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Bajaj Finance’s Revenue Declines 29% 12 months-on-12 months In Q3

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AUM as of December 31, 2020, was Rs 1,43,550 crore in opposition to Rs 1,45,092 crore year-over-year.

Bajaj Finance on Wednesday reported a 29 per cent year-on-year fall in consolidated web revenue at Rs 1,145.98 crore for the quarter ended December 2020. The financier’s revenue within the year-ago interval was at Rs 1,614.11 crore.

Internet curiosity revenue (NII) was at Rs 4,296 crore for the third quarter, down 5.three per cent year-on-year, as a consequence of larger reversal of curiosity revenue at Rs 450 crore in contrast with Rs 83 crore in Q3FY20 and better price of liquidity surplus at Rs 213 crore in contrast with Rs 83 crore in Q3FY20.

Within the year-ago quarter of the earlier monetary 12 months, NII was at Rs 4,535 crore, the corporate reported.

Gross non- performing asset (NPA) and web NPA as of December 31, 2020, was at 0.55 per cent and 0.19 per cent, respectively in opposition to 1.61 per cent and 0.70 per cent as of December 31, 2019, the corporate stated.

The corporate reported mortgage losses and provision at Rs 1,352 crore in opposition to Rs 1,700 crore quarter-over-quarter.

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New loans booked throughout Q3FY21 have been 6.04 million in opposition to 7.67 million in Q3FY20.

Belongings beneath administration as of December 31, 2020, was Rs 1,43,550 crore in opposition to Rs 1,45,092 crore year-over-year.

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