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Bajaj Finance to continue Covid provisioning, strengthen its balance sheet

The lender, in Q1FY21, took an additional contingency provision of Rs 1,450 crore for the pandemic, taking the total amount to Rs 2,350 crore as of June 30

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The company's capital adequacy ratio at the end of Q2FY21 stood at 26.5 per cent, which is almost the same as in Q1FY21 | Photo: Representative Image

Subrata Panda Mumbai
Bajaj Finance will continue to provisioning for the coronavirus pandemic in Q2 FY21 to strengthen its balance sheet, the company said on Tuesday.

The lender, in Q1FY21, took an additional contingency provision of Rs 1,450 crore for the pandemic, taking the total amount to Rs 2,350 crore as of June 30.

The company's capital adequacy ratio at the end of Q2FY21 stood at 26.5 per cent, which is almost the same as in Q1FY21. In an exchange filing, the company said it continues to remain well capitalized with capital adequacy ratio (CRAR) of approximately 26.5 per cent as of 30

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