance Highlights of Q1 FY24 over Q1 FY23 (Ind AS) CY 23,280 1,943 48,963 5,824 47% 48% 20% 23% PY 15,888 1,309 40,638 4,739 Total Revenue PAT* Net Worth Net Worth (Consolidated) (Consolidated) (Consolidated) (Standalone) •
Slide 9: Consolidated profit components – Q1 FY24 (BFS Share)
Consolidated profit components – Q1 FY24 (BFS Share) All Figures in Rs. Crore Consolidated profit# components for Q1 FY24 (Ind AS) Intercompany Adjustments (Net of Tax)# adjustments ❑ Unrealized MTM* Loss on BAGIC Investments – ₹ 67 Cr Bajaj Finserv- ❑ Unrealized MTM* Gain on BALIC Investments – ₹ 3
Slide 10: Q1 FY24 Highlights
Q1 FY24 Highlights All Figures in Rs. Crore Highlights of Group Companies BAJAJ FINSERV# Q1 FY24 Q1 FY23 Growth BAJAJ FINANCE# Q1 FY24 Q1 FY23 Growth Total Revenue 23,280 15,888 47% AUM 2,70,097 2,04,018 32% Net worth 48,963 40,638 20% Total Income 12,501 9,286 35% PAT 1,943 1,309 48% PAT 3,437 2,59
Slide 11: Bajaj Finance Limited
Bajaj Finance Limited 10
Slide 12: BFL – Key Strategic Differentiators
BFL – Key Strategic Differentiators STRATEGY • Diversified financial services strategy seeking to optimise risk and profit, operate a sustainable business model and deliver a superior ROE and ROA • Focused on continuous innovation by transforming customer experience thereby creating growth opportuni
Slide 13: BFL Consolidated Results – Q1 FY24 Highlights
BFL Consolidated Results – Q1 FY24 Highlights All Figures in Rs. Crore Performance Highlights of Q1 FY24 over Q1 FY23 (Ind AS) CY 2,65,296 7.30 Crore 12,501 3,437 34% 21% 35% 32% PY 1,98,352 6.03 Crore 9,286 2,596 Book Size Customer Total Income Profit After Tax Franchise CY 1.4% 6.1% ❑ Capital Adeq
Slide 14: BFL – Key Highlights
BFL – Key Highlights Q1 FY 2023-24 ▪ Core AUM as on 30 June 2023 stood at Rs. 2,70,097 Cr vs Rs. 2,04,018 Cr last year (32% growth); AUM growth in Q1 FY24 was Rs. 22,718 Cr ▪ 99.4 Lakh new loans booked in Q1 FY24 as against 74.2 Lakh in Q1 FY23 AUM & Business ▪ In Q1 FY24, BFL acquired 38.4 Lakh new
Slide 15: BFL – Key Highlights
BFL – Key Highlights Q1 FY 2023-24 ▪ Profit after tax (PAT) for Q1 FY24 increased by 32% to Rs. 3,437 Cr v/s Rs. 2,596 Cr in Q1 FY23, mainly on account of robust AUM growth, higher Profitability & Capital net interest income and better portfolio performance Position ▪ Capital adequacy remained stron
Slide 16: BFL: Book Size and Revenue
BFL : Book Size and Revenue All Figures in Rs. Crore Book Size Total Income FY23 growth of 27% Q1 FY24 FY23 growth of 31% Q1 FY24 growth of 34% 41,415 growth of 35% 2,65,296 2,42,269 31,648 1,91,423 1,98,352 26,683 146,687 12,501 9,286 FY21 FY22 FY23 Q1 FY23 Q1 FY24 FY21 FY22 FY23 Q1 FY23 Q1 FY24 Ne
Slide 17: BFL: Loan Loss Provision and Operating Expenses
BFL : Loan Loss Provision and Operating Expenses All Figures in Rs Crore Loss Provision and Net NPA% ❑ GNPA & NNPA stood at 0.87% and 0.31% as of 30 1.50% 6,000 June 2023 as against 1.25% and 0.51% as of 30 June 5,000 4,803 2022 4,000 0.51% ❑ Provisioning coverage ratio (PCR) of 65% on stage 3 3,190
Slide 18: Bajaj Allianz General Insurance
Bajaj Allianz General Insurance 17
Slide 19: BAGIC – Key Strategic Differentiators
BAGIC – Key Strategic Differentiators STRATEGY Strive for market share growth in chosen segments through a well-diversified product portfolio and multi-channel distribution supported by prudent underwriting DIFFERENTIATORS ▪ Industry leading combined ratios consistently over Strong selection of Risk
Slide 20: BAGIC: Q1 FY24 Highlights
BAGIC : Q1 FY24 Highlights All Figures in Rs Crore Performance Highlights of Q1 FY24 over Q1 FY23 CY 3,834 3,834 2,047 1,938 23% 27% 16% 5% PY 3,119 3,009 1,758 1,852 Gross Written GWP Excl. Crop & Net Written Premium Net Earned Premium Premium (GWP) Govt. Health CY 415 4.3% 388% Solvency Ratio 1% a
Slide 21: BAGIC – Key Highlights
BAGIC – Key Highlights Q1 2023-24 ▪ GDPI grew by 22.2% in Q1 FY24 as against Private sector growth of 21.2% and Industry# growth of 16.5% ▪ Ex. Crop & Govt. Health, Q1 FY24 GDPI grew by 26.7% v/s Private sector growth of 21.3% and Industry# growth of 16.5% Revenue Growth ▪ Ex. Crop & Govt. Health gr
Slide 22: BAGIC: Combined Ratio
BAGIC : Combined Ratio Combined Ratio 104.6% 99.6% 100.5% 100.7% 96.9% FY21 FY22 FY23 Q1 FY23 Q1 FY24 1. Combined Ratios are in accordance with the Master Circular on ‘Preparation of Financial statements of General Insurance Business’ issued by IRDA effective from 1st April, 2013. (Net claims incurr
Slide 23: BAGIC: Profit after tax and Capital efficiency
BAGIC : Profit after tax and Capital efficiency All Figures in Rs. Crore PAT Q1 FY24 PAT growth of 1% 1,330 1,339 1,348 411 415 FY21 FY22 FY23 Q1 FY23 Q1 FY24 BAGIC - Capital Invested - Networth Total Capital infused is Rs. 277 Cr Accumulated profit* 97% of No Capital infusion since FY08 Net worth a
Slide 24: BAGIC: Consistently amongst top private insurers in terms of Gross Premium
BAGIC : Consistently amongst top private insurers in terms of Gross Premium Industry GDPI Trend (Rs. Cr.) Q1 FY24 GDPI growth of 17% 2,41,071 2,05,753 1,85,595 1,58,184 1,13,770 1,30,621 54,122 63,575 71,826 75,133 82,887 33,496 40,870 20,626 22,705 FY21 FY22 FY23 Q1 FY23 Q1 FY24 PSU Private Insurer
Slide 25: BAGIC: Balanced Product Mix
BAGIC : Balanced Product Mix Business Mix 9% 10% 11% 14% 14% 0% 0% 20% 18% 15% 32% 32% 18% 19% 19% 9% 10% 12% 14% 16% 6% 6% 6% 6% 5% 38% 35% 35% 34% 35% FY21 FY22 FY23 Q1 FY23 Q1 FY24 Motor (Retail) Health (Retail) Group Health Prop, Liability, Engg Agri (Crop Insurance) Others ▪ BAGIC’s excluding C
Slide 26: BAGIC: Diversified Channel Mix
BAGIC: Diversified Channel Mix Channel Mix 27% 30% 25% 26% 23% 42% 42% 48% 45% 45% 3% 2% 2% 2% 2% 10% 10% 10% 10% 10% 18% 16% 15% 16% 18% FY21 FY22 FY23 Q1 FY23 Q1 FY24 Individual Agents Corporate Agents - Banks Corporate Agents - Others Brokers Direct Business Bancassurance Agency & Retail OEMs* &
Slide 27: BAGIC: Assets Under Management
BAGIC : Assets Under Management AUM (cash and investments) BAGIC continues to Q1 FY24 growth of 13% grow its AUM 28,611 strongly 27,809 24,633 25,362 23,150 Investments are largely in fixed income Rs. Crore securities Investment Leverage of 2.87 as on 30 June 2023 Advance premium as on FY21 FY22 FY2
Slide 28: Profit (PBT) Waterfall: Q1FY23 vs Q1FY24
Profit (PBT) Waterfall: Q1FY23 vs Q1FY24 All Figures in Rs. Crore 555 Key lines of business Net Loss Ratio UW UW with reduction Q1 FY24 Q1 FY23 loss loss 61 cr Increase largely Fire 67.1% 71.8% 42 cr attributable to Marine 50.8% 88.4% Invest. higher advance Motor OD 71.2% 82.2% Invest. income premiu
Slide 29: Key Technology & Customer Initiatives of Q1 FY23-24: 1/2
Key Technology & Customer Initiatives of Q1 FY23-24: 1/2 Digital Journey Metrics Digital Agent Onboarding Q1 FY23-24 Digital Issuance Q1 FY23-24 From 100% in FY 22-23 -> 100% From 95.21% in FY 22-23 -> 95.64% Digital Payment Q1 FY23-24 Net Promoter Score* Motor Health FY22 FY23 FY22 FY23 From 92.47%
Slide 30: Key Technology & Customer Initiatives of Q1 FY23-24: 2/2
Key Technology & Customer Initiatives of Q1 FY23-24: 2/2 Enhanced cyber cover Innovation Scaled-up BAGIC GIFI Suraksha AI Chatbot Custom iOS app developed for Enabled Policy Issuance for 2 Motor- selling Asset Suraksha & Cyber Safe TP products & 1 Property (BLUS) product during GIFI event product in
Slide 31: BAGIC hosted General Insurance Festival of India (GIFI)
BAGIC hosted General Insurance Festival of India (GIFI) 30
Slide 32: BAGIC: Risk Management
BAGIC : Risk Management Asset Quality Pricing & Underwriting ▪ 99% of the debt portfolio in AAA and sovereign ▪ Superior underwriting capability leading to low assets Combined Ratio consistently ▪ 90.2% of Equity is in Nifty 50 stocks & 93.1% is ▪ Diversified exposure across business lines & in BSE1
Slide 33: Bajaj Allianz Life Insurance
Bajaj Allianz Life Insurance 32
Slide 34: BALIC – Key Strategic Differentiators
BALIC – Key Strategic Differentiators STRATEGY • Continued focus on sustainable and profitable growth by maintaining balanced product mix and investment in retail growth engines • Business construct is to maximize customer benefits while gaining market share in retail space, maintaining shareholder
Slide 35: BALIC – Q1 FY24 Highlights
BALIC – Q1 FY24 Highlights All Figures in Rs. Crore Performance Highlights of Q1 FY24 over Q1 FY23 CY 1,028 364 650 1,899 4,058 15% -73% 13% 31% -7% PY 895 1,339 574 1,452 4,369 Individual Rated NB Group Fund NB Group Protection NB Renewal Premium Gross Written Premium CY 3,694 155 94 909 475% Solve
Slide 36: BALIC – Key Highlights
BALIC – Key Highlights Q1 2023-24 ▪ In Q1 FY24, IRNB grew by 15% (vs private players growth of 8% and overall industry growth of 2%) ▪ Market share in IRNB terms increased from 8.3% in Q1 FY23 to 8.8% in Q1 Revenue Growth & Market FY24 among private players Share ▪ BALIC improved its ranking on IRNB
Slide 37: BALIC – Topline related metrics
BALIC – Topline related metrics All Figures in Rs Crore New Business Renewals GWP 1,899 4,369 2,916 1,452 2,159 4,058 Q1 FY23 Q1 FY24 Q1 FY23 Q1 FY24 Q1 FY23 Q1 FY24 Group Fund NB Group Protection NB IRNB 650 1,028 1,339 574 895 364 Q1 FY23 Q1 FY24 Q1 FY23 Q1 FY24 Q1 FY23 Q1 FY24 ▪ Individual Rated
Slide 38: BALIC: Individual Rated New Business
BALIC : Individual Rated New Business All Figures in Rs Crore Whole Company Agency FY23 growth of 41% FY23 growth of 43% 5,214 2,122 Q1 FY24 growth Q1 FY24 growth of 15% of 22% 3,686 1,489 Agency continues to stride ahead Industry beating growth with substantial growth 1,028 387 473 895 493 238 FY22
Slide 39: BALIC: Balanced product mix
BALIC : Balanced product mix IRNB Mix Share of Non-par savings and Annuity stands at 38% in Q1 FY24 39% 31% 38% Individual - Unit Linked 41% 42% 3% Individual - Non Par Protection 3% 3% 5% 6% Individual - Non Par Savings 27% 42% 31% 29% 33% Individual - Annuity 2% 11% 9% Individual - Par 7% 6% 23% 2
Slide 40: BALIC: Diversified Distribution Mix
BALIC : Diversified Distribution Mix Individual Rated New Business Channel-wise Mix ❑ Balanced mix between institutional and proprietary retail channels - Agency, Institutional Business and 11% 9% 9% 8% 8% BALIC Direct contributing approximately 46%, 46% and 8% respectively in Q1 FY24 (in IRNB terms
Slide 41: BALIC: Persistency
BALIC : Persistency Persistency 13th Month Persistency 25th Month 83% 74% 75% 83% 83% 73% 73% 82% Persistency - 13th Month Persistency - 25th Month FY22 FY23 Q1 FY23 Q1 FY24 FY22 FY23 Q1 FY23 Q1 FY24 Persistency 37th Month Persistency 49th Month Persistency 61st Month 67% 67% 64% 50% 50% 50% 63% 66%
Slide 42: BALIC: New Business Value & New Business Margins
BALIC : New Business Value & New Business Margins All Figures in Rs. Crore Rolling 12M Rolling 12M Q1 FY24 Q1 FY23 Growth Growth FY241 FY232 Annualized Premium (ANP)* 1,273 1,218 5% 6,172 4,987 24% Net New Business Value (NBV)** 94 135 -30% 909 731 24% Net New Business Margin (NBM) on 7.4% 11.1% -3.
Slide 43: Performance of Key Digital Assets and New Tech Initiatives – Q1 FY24
Performance of Key Digital Assets and New Tech Initiatives – Q1 FY24 Digital assets Internal Assets INStab WhatsApp for ICs 100% Online sales Customer 360 EEZE HR Bot Agent servicing and Upsell and Sales Whatsapp Chatbot for Login Process query resolution productivity tool Employee Servicing ~37K Un
Slide 44: Winner of DGI Insurance Innovation Award 2023 – APAC Region
Winner of DGI Insurance Innovation Award 2023 – APAC Region 43 AIA – China | Cathay Life Insurance Ltd. – Taiwan | HSBC Life – Hong Kong | MSIG Insurance – Singapore | SingLife – Philippines MEDIA RELEASE
Slide 45: BALIC: Assets Under Management (AUM) & Net Worth
BALIC : Assets Under Management (AUM) & Net Worth AUM (Mix) • AUM as of 30 June 2023 grew by 15% 90,584 95,317 • Of the UL Funds of Rs. 36,837 85,623 83,072 crore, 78% is equity (including Rs Crore 56,802 58,481 equity ETF) as on 30 June 2023 52,196 51,765 33,427 33,782 36,837 (74% as on 30 June 202
Slide 46: BALIC: Risk Management
BALIC: Risk Management ❑ Prudent assumptions while product pricing Product Pricing ❑ Stress and scenario testing performed at pricing stage ❑ Regular review of pricing based on prevailing interest rates ❑ Interest rate risk on the Individual Non-Participating Savings, Protection and Annuity portfoli
Slide 47: Bajaj Finserv Direct Ltd (Bajaj Markets)
Bajaj Finserv Direct Ltd (Bajaj Markets) 46
Slide 48: BFSI Marketplace Business
BFSI Marketplace Business STRATEGY BFSI marketplace by BFSD, is a unique & diversified Marketplace for Financial Services which acquires large number of consumers and cross-sells products by leveraging Technology & Analytics. DIFFERENTIATORS ▪ Open Architecture platform offers Financial products’ Di
Slide 49: Performance of Digital Properties
Performance of Digital Properties Transacting customers (in thousands) 250 219 200 202 194 200 146 150 116 120 100 57 54 50 0 Q1 FY21- Q2 FY21- Q3 FY21- Q4 FY21- Q1 FY22- Q2 FY22- Q3 FY22- Q4 FY22- Q1 FY23- 22 22 22 22 23 23 23 23 24 48
Slide 50: Bajaj Finserv Direct Ltd. – Financial Snapshot
Bajaj Finserv Direct Ltd. – Financial Snapshot All Figures in Rs. Crore Q1 FY24 Q1 FY23 FY23 Total Income 116 79 391 PAT (14) (25) (52) Capital infused (as on 30 June 2023) 807 Net Worth (as on 30 June 2023) 587 Total Revenue Total Opex 140 130 115 117 120 104 107 93 100 113 116 69 73 104 80 60 94 6
Slide 51: Digital Technology services business
Digital Technology services business STRATEGY Be a leading digital technology services provider from India in the financial services sector through deep domain expertise and execution capabilities. Build scale & focus on profitability. • Portfolio of 6 technology Services to address business needs o
Slide 52: Bajaj Finserv Health Limited
Bajaj Finserv Health Limited 51
Slide 53: Bajaj Finserv Health – Key Strategic Differentiators
Bajaj Finserv Health – Key Strategic Differentiators STRATEGY • Health Management platform to solve for Access and Financing of healthcare to Indian consumers • Making healthcare Prepaid, Preventive and Personalized by covering Hospitalization, Diagnostics and Doctor consultation spends DIFFERENTIAT
Slide 54: Bajaj Finserv Health – Business Model
Bajaj Finserv Health – Business Model SUPERIOR CONSUMER EXPERIENCE CONSUMER STACK PROVIDER STACK Health App Doctors Health Insights Cashless OPD Diagnostics Cohort Formation Employee Wellness Hospitals Health Transactions Fitness & Wellness Customized Product Provider Information HEALTHCARE TRANSACT
Slide 55: Bajaj Finserv Health – Overall Metrics & Services
Bajaj Finserv Health – Overall Metrics & Services REVENUE & OPEX (Lakhs) 17,102 18,000 16,000 13,169 14,000 10,173 10,879 12,000 7,738 8,490 10,000 6,320 6,836 8,000 3,731 4,508 6,000 2,780 3,418 4,000 2,000 - Q4 FY21-22 Q1 FY22-23 Q2 FY22-23 Q3 FY22-23 Q4 FY22-23 Q1 FY23-24 Total Revenue (in Lakhs)
Slide 56: Bajaj Finserv Health – Business Metrics
Bajaj Finserv Health – Business Metrics REGISTERED USERS (CUMULATIVE) MONTHLY ACTIVE USERS 94,64,233 1,00,00,000 7,00,000 5,97,758 81,62,955 73,39,823 6,00,000 80,00,000 4,66,061 60,48,577 5,00,000 3,94,480 60,00,000 45,32,739 4,00,000 3,34,594 3,21,994 40,00,000 3,00,000 2,00,000 20,00,000 1,00,000
Slide 57: Bajaj Finserv Health – Network Metrics
Bajaj Finserv Health – Network Metrics DOCTOR NETWORK DENTAL NETWORK 8,16,092 9,00,000 3,00,000 7,59,118 8,00,000 2,39,596 2,28,579 6,64,826 2,50,000 7,00,000 1,83,680 4,97,443 6,00,000 2,00,000 3,45,041 5,00,000 1,42,741 1,50,000 4,00,000 3,00,000 81,353 1,00,000 2,00,000 69,577 70,694 73,433 74,90
Slide 58: Additional Information – BAGIC
Additional Information – BAGIC
Slide 59: BAGIC: Investment Performance
BAGIC : Investment Performance All Figures in Rs Crore Total Funds# Investment Leverage ❑ Investment Portfolio mix 3.08 2.79 2.84 2.9 2.87 for Q1 FY24: Corporate 26,619 27,825 bonds 29.3%, G-Sec 23,016 24,401 24,542 59.6%, Equity* 10.5%, Money Market 0.5% and Fixed Deposits 0.1% ❑ Unrealized gain of
Slide 60: BAGIC: LOB wise Net Loss ratio
BAGIC : LOB wise Net Loss ratio Net Loss Ratio Line of Business Q1 FY24 Q1 FY23 Fire 67.1% 71.8% Marine Cargo 50.8% 88.4% Motor OD 71.2% 82.2% Motor TP 79.7% 88.6% Motor Total 76.0% 86.0% Engineering 72.2% 121.4% Personal Accident 54.0% 61.1% Health (Retail+Group) 83.9% 76.7% Crop -6.1% -202.4% Tota
Slide 61: BAGIC: LOB Growth (Major LOBs)
BAGIC : LOB Growth (Major LOBs) GDPI Growth Line of Business Q1 FY24 BAGIC Growth Q1 FY24 Industry Growth Commercial Lines** 22.1% 6.6% Motor OD 36.8% 22.0% Motor TP 17.7% 20.2% Motor Total 26.0% 20.9% Personal Accident + Travel 24.8% 30.0% Health (retail + group)* 33.7% 18.9% Total 22.2% 16.5% Tota
Slide 62: Additional Information – BALIC
Additional Information – BALIC
Slide 63: BALIC: Investment Performance (Shareholder Fund)
BALIC : Investment Performance (Shareholder Fund) All Figures in Rs Crore AUM ~ ❑ Asset mix as on 30 June 10,990 2023: Corporate Bonds 24.3%, G-Sec 47.9%, Equity 10,678 16.3%, FD & other assets 10,400 11.5% (on Market value 10,229 basis) 10,056 ❑ Capital gains booked in Q1 FY24 were Rs. 77 cr (inclu
Slide 64: BALIC: Regular Premium Ticket Size
BALIC : Regular Premium Ticket Size All Figures in Rs. Whole Company Non Par Savings FY23 Q1 FY24 FY23 Q1 FY24 increase of 10% decrease of 3% increase of 65% increase of 12% 85,032 85,099 77,634 73,503 71,475 67,456 57,782 59,976 51,650 36,579 FY21 FY22 FY23 Q1 FY23 Q1 FY24 FY21 FY22 FY23 Q1 FY23 Q1
Slide 65: Thank You
| Fi FINSERV BAJAJ Thank You
Slide 66: Disclaimer
Disclaimer This presentation has been prepared by Bajaj Finserv Limited (the “Company”) solely for your information and for your use. This presentation is for information purposes only and should not be deemed to constitute or form part of any offer or invitation or inducement to sell or issue any s