Bajaj Finance's AUM under moratorium falls to 15.5% in June

Top Stories

»	PM Modi inaugurates ESTIC 2025, launches Rs one lakh crore RDI Scheme Fund
»	FM Sitharaman embarks on Bhutan visit to deepen economic, developmental cooperation
»	Trump, Xi agree on one-year rare earth supply deal amid easing trade tensions
»	Adding more women in STEM sectors imperative for Viksit Bharat vision
»	US Fed rate cut clear signal for RBI to follow suit in next MPC: Experts

SME Times News Bureau | 07 Jul, 2020
Assets under management (AUM) of Bajaj Finance under moratorium has reduced from 27 per cent as of April 30 to 15.5 per cent as of June 30.

In a regulatory filing, the company further said that it may consider additional accelerated provisioning for COVID-19 in the first quarter of FY 2020-21 to further strengthen its balance sheet.

Its total AUM stood at around Rs 1.38 lakh crore as of June 30, 2020 as compared to Rs 1.28 lakh crore as of June 30, 2019.

"The company continues to remain well capitalized with capital adequacy ratio (CRAR) of approximately 26.4 per cent as of 30 June, 2020," it said.

Its consolidated liquidity surplus was around Rs 17,600 crore as of June-end. "The company's liquidity position remains very strong," the filing said.

Shares of Bajaj Finance surged on Tuesday. At 12.37 p.m., they were trading on the BSE at Rs 3,230.15, higher by Rs 121.10 or 3.90 per cent from its previous close.