BAJFINANCE / Q3-FY24 / 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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WatchQ3-FY24 · 2024-01-17Back to quarter ↗

Questions audited

11

Answered directly

59%

Numeric claims

0

Consistency

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Question ledger

What was answered, and how?

Viral Shah · IIFL Securities

partial

Confidence on urban B2C despite rising delinquencies?

Go by the data... in rural B2C, our numbers slowly go down, which is not how you see in urban B2C. So we'd rather be data dependent... At this point in time, it looks transient.

Viral Shah · IIFL Securities

partial

Is digital platform adoption slowing down?

focus on the star marks, that principally, it's a transient, because from the sixteenth of November, we could not do Insta EMI Card... we continue to invest deeply.

Viral Shah · IIFL Securities

direct

Any plans to apply for credit card license?

No. No.

Abhishek Murarka · HSBC

partial

Risk to growth from NPA pressures and regulatory scrutiny?

Growth is tailwind, margin is little bit of headwind, risk is little bit of headwind... we'll just continue to pivot and re-pivot between growth, margin, and risk.

Abhishek Murarka · HSBC

partial

What is happening with asset quality and credit cost guidance?

We remain at ever low GNPA and NPA... eventually everything will go back to pre-COVID... The number that Rajeev quoted at 179 basis points for the nine-month period is gross of any release from overlay.

Kunal Shah · Citigroup

evasive

Status of RBI embargo submission and feedback?

I would not like to make too much comments on it... we had given an initial submission... The final submission... is yet to be done... we should be able to do it very soon.

Kunal Shah · Citigroup

direct

Initial experience with new product rollouts?

new auto loans... we are now doing INR 240-INR 250 crore odd... On two-wheeler... we are now doing 27 to between 27 and 30,000 accounts a month... MFI... is a slow burn train.

Kuntal Shah · Oaklane Capital

partial

Why only one-year extension for RBL credit card partnership?

RBI has granted one-year renewal... RBI has communicated with the company that has noted certain deficiencies... we are engaging with RBI and our partner, RBL, and are committed to resolve all the deficiencies.

Kuntal Shah · Oaklane Capital

direct

Why is digital signature and vernacular language difficult to solve?

At scale, at 105--25,000 or 150,000 loans a day... is where the complexity emerges... we have taken a decision that we will do it by March 2024 for all our products.

Antariksha Banerjee · ICICI Prudential

partial

Is rural B2C stress spreading to higher ticket loans?

even in rural, the numbers have come from lower ticket and the value has come from high tickets... the flow rates of a... lower ticket is higher than the higher ticket. But adjusted for net outcomes... it is our sweet spot... remains between INR 200,000 and INR 400,000.

Piran Engineer · CLSA India

direct

Why has credit card sourcing stagnated?

we understand from our partners that they've also experienced deterioration... and have contained the growth, based on their AIP engines.

Piran Engineer · CLSA India

partial

What has changed in rural lending thesis?

access has improved... clearly we could pick and choose more earlier than now, given massive supply... significant competitive activity and increase supply side, has sharpened the funnel.