Last updated: 22 Oct, 2020 | 11:32 am
Bajaj Finance has followed a conservative strategy in the quarter. The company focussed primarily on capital preservation, liquidity management, and operating expense management. It followed a selective lending approach, as loans toward consumer and rural lending in the business-to-business category fell 19% YoY.
Going forward as the economy opens up, Bajaj Finance expects AUM growth in the range of 25-27%, and profit growth of 23-24%. The Gross NPA’s are expected in the range of 1.4-1.7%, while NPA’s would be in the 0.4-0.7% corridor.
The ongoing crisis has been especially hard for banks and NBFC’s. However, given its strong leadership position, the company is very well equipped to handle the crisis and has an extremely strong liquidity position.