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

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

Assets under management (AUM) of Bajaj Finance under moratorium has reduced from 27 percent as of April 30 to 15.5 percent 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 percent 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 percent from its previous close.

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