Sun, 20 Sep 2020

Mumbai (Maharashtra) [India], April 6 (ANI): Bajaj Finance said on Monday that its assets under management (AUM) stood at Rs 1.47 lakh crore as of March 31 as compared to Rs 1.15 lakh crore in the year-ago period.

The company continues to remain well capitalised with a capital adequacy ratio of 25 per cent. "The consolidated liquidity surplus stood at Rs 15,800 crore as of March 31. The company's liquidity position remains very strong," it said in regulatory filings at stock exchanges.

The deposit book stood at Rs 21,400 crore as of March 31 compared to Rs 13,193 crore a year ago. The mix of retail and corporate book stood at 72:28.

The customer franchise as of March 31 stood at 42.6 million as compared to 34.5 million on March 31 last year.

During the January to March quarter, the company acquired 1.9 million new customers. New loans booked during Q4 FY20 totalled 6 million as compared to 5.8 million in Q4 FY19.

"The company is assessing adequacy of provisioning for identified large accounts and will consider enhancing provisions for these accounts," it said.

"The company is also considering one-time accelerated provisioning for COVID-19 to further strengthen its provisioning standards," it added. (ANI)

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