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