Bajaj Finance Limited reported a Gross Non-Performing Assets (GNPA) ratio of 1.06% for the quarter ending September 30, 2024, a slight increase from 0.91% in the same period last year. The company’s Net Non-Performing Assets (NNPA) rose to 0.46% from 0.31% in Q2 FY24.
The company’s loan loss provisions stood at ₹1,909 crore for Q2 FY25, up from ₹1,077 crore in the corresponding quarter last year. Bajaj Finance’s provisioning coverage ratio for stage 3 assets was 57%.
- Assets Under Management (AUM) increased by 29% YoY to ₹3,73,924 crore as of September 30, 2024.
- The company’s capital adequacy ratio (CRAR) was reported at 21.69%, indicating sufficient capital levels to cover potential risks.
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Bajaj Finance