Bajaj Finserv Limited · NSE:BAJAJFINSV
Bajaj Finserv — Bajaj Finance — Q4 FY24 Earnings Presentation
70 slides from Bajaj Finserv's earnings presentation, Apr 25, 2024
Slide 1: Q4 FY24 Investor Presentation
Q4 FY24 Investor Presentation 25 April 2024
Slide 2: Presentation Path
Presentation Path Section 01 Section 03 Section 05 Section 07 Executive Financial Customer franchise Update on summary – Q4 performance – Q4 and distribution credit quality FY24 and FY24 3 FY24 37 reach 49 57 Section 02 Section 04 Section 06 Section 08 Bajaj Finance Asset liability Business segment
Slide 3: Section 01 Executive summary
1.1 Quarter and Year gone by 1.2 Lead financial indicators Section 01 Consolidated financial performance – Executive summary – Q4 1.3 FY24 FY24 and FY24 1.4 Management assessment for FY25 1.5 Omnipresence strategy update 3
Slide 4: Q4 FY24 Executive summary
Q4 FY24 Executive summary A good quarter on AUM, customer acquisition, portfolio metrics and operating efficiencies. Dampener for the quarter were elevated loan losses in Rural B2C and continued impact of regulatory restrictions. Delivered AUM growth of ₹ 19,647 crore, booked 7.87 MM new loans and a
Slide 5: FY24 Executive summary
FY24 Executive summary Good year across all financial and portfolio metrics. Delivered AUM growth of ₹ 83,236 crore, disbursed 36.2 MM loans and added a record 14.5 MM new customers in FY24. Regulatory action on two products of the Company was a setback for the year. Remain committed to compliance i
Slide 6: Lead financial indicators for Q4 FY24 (1/6)
Lead financial indicators for Q4 FY24 (1/6) Balance sheet and business metrics 1. Delivered AUM growth of ₹ 19,647 crore in Q4. 2. AUM was up 34% at ₹ 330,615 crore as against ₹ 247,379 crore as of 31 March 2023. 3. New loans booked were up 4% to 7.87 MM in Q4 FY24 as against 7.56 MM in Q4 FY23. 4.
Slide 7: Lead financial indicators for Q4 FY24 (2/6)
Lead financial indicators for Q4 FY24 (2/6) Operating efficiencies 11. In Q4, Net interest income grew by 28% to ₹ 8,013 crore as against ₹ 6,254 crore in Q4 FY23. NIM compression in Q4 over Q3 was 21 bps, primarily contributed by AUM composition changes. 12. In Q4, Net total income grew by 25% to ₹
Slide 8: Lead financial indicators for Q4 FY24 (3/6)
Lead financial indicators for Q4 FY24 (3/6) Profitability and capital 20. Consolidated pre-provisioning operating profit grew by 25% to ₹ 6,412 crore in Q4 FY24. 21. Consolidated profit before tax grew by 20% to ₹ 5,105 crore in Q4 FY24. The profit before tax for Q4 was lower by approximately 4% due
Slide 9: Lead financial indicators for Q4 FY24 (4/6)
Lead financial indicators for Q4 FY24 (4/6) 29. The Company has made required changes in response to the regulatory restriction imposed by RBI on the Company, on sanction and disbursal of loans under ‘eCOM’ and ‘Insta EMI Card’. The Company has formally requested RBI for review and removal of these
Slide 10: Lead financial indicators for Q4 FY24 (5/6)
Lead financial indicators for Q4 FY24 (5/6) BHFL - Operating efficiencies 40. In Q4, Net interest income grew by 11% to ₹ 629 crore as against ₹ 566 crore in Q4 FY23. 41. In Q4, Net total income grew by 14% to ₹ 717 crore as against ₹ 631 crore in Q4 FY23. 42. In Q4, Opex to Net total income stood a
Slide 11: Lead financial indicators for Q4 FY24 (6/6)
Lead financial indicators for Q4 FY24 (6/6) Bajaj Financial Securities Limited (BFSL) 52. Margin Trading Finance AUM grew by 259% at ₹ 3,817 crore as of 31 March 2024 as against ₹ 1,064 crore as of 31 March 2023. 53. Added 43K customers to its franchise in Q4. Retail and HNI customer franchise stood
Slide 12: Consolidated financial performance - FY24
Consolidated financial performance - FY24 12
Slide 13: Executive summary FY24 - Consolidated
Executive summary FY24 - Consolidated Balance Sheet and business metrics 1. Delivered AUM growth of ₹ 83,236 crore in FY24. 2. AUM was up 34% at ₹ 3,30,615 crore as against ₹ 2,47,379 crore as of 31 March 2023. 3. New loans booked were up 22% to 36.20 MM in FY24 as against 29.58 MM in FY23. Customer
Slide 14: Executive summary FY24 - Consolidated
Executive summary FY24 - Consolidated Credit cost 11. Loan losses and provisions for FY24 was ₹ 4,631 crore as against ₹ 3,190 crore in FY23. 12. Loan loss to average AUF, excluding management overlay was 1.82% in FY24. 13. The Company holds a management and macro-economic overlay provision of ₹ 300
Slide 15: Executive summary FY24 - Consolidated
Executive summary FY24 - Consolidated Bajaj Housing Finance Limited (BHFL): 20. AUM was up 32% at ₹ 91,370 crore as against ₹ 69,228 crore as of 31 March 2023. 21. Net interest income for FY24 grew by 22% to ₹ 2,510 crore as against ₹ 2,058 crore in FY23. 22. Net total income for FY24 grew by 19% to
Slide 16: Management assessment for FY25
Management assessment for FY25 16
Slide 17: Management assessment for FY25
Management assessment for FY25 The Company has a well-established long-term guidance on financial metrics across AUM growth, profit growth, GNPA, NNPA, ROA and ROE. FY25 is expected to be a year of normalisation to pre-covid metrics, adjusted for certain regulatory changes pertaining to NPA classifi
Slide 18: Management assessment for FY25
Management assessment for FY25 • Customer franchise – The Company added record 14.5 MM customers to its franchise in FY24. The Company remains confident of adding 12-14 MM customers in FY25 as well. • AUM - The Company achieved strong consolidated AUM growth of 34% in FY24. The Company has a well-de
Slide 19: Omnipresence strategy update
Omnipresence strategy update 19
Slide 20: Omnipresence metrics - Strong growth momentum across Geography and Digital metrics
Omnipresence metrics - Strong growth momentum across Geography and Digital metrics Particulars Unit Q4 FY23 Q3 FY24 Q4 FY24 YoY FY23 FY24 Geography New locations added # 19 158 53 NA 229 412 Locations - Cumulative # 3,733 4,092 4,145 11% 3,733 4,145 Standalone Gold loan branches – Cumulative # 181 5
Slide 21: Omnipresence metrics - Strong growth momentum across Geography and Digital metrics
Omnipresence metrics - Strong growth momentum across Geography and Digital metrics Particulars Unit Q4 FY23 Q3 FY24 Q4 FY24 YoY FY23 FY24 App business metrics EMI cards acquired on App * # in ‘000 99 89 - NA 368 342 Personal loan disbursed on App * In ₹ Cr 2,607 2,861 3,187 22% 9.4K 11.7K Credit car
Slide 22: Customer franchise - Key financial metrics
Customer franchise - Key financial metrics Particulars @ Unit FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 YoY New loans booked In MM 10.1 15.3 23.5 27.4 16.9 24.7 29.6 36.2 22% New customer addition In MM 4.1 6.1 8.3 8.1 6.0 9.0 11.6 14.5 25% Existing customer mix % 59.8% 60.3% 64.8% 70.4% 64.6% 63.5% 6
Slide 23: Section 02 Bajaj Finance Limited overview
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 2.5 BFL Consolidated 17-years financial overview snapshot 2.6 BHFL 7-years financial snapshot 2.7 Product suite 2.8 Executive summary 23
Slide 24: Bajaj group structure
Bajaj group structure Bajaj Holdings & Investment Ltd (BHIL) (Listed) 1 2 39.06% 34.16% Bajaj Auto Ltd Bajaj Finserv Ltd 2 (Listed) (Listed) Auto business arm Financial services arm 80.13% 100% 74% 74% 51.34% 3 Bajaj Finance Ltd Bajaj Allianz Life Bajaj Allianz Bajaj Finserv Direct Bajaj Finserv Hea
Slide 25: 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 26: 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% 4.6%-4.8% 21%-23% 26
Slide 27: 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 83.64 MM Strong focus on cross selling assets, payments, Highly data oriented. Deep
Slide 28: Our shareholder profile
Our shareholder profile Top 20 investors and their holdings As on 31 As on 31 As on 31 S.No Name of Shareholder Mar 23 Dec 23 Mar 24 1 BAJAJ FINSERV LTD 52.49% 51.42% 51.34% FII & FPI 2 GOVERNMENT OF SINGAPORE 3.41% 3.32% 3.37% 20.56% 3 MAHARASHTRA SCOOTERS LIMITED 3.13% 3.07% 3.07% ICICI PRUDENTIAL
Slide 29: 17-years financial snapshot - Consolidated
17-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 (17 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 25% Customer franchise 0.8 1.2
Slide 30: 7-years financial snapshot – BHFL
7-years financial snapshot – BHFL ₹ in crore CAGR Financials snapshot FY18 FY19 FY20 FY21 FY22 FY23 FY24 (7 yrs.) AUM 3,570 17,562 32,705 38,871 53,322 69,228 91,370 72% Total income 106 1,156 2,646 3,155 3,767 5,665 7,617 104% Interest expenses 47 685 1,616 1,966 2,155 3,211 4,692 115% Net total in
Slide 31: 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 2. Digital Product Loans Working Capital 2. IPO financing Loans
Slide 32: Executive summary – Bajaj Finance
Executive summary – Bajaj Finance • Focused on Urban, Rural, SME, Commercial and Payments businesses • Strategic business unit organisation design supported by horizontal common utility functions to drive domain expertise, scalability and operating leverage • Focused on cross sell, customer experien
Slide 33: Executive summary – Bajaj Finance
Executive summary – Bajaj Finance • Offers unsecured working capital loans to SME and self-employed professionals • Secured offerings include enterprise loans against property SME Business • Focused on accelerating used car financing business • Focused on affluent SMEs with established financials &
Slide 34: Executive summary – Bajaj Housing Finance
Executive summary – Bajaj Housing Finance • A 100% subsidiary of Bajaj Finance Limited • Independent organisation 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 pr
Slide 35: 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 36: 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, Mutual Funds, IPOs and Distribution of PMS Overview • Broking business caters to two different business
Slide 37: Section 03 Financial performance
3.1 Financial statement summary – Consolidated Section 03 Financial statement summary – 3.2 Bajaj Finance Limited Financial performance Financial statement summary – 3.3 Bajaj Housing Finance Limited 3.4 Financial statement summary – Bajaj Financial Securities Limited 37
Slide 38: Financial summary – Consolidated
Financial summary – Consolidated ₹ in Crore Financials snapshot Q4 FY24 Q4 FY23 Q-o-Q FY24 FY23 Y-o-Y Assets under management 3,30,615 2,47,379 34% 3,30,615 2,47,379 34% Assets under finance 3,26,293 2,42,269 35% 3,26,293 2,42,269 35% Interest income 13,230 9,846 34% 48,307 35,549 36% Interest expen
Slide 39: Financial summary – Bajaj Finance
Financial summary – Bajaj Finance ₹ in Crore Financials snapshot Q4 FY24 Q4 FY23 Q-o-Q FY24 FY23 Y-o-Y Assets under management 2,44,826 1,80,999 35% 2,44,826 1,80,999 35% Assets under finance 2,43,334 1,79,097 36% 2,43,334 1,79,097 36% Interest income 11,201 8,283 35% 40,783 30,142 35% Interest expe
Slide 40: Financial summary – Bajaj Housing Finance
Financial summary – Bajaj Housing Finance ₹ in Crore Financials snapshot Q4 FY24 Q4 FY23 Q-o-Q FY24 FY23 Y-o-Y Assets under management 91,370 69,228 32% 91,370 69,228 32% Assets under finance 79,301 62,114 28% 79,301 62,114 28% Interest income 1,907 1,520 25% 7,202 5,269 37% Interest expenses 1,278
Slide 41: Financial summary – Bajaj Financial Securities
Financial summary – Bajaj Financial Securities ₹ in Crore Financials snapshot Q4 FY24 Q4 FY23 Q-o-Q FY24 FY23 Y-o-Y Assets under finance (MTF book) 3,817 1,064 259% 3,817 1,064 259% Interest income 119 37 222% 318 132 141% Interest expenses 81 24 238% 206 69 199% Net interest income 38 13 192% 112 6
Slide 42: Section 04 Asset liability management
Conservative leverage standards – 4.1 Consolidated 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 4.6 Cons
Slide 43: 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 7.0 28.3% 27.2% 6.8 25.0% 6.6 25.0% 24.6% 6.3 24.7% 6.3 23.9% 23.2% 25.1% 24.8% 22.5% 21.3% 23.2% 23.0% 21.9% 5.4 22.8% 5.2 5.4 21.5% 20.7% 5.1 20.3% 5.1 4.7 4.9 4.7 4.9 * 19.5% 19.7% 18.0% 16.1% 16.3% 14.2% 14.6% 5.7% 5
Slide 44: Resilient business model – Consolidated
Resilient business model – Consolidated 46.5% 45.0% 43.1% 42.5% 41.4% 41.8% 38.4% 37.8% 36.9% 36.0% 35.3% 35.4% 34.6% 34.6% 33.9% 34.0% 33.3% 30.7% 35.1% 34.0% 29.9% 33.5% 34.0% 27.2% 26.4% 25.9% 9.87% 9.47% 9.00% 8.24% 8.27% 8.39% 7.84% 7.61% 7.67% 7.76% 7.86% 6.81% 7.04% 5.3% 5.4% 5.2% 4.9% 4.8% 3
Slide 45: Behaviouralized ALM as of 31 Mar 2024 – BFL
Behaviouralized ALM as of 31 Mar 2024 – 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 23,567 3 3,527 558 1,133 571 608 3,344 1,865 11,406 46,583 Advances 9,445 3,063 5,900 12,038 12,136 27,653 43,964 93,126 25,803 18,935 2,
Slide 46: Behaviouralized ALM as of 31 Mar 2024 – BHFL
Behaviouralized ALM as of 31 Mar 2024 – 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 65 6 11 99 - 587 732 - 504 - 2,003 Advances 718 827 677 1,678 1,614 4,708 7,990 22,756 13,730 24,602 79,301 Other inflows 2,000 250 462 8
Slide 47: Disciplined ALM Management - BFL
Disciplined ALM Management - BFL Cumulative gap upto 1 month Cumulative gap upto 12 month 220% 216% 119% 120% 93% 85% 82% 96% 80% 66% 61% 59% 71% 51% 48% 57% 54% 50% 31% 44% 43% 32% 31% 31% 34% 30% Mar'15 Mar'16 Mar'17 Mar'18 Mar'19 Mar'20 Mar'21 Mar'22 Mar'23 Jun'23 Sep'23 Dec'23 Mar'24 47
Slide 48: Consolidated liability mix
Consolidated liability mix 3% 4% 3% 1% 1% 1% 2% 5% 5% 3% 10% 12% 13% 5% 9% 9% 11% 4% 7% 8% 12% 3% 14% 3% 2% 2% 2% 1% 7% 6% 4% 1% 1% 33% 38% 36% 34% 36% 33% 35% 33% 40% 32% 36% 40% 45% 33% 32% 33% 36% 31% 31% 30% 28% 54% 48% 34% 35% 25% 20% 19% 21% 21% 21% 22% 21% 17% 12% 13% 6% 8% 4% Mar'15 Mar'16 M
Slide 49: Section 05 Customer franchise and distribution reach
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 49
Slide 50: Customer franchise
Customer franchise Q4 FY23 Q4 FY24 Q3 FY24 Total Franchise 83.64 MM 80.41 MM 69.14 MM 53.63 MM Credit segment filter 65.96 MM 62.88 MM 51.95 MM Overall Cross sell franchise 64.16 MM 61.13 MM Non delinquent 45.87 MM customers 56.73 MM 54.08 MM Cross sell franchise 40.56 MM 50.75 MM 49.28 MM (58.7%)*
Slide 51: 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 and its subsidiaries. Product offerings are classified into 4 product segments: 1. Lending: All len
Slide 52: Geographic presence
Geographic presence 31 Mar 31 Mar 31 Mar 30 Jun 30 Sep 31 Dec 31 Mar Geographic Presence 2021 2022 2023 2023 2023 2023 2024 Urban lending locations 1,298 1,368 1,392 1,422 1,469 1,538 1,569 Rural lending locations 1,690 2,136 2,341 2,406 2,465 2,554 2,576 Total Bajaj Finance presence 2,988 3,504 3,7
Slide 53: Strong distribution reach
Strong distribution reach Active distribution 31 Mar 2021 31 Mar 2022 31 Mar 2023 30 Jun 2023 30 Sep 2023 31 Dec 2023 31 Mar 2024 Consumer durable stores – Urban 26,400+ 30,600+ 33,950+ 36,850+ 38,850+ 40,150+ 42,000+ Consumer durable stores – Rural 24.000+ 29,800+ 37,000+ 39,850+ 43,350+ 46,300+ 49
Slide 54: Section 06 Business segment wise AUM
Section 06 6.1 Business segment wise AUM - Consolidated Business Segment wise Business segment wise AUM – AUM 6.2 Consolidated Mortgages and BHFL 54
Slide 55: Business segment wise AUM - Consolidated
Business segment wise AUM - Consolidated ₹ in Crore Consolidated Consolidated Composition Composition BFL as of BHFL as of Growth Particulars as of as of as of as of 31 Mar 2024 31 Mar 2024 YoY 31 Mar 2023 31 Mar 2024 31 Mar 2023 31 Mar 2024 Two & Three-wheeler Finance 12,979 19,742 - 19,742 52% 5.2
Slide 56: Business segment wise AUM - Mortgages
Business segment wise AUM - Mortgages ₹ in Crore AUM as of AUM as of Growth Mix as of Mix as of Particulars 31 Mar 2023 31 Mar 2024 YoY 31 Mar 2023 31 Mar 2024 Consolidated mortgages Home Loans 44,109 54,095 23% 56.8% 52.4% Loan Against Property 14,999 20,875 39% 19.3% 20.2% Lease Rental Discounting
Slide 57: Section 07 Update on credit quality
7.1 Provisioning Coverage - Consolidated 7.2 Stagewise ECL provisioning – Consolidated Section 07 Provisioning Coverage - BHFL Update on credit quality 7.3 7.4 Stagewise ECL provisioning - BHFL 7.5 Portfolio credit quality - Consolidated 57
Slide 58: Provisioning Coverage - Consolidated
Provisioning Coverage - Consolidated ₹ in Crore AUM PCR GNPA % NNPA % Particulars GNPA NNPA 31 Mar 24 (%) 31 Mar 23 31 Dec 23 31 Mar 24 31 Mar 23 31 Dec 23 31 Mar 24 Two & Three-wheeler Finance 19,742 616 322 48% 4.79% 2.83% 3.04% 2.43% 1.43% 1.61% Urban Sales Finance 23,448 136 24 82% 0.40% 0.71% 0
Slide 59: 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 Two & Three-wheeler Finance 18,744 874 616 105 93 294 0.6% 10.6% 47.8% Urban Sales Finance 23,390 292 136 125 133 112 0.5% 45.4% 82
Slide 60: Provisioning Coverage - BHFL
Provisioning Coverage - BHFL ₹ in Crore AUM PCR GNPA % NNPA % Particulars GNPA NNPA 31 Mar 24 (%) 31 Mar 23 31 Dec 23 31 Mar 24 31 Mar 23 31 Dec 23 31 Mar 24 Home Loans 52,819 132 51 62% 0.21% 0.26% 0.27% 0.07% 0.11% 0.10% Loan Against Property 9,568 54 20 63% 0.82% 0.71% 0.68% 0.32% 0.31% 0.25% Lea
Slide 61: 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 48,999 162 132 122 38 81 0.25% 24% 62% Loan Against Property 7,793 117 54 47 26 34 0.60% 22% 63% Lease Rental Discou
Slide 62: Portfolio credit quality – Consolidated
Portfolio credit quality – Consolidated Consumer Durable & Lifestyle Two & three wheeler 1st Bucket 2nd Bucket 3rd Bucket 4th Bucket 5th Bucket 1st Bucket 2nd Bucket 3rd Bucket 4th Bucket 5th Bucket 5+ Bucket Stage Stage 1 98.65% 99.66% 99.63% 99.64% 99.59% 99.58% 99.51% 99.44% 99.38% 1 86.00% 86.02
Slide 63: Portfolio credit quality – Consolidated
Portfolio credit quality – Consolidated Business & Professional loans (excluding Car 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 99.01% 99.02% 99.05% 99.16% 99.25% 99.25% 99.25% 99.07% 98.77% 1 99.33% 99
Slide 64: Portfolio credit quality – Consolidated
Portfolio credit quality – Consolidated Car loans Gold loans 1st Bucket 2nd Bucket 3rd Bucket 4th Bucket 5th Bucket 1st Bucket 2nd Bucket 3rd Bucket 4th Bucket 5th Bucket Stage Stage 1 98.09% 98.98% 99.24% 99.34% 99.40% 99.33% 99.34% 99.27% 99.03% 1 97.93% 97.11% 96.16% 96.14% 96.01% 96.89% 97.80% 9
Slide 65: Section 08 Environment, Social and Governance (ESG)
Section 08 8.1 Focus areas Environment, Social and Key ESG initiatives and highlights Governance (ESG) 8.2 65
Slide 66: Focus areas
Focus areas The ambit of ESG is wide and evolving. In the Company’s Responsible and Sustainable Business Conduct policy, the following have been identified as focus areas which are aligned with NGBRC* as well as our NBFC business model. To achieve our ESG objectives and have a greater impact, we are
Slide 67: Key ESG initiatives and highlights
Key ESG initiatives and highlights Environment Social Governance • Implementation of Environmental • In last six years, we have added ~ 236 • Board approved ‘ESG committee’ policy to promote environment lakhs new to credit customers friendly practices across BFL group • Board approved ‘Code of Ethic
Slide 68: 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 69: Thank You
Q4 FY24 Investor Presentation Thank You
Slide 70: 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