BAJFINANCE / Q1-FY25 / claim-ledger

Audit the questions that mattered.

Bajaj Finance · Analyst questions, management answers, and the quality of the response where the ledger is available.

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WatchQ1-FY25 · 2024-07-17Back to quarter ↗

Questions audited

Answered directly

64%

Numeric claims

Consistency

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Question ledger

What was answered, and how?

Chintan Joshi · Autonomous Research

partial

NIM compression outlook from AUM mix shift and asset quality concerns

maybe by October quarter onwards you should see stabilization earnings. ... You will see one more quarter of movement as a result of NIM compression. But from there on the portfolio mix should largely hold.

Chintan Joshi · Autonomous Research

evasive

Whether asset quality issues are purely election-related

we are a risk-first business. We remain watchful across portfolios and based on the data we've already started to proactively prune segments, we've started to cut exposures.

Piran Engineer · CLSA

partial

Quantify credit cost impact from write-off policy change and confidence in H2 improvement

There's been no change in our impairment policy in the last one year Piran. ... we have reason to believe that we'll be able to control the subsequent flippage into Stage 3.

Kunal Shah · Citi Research

direct

Any revision to growth guidance (26-28%) or credit cost bias

We continue to maintain the same guidance at this stage. ... There's no change.

Kunal Shah · Citi Research

partial

Normalization of fee income post RBI restrictions

we could go live on EMI Card only on 10th of May. ... So there was drag for at least 50, 60 days even in Q1. So there is some level of residue that is sitting there which should flow through.

Antariksh Banerjee · ICICI Prudential AMC

direct

Clarify if credit cost increase is due to LGD or volume of bounces

the number of customers who are bouncing earlier ... Did we see a rapid increase in bounce rate? Answer is no. However all the customers were bouncing. It will see a little collection efficiency in the recovery is slower.

Antariksh Banerjee · ICICI Prudential AMC

direct

Markers for stress in Rural B2C and multiple loan trends

customers who are having multiple loans ... before COVID versus today, have you seen a much bigger increase? The answer is yes. Is it significant? Answer is no.

Dhaval Gada · DSP Mutual Fund

direct

Medium-term sustainable credit cost and new product scale-up

pre-COVID number was 192 basis points ... 172 basis points full year. ... the 170-185 you should pencil in between 175 and 185 basis points from a medium-term standpoint.

Abhishek Murarka · HSBC

partial

What needs to turn for Rural B2C growth and products per customer plateau

we are looking at pegging the loans at right average ticket size. ... the larger part part of the PPC is payment products and that drives our digital engagement strategy.

Avinash Singh · Emkay Global Financial Services

partial

Rising delinquencies in car loan segment and BHFL yield pressure

99.34% was current in September '23. ... the baseline numbers for us are very very low. ... We will publish next quarter onwards even the benchmark number.

Sandhya Agarwal · Unicorn Asset

partial

Vehicle finance credit cost trends and new product segments

two wheeler is a completely different genre. ... even when it is 11% stage two it is still a profitable business. ... We pretty well capture the full MSME space.

Umang Mantri · Oxbow Capital

direct

Correlation between B2C and MFI trends and OPEX impact from collections

The overlap with MFI is very, very little. ... we should continue to see OPEX to NIM gravitate downwards despite the augmenting the debt management infrastructure work that we're doing.