Bajaj Finance Limited · NSE:BAJFINANCE
Bajaj Finance — Q4 FY23 Earnings Presentation
65 slides from Bajaj Finance's earnings presentation, Apr 26, 2023
Slide 1: Bajaj Finance Limited – Investor Presentation Cover Letter
BAJAJ FINANCE LIMITED 26 April 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: 50003
Slide 2: Q4 FY23 Investor Presentation
Q4 FY23 Investor Presentation 26 April 2023
Slide 3: 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 FY23 3 FY23 36 reach 47 54 Section 02 Section 04 Section 06 Bajaj Finance Asset liability Business segment wise Limited overvie
Slide 4: Section 01: Executive summary – Q4 FY23
1.1 Quarter and Year gone by Section 01 1.2 Lead financial indicators Executive summary – Q4 FY23 1.3 Consolidated financial performance – FY23 1.4 Omnipresence strategy update 3
Slide 5: Q4 FY23 Executive summary
Q4 FY23 Executive summary Excellent quarter across all financial and portfolio metrics. Delivered ₹ 16,537 crore of core AUM growth in Q4. Added 3.09 MM new customers to the franchise in Q4. All products and services are now live on Web and App digital platforms. As of 31 March 2023, App platform ha
Slide 6: FY23 Executive summary
FY23 Executive summary Excellent year across all financial and portfolio metrics. Delivered core AUM growth of ₹ 55,292 crore, disbursed 29.6 MM loans and added 11.6 MM new customers to the franchise, a highest ever. Fully live on App and Web platforms with 35.5 MM net users on App platform. Given t
Slide 7: Lead financial indicators (1/5)
Lead financial indicators (1/5) Balance sheet and business metrics 1. Highest ever quarterly AUM growth of ₹ 16,537 crore in FY23. In FY23, the Company added ₹ 55,292 crore of core AUM. 2. Core AUM was up 29% at ₹ 2,47,379 crore as against ₹ 1,92,087 crore as of 31 March 2022. In FY23, AUM compositi
Slide 8: Lead financial indicators (2/5)
Lead financial indicators (2/5) 9. In Q4, cost of funds was 7.39%, an increase of 25 bps over Q3 FY23. Given strong ALM management and diversified balance sheet profile, there was no impact of interest rate hikes on NIM in FY23. We expect gradual moderation in margins in FY24. 10. Deposits book grew
Slide 9: Lead financial indicators (3/5)
Lead financial indicators (3/5) Profitability and capital 18. Consolidated profit before tax grew by 31% to ₹ 4,261 crore in Q4 FY23 as against ₹ 3,265 crore in Q4 FY22. 19. Consolidated profit after tax grew by 30% to ₹ 3,158 crore in Q4 FY23 as against ₹ 2,420 crore in Q4 FY22. 20. In Q4, the Comp
Slide 10: Lead financial indicators (4/5)
Lead financial indicators (4/5) Liquidity and cost of fund 29. Liquidity buffer stood at ₹ 2,109 crore as of 31 March 2023. 30. In Q4, cost of funds was 7.48%, an increase of 36 bps over Q3 FY23. 31. Borrowing mix - Banks : NHB : Money market : Assignment : ICD stood at 52% : 3% : 32% : 12% : 1% as
Slide 11: Lead financial indicators (5/5)
Lead financial indicators (5/5) Profitability and capital 38. Profit before tax grew by 52% to ₹ 407 crore in Q4 FY23 as against ₹ 267 crore in Q4 FY22. 39. Profit after tax grew by 53% to ₹ 302 crore in Q4 FY23 as against ₹ 198 crore in Q4 FY22. 40. In Q4, the Company delivered annualized ROA of 2.
Slide 12: Consolidated financial performance - FY23
Consolidated financial performance - FY23 11
Slide 13: Executive summary FY23 - Consolidated
Executive summary FY23 - Consolidated Balance Sheet and customer franchise: 1. Core AUM was up 29% at ₹ 2,47,379 crore as against ₹ 1,92,087 crore as of 31 March 2022. 2. New loans booked increased by 20% to 29.58 MM as of 31 March 2023 as against 24.68 MM as of 31 March 2022. 3. Customer franchise
Slide 14: Executive summary FY23 - Consolidated
Executive summary FY23 - Consolidated 9. The Board of Directors has recommended a dividend of ₹ 30 per equity share of the face value of ₹ 2 (1500%) for FY23. This amounts to 17.65% of standalone profit for FY23 and is in line with the Company’s dividend distribution policy. 10. ROA for FY23 was 5.3
Slide 15: Omnipresence strategy update
Omnipresence strategy update 14
Slide 16: Omnipresence strategy update
Omnipresence strategy update Geography – 19 new locations added 1. Total geographic footprint stood at 3,733 locations and 1,54,650+ distribution points. The Company added 19 new locations and 10,750+ distribution points in Q4 FY23. The Company added 229 new locations in FY23. Adding 150 new locatio
Slide 17: Omnipresence strategy update
Omnipresence strategy update Payments – Continue to narrow gap with leading payment Apps on features 7. A scalable UPI infrastructure has gone live on consumer App platform. It is scaling well and will help improve performance. UPI Stack also added new features like enhanced Contact Mapper capabilit
Slide 18: Omnipresence strategy update (1/2)
Omnipresence strategy update (1/2) Particulars Unit Q3 FY23 Q4 FY23 FY23 (A) FY23 (E) New locations added – in the Qtr # 29 19 229 400-450 Locations - Cumulative # 3,714 3,733 3,733 3,900-3,950 Gold loan branches – Cumulative # 179 181 181 375 Downloads – In the Qtr # in MM 14.84 13.43 51.87 53-55 N
Slide 19: Omnipresence strategy update (2/2)
Omnipresence strategy update (2/2) Particulars Unit Q3 FY23 Q4 FY23 FY23 (A) FY23 (E) App business metrics EMI cards acquired on App – In the Qtr # in ‘000 100 99 368 300-325 Personal loan disbursed on App – In the Qtr In ₹ cr 2,301 2,607 9.4K 9-10K Credit card acquisition on App - In the Qtr # in ‘
Slide 20: Customer franchise - Key financial metrics
Customer franchise - Key financial metrics Particulars Unit FY17 FY18 FY19 FY20 FY21 FY22 FY23 New loans booked In MM 10.1 15.3 23.5 27.4 16.9 24.7 29.6 New customer addition In MM 4.1 6.1 8.3 8.1 6.0 9.0 11.6 Existing customer mix % 59.8% 60.3% 64.8% 70.4% 64.6% 63.5% 60.9% Total franchise in MM 20
Slide 21: Section 02: Bajaj Finance Limited overview
2.1 Bajaj group structure 2.2 What do we stand for BFL Consolidated and BHFL long-term 2.3 guidance on financial metrics Section 02 2.4 Key strategic differentiators Our shareholder profile Bajaj Finance Limited 2.5 overview 2.6 BFL Consolidated 16-years financial snapshot 2.7 BHFL 6-years financial
Slide 22: 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 23: 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 24: 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% 23
Slide 25: 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% 24
Slide 26: 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 69.14 MM Strong focus on cross selling assets, payments, Highly data oriented. Deep
Slide 27: Our shareholder profile
Our shareholder profile Top 20 investors & their holdings As on 31 As on 31 As on 31 S.No Name of Shareholder Mar 22 Dec 22 Mar 23 1 BAJAJ FINSERV LTD 52.49% 52.49% 52.49% 2 GOVERNMENT OF SINGAPORE 3.19% 3.44% 3.41% FII & FPI 3 MAHARASHTRA SCOOTERS LIMITED 3.13% 3.13% 3.13% 19.17% 4 SBI NIFTY 50 ETF
Slide 28: 16-years financial snapshot - Consolidated
16-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 (16 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 2,47,379 36% Tota
Slide 29: 6-years financial snapshot - BHFL
6-years financial snapshot - BHFL ₹ in crore CAGR Financials snapshot FY18 FY19 FY20 FY21 FY22 FY23 (6 yrs.) AUM 3,570 17,562 32,705 38,871 53,322 69,228 81% Total income 106 1,156 2,646 3,155 3,767 5,665 122% Interest expenses 47 685 1,616 1,966 2,155 3,211 133% Net Interest Income (NII) 59 471 1,0
Slide 30: 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 31: 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 32: 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 33: 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 34: 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 35: 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 36: Executive summary – BFSL
Executive summary – BFSL Q4 capabilities In Q4 FY23, 61 new features were added on Web and App platforms update Gone live with below capabilities on web and mobile during Q4 FY23: ▪ UI Revamp – Enhanced UI interface of Web and Mobile for better user experience ▪ Bonds India - 3 Party platform for ap
Slide 37: Section 03: Financial performance – Q4 FY23
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 36
Slide 38: Financial statement summary – Consolidated
Financial statement summary – Consolidated ₹ in Crore Financials snapshot Q4 FY23 Q4 FY22 Y-o-Y FY23 FY22 Y-o-Y Assets under management 2,47,379 1,97,452 25% 2,47,379 1,97,452 25% Core Assets under management 2,47,379 1,92,087 29% 2,47,379 1,92,087 29% Assets under finance 2,42,269 1,91,423 27% 2,42
Slide 39: Financial statement summary – Bajaj Finance Ltd
Financial statement summary – Bajaj Finance Ltd ₹ in Crore Financials snapshot Q4 FY23 Q4 FY22 Y-o-Y FY23 FY22 Y-o-Y Assets under management 1,80,999 1,46,743 23% 1,80,999 1,46,743 23% Core Assets under management 1,80,999 1,41,378 28% 1,80,999 1,41,378 28% Assets under finance 1,79,097 1,44,276 24%
Slide 40: Financial statement summary – BHFL
Financial statement summary – BHFL ₹ in Crore Financials snapshot Q4 FY23 Q4 FY22 Y-o-Y FY23 FY22 Y-o-Y Assets under management 69,228 53,322 30% 69,228 53,322 30% Assets under finance 62,114 46,482 34% 62,114 46,482 34% Interest income 1,520 961 58% 5,269 3,482 51% Fees, commission, and other non-i
Slide 41: Section 04: Asset liability management
4.1 Conservative leverage standards – 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 42: 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 6.8 28.34% 6.6 27.22% 6.2 6.3 6.3 26.16% 24.7% 25.0% 25.10% 24.75% 25.13% 25.14% 24.97% 23.84% 23.28% 5.4 23.14% 23.20% 5.1 5.0 5.1 * 20.7% 4.9 4.8 4.9 20.3% 4.7 19.5% 19.7% 19.1% 21.3% 18.0% 16.2% 16.1% 16.3% 14.2%
Slide 43: 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% 35.6% 34.6% 33.3% 30.7% 35.9% 35.9% 29.9% 34.7% 34.1% 28.4% 33.5% 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% 7.39% 5.3% 5.4% 5.4% 5.40% 3.6%
Slide 44: Behaviouralized ALM as of 31 March 2023 – BFL
Behaviouralized ALM as of 31 March 2023 – 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 6,647 9,367 1,682 6 40 228 308 3,279 1,253 9,230 32,041 Advances 6,002 1,958 4,444 8,217 7,596 19,054 28,619 67,353 23,809 15,875 1,82,
Slide 45: Behaviouralized ALM as of 31 Mar 2023 – BHFL
Behaviouralized ALM as of 31 Mar 2023 – 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 457 215 25 99 - 699 599 15 - - 2,110 Advances 714 413 647 1,358 1,304 3,715 6,478 17,820 10,340 19,326 62,114 Other inflows - - 1,058 679
Slide 46: 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% 93% 96% 73% 61% 80% 71% 51% 48% 57% 54% 50% 31% 44% 43% 43% 40% 32% 31% 4% Mar'14 Mar'15 Mar'16 Mar'17 Mar'18 Mar'19 Mar'20 Mar'21 Mar'22 Jun'22 Sep'22 Dec'22 Mar'23 45
Slide 47: Consolidated liability mix
Consolidated liability mix 3% 4% 3% 3% 3% 1% 1% 5% 5% 13% 3% 10% 12% 13% 5% 7% 10% 9% 4% 7% 8% 9% 3% 2% 2% 7% 3% 2% 2% 2% 3% 6% 4% 33% 38% 25% 36% 35% 34% 35% 35% 35% 40% 36% 40% 45% 31% 31% 33% 36% 31% 31% 28% 58% 54% 48% 34% 35% 25% 20% 19% 20% 22% 21% 21% 17% 12% 13% 6% 8% 1% 4% Mar'14 Mar'15 Mar
Slide 48: 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 47
Slide 49: Customer franchise
Customer franchise Q4 FY22 Q4 FY23 Q3 FY23 Total Franchise 69.14 MM 66.05 MM 57.57MM 45.21 MM Credit segment filter 53.63 MM 51.30 MM 43.62 MM Overall Cross sell franchise 51.95 MM 49.66 MM Non delinquent 38.60 MM customers 45.87 MM 43.86 MM Cross sell franchise 32.77 MM 40.56 MM 38.58 MM (56.9%)* (
Slide 50: Geographic presence
Geographic presence 31 Mar 31 Mar 31 Mar 30 Jun 30 Sep 31 Dec 31 Mar Geographic Presence 2020 2021 2022 2022 2022 2022 2023 Urban lending branches 1,035 1,298 1,368 1,368 1,372 1,392 1392 Rural lending branches 1,357 1,690 2,136 2,218 2,313 2,322 2341 Total Bajaj Finance presence 2,392 2,988 3,504 3
Slide 51: Strong distribution reach
Strong distribution reach Active distribution 31 Mar 2020 31 Mar 2021 31 Mar 2022 30 Jun 2022 30 Sep 2022 31 Dec 2022 31 Mar 2023 Consumer durable stores – Urban 24,200+ 26,400+ 30,600+ 31,000+ 31,400+ 32,000+ 33,950+ Consumer durable stores – Rural 19,600+ 24.000+ 29,800+ 31,500+ 33,500+ 33,550+ 37
Slide 52: Section 06: Business segment wise AUM
Section 06 5.1 Business segment wise AUM - Consolidated Business Segment wise Business segment wise AUM – AUM 5.2 Consolidated Mortgages and BHFL 51
Slide 53: Business segment wise AUM - Consolidated
Business segment wise AUM - Consolidated ₹ in Crore Consolidated BFL as of Consolidated Composition Composition Assets Under Management BHFL as of Growth as of 31 March as of as of as of (Businesses) 31 Mar 2023 YoY 31 March 2022 2023 31 Mar 2023 31 Mar 2022 31 Mar 2023 Two & Three wheeler Finance 1
Slide 54: 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 March 2022 31 March 2023 31 March 2022 31 March 2023 Home Loans 35,278 42,586 21% 57% 55% Loan against property 12,573 13
Slide 55: 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 54
Slide 56: Provisioning Coverage - Consolidated
Provisioning Coverage - Consolidated ₹ in Crore AUM PCR GNPA % NNPA % Particulars 31 Mar 23 GNPA NNPA (%) 31 Mar 22 31 Dec 22 31 Mar 23 31 Mar 22 31 Dec 22 31 Mar 23 Two & Three Wheeler Finance 12,979 649 321 51% 11.01% 5.99% 4.79% 5.83% 3.08% 2.43% Urban Sales Finance 17,627 69 16 77% 2.81%* 0.64%
Slide 57: 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 12,237 682 649 127 134 328 1.0% 19.7% 50.5% Urban Sales Finance 17,642 137 69 104 64 53 0.6% 46.5% 77.3
Slide 58: Provisioning Coverage - BHFL
Provisioning Coverage - BHFL ₹ in Crore AUM PCR GNPA % NNPA % Particulars 31 Mar 23 GNPA NNPA (%) 31 Mar 22 31 Dec 22 31 Mar 23 31 Mar 22 31 Dec 22 31 Mar 23 Home Loans 41,037 76 27 65% 0.27% 0.19% 0.20% 0.12% 0.08% 0.07% Loan against property 6,538 29 12 59% 0.65% 0.59% 0.56% 0.33% 0.33% 0.23% Leas
Slide 59: 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 Home Loans 37,663 185 76 189 41 49 0.5% 22.4% 64.8% Loan against property 5,000 94 29 36 19 17 0.7% 20.1% 58.7% Lease rental discounting 9,
Slide 60: 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% 99.05% 99.58% 99.72% 97.89% 99.66% 99.63% 99.64% 99.59% 1 86.00% 71.14
Slide 61: 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 98.27% 97.30% 98.51% 98.73% 98.93% 99.02% 99.06% 99.14% 1 99.33% 98.89% 99.60% 99.82% 99.79% 99.
Slide 62: 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 99.72% current 1 99.60% 98.31% 99.05% 99.07% 99.63% 99.37% 99.41% 99.54% 99.56% 2 0.11% 1.36% 0.69% 0.62% 0.17% 0.42
Slide 63: 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 64: Thank You
BAJAJ FINANCE LIMITED Q4 FY23 Investor Presentation Thank You
Slide 65: 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