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.
Net curiosity revenue (NII) was at Rs 4,296 crore for the third quarter, down 5.three per cent year-on-year, as a result of larger reversal of curiosity revenue at Rs 450 crore in contrast with Rs 83 crore in Q3FY20 and better value of liquidity surplus at Rs 213 crore in contrast with Rs 83 crore in Q3FY20.
In the year-ago quarter of the earlier monetary yr, 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 towards 1.61 per cent and 0.70 per cent as of December 31, 2019, the corporate stated.
The firm reported mortgage losses and provision at Rs 1,352 crore towards Rs 1,700 crore quarter-over-quarter.
New loans booked throughout Q3FY21 have been 6.04 million towards 7.67 million in Q3FY20.
Assets beneath administration as of December 31, 2020, was Rs 1,43,550 crore towards Rs 1,45,092 crore year-over-year.