New loans booked during Q4FY20 were 6mn as compared to 5.8mn in Q4FY19. Customer franchise as of March 31, 2020, stood at 42.6mn as compared to 34.5 mn as of March 31, 2019. During the quarter, the Company acquired 1.9 mn new customers.
The Company is assessing the adequacy of provisioning for identified large accounts and will consider enhancing provisions for these accounts. The Company is also considering one-time accelerated provisioning for Covid-19 to further strengthen its provisioning standards.
The Company continues to remain well-capitalized with a capital adequacy ratio (CRAR) of ~25% as of March 31, 2020. Its consolidated liquidity surplus stood at Rs15,800cr as of March 31, 2020. The Company’s liquidity position remains very strong.
Deposit book stood at Rs21,400cr as of March 31, 2020, compared to Rs13,193cr as of March 31, 2019. The mix of the retail and corporate book stood at 72:28.
Bajaj Finance Ltd is currently trading at Rs2,260.45 up by Rs53.1 or 2.41% from its previous closing of Rs2,207.35 on the BSE.