Over the last several years, I have had great satisfaction in seeing how well your Company has performed and in writing this letter to you. I say this without any exaggeration.
Bajaj Finance Ltd.(BFL) is a truly great company that produces outstanding results year after year and provides the kind of value that shareholders dream of.
Total Income
Profit Before Tax
Profit After Tax
#New Loans Booked
Customer Franchise
AUM Consolidated
Net interest income
Total Operating Cost
Consolidated NNPA (Lowest among industry)
OPEX to NII
Capital Adequacy
Tier 1 Adequacy
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BFL continued to be the dominant consumer durables, furniture and digital products lender in India in FY2019.
It financed 12.7 million consumer durable and digital products purchases in FY2019 against 9.9 million in the previous year, a growth of 29%.
SME lending offers secured and unsecured loans to its customers.
Unsecured lending is done through two product offerings: business loans to small and medium enterprises and to the self-employed, and professional loans.
This business caters to financial services need of rural consumers. In FY2019, BFL expanded its rural footprint by setting up branches in two new states and penetrating deeper in the existing states.
At the end of FY2019, it was present in 903 locations across 13 states and union territories in India.
Commercial lending comprises six products:
Loan against securities
Loans to financial institution group lending
Warehouse receipt financing
Working and growth capital loans to auto component manufacturers
Loans to light engineering and
Speciality chemical industry verticals.
At the end of FY2019, BFL had a deposit book of ₹ 13,193 crore, representing a growth of 69% compared to the end of FY2018. The deposit book’s contribution to BFL’s standalone borrowing was 15% against 12% as at the end of FY2018.
In partnership with various financial service providers, BFL offers the following products to its customers: life insurance, health insurance, extended warranty, comprehensive asset care, co-branded credit card, co-branded wallets and financial fitness reports.
* Indexed to 100 on 31 March 2018
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