Bajaj Finance - Second Wave Impact Manageable: Motilal Oswal

A man holds a two thousand Indian rupee banknote and a five hundred banknote. (Photographer: Dhiraj Singh/Bloomberg)

Bajaj Finance - Second Wave Impact Manageable: Motilal Oswal

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Motilal Oswal Report

Bajaj Finance Ltd. has released its mid-quarter update highlighting the impact of the second Covid wave on assets under management (Rs 40-50 billion, 3% of outstanding assets under management) and provisioning (Rs 11-13 billion, 0.8% additional credit cost).

A large portion of the provisioning is likely to be up-fronted in Q1.

New origination in B2B/other businesses are down to 40/60% versus planned level in May.

We have tweaked our estimate based on the revised guidance.

Click on the attachment to read the full report:

Motilal Oswal Bajaj Finance Q4FY21 Result Update.pdf


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