Bajaj Finance - Accelerated Business Transformation Underway: Motilal Oswal
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Motilal Oswal Report
Bajaj Finance Ltd.’s annual report shares a glimpse of the management’s two-pronged strategy implemented in FY21:
Conservatism and prudence.
The acceleration of the business transformation plan.
With the various steps taken during the pandemic, the company is confident of achieving higher volumes, a leaner cost structure, and a strong digital platform offering superior services across the value chain.
The focus throughout the year was on:
Capital management (tier I of 25% plus).
Achieving abundant liquidity (12–13% of borrowings).
Lowering operating expenses (opex to assets down 70 basis point).
Expanding collections and servicing capabilities (costs up 18% YoY).
Gaining a sharp perspective on risk management.
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