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Analysts cut Bajaj Finance's FY22 earnings estimate as it warns of NPA hit

Bajaj Finance, in a mid-quarter update, indicated that its B2B and Auto Finance businesses were most affected due to strict lockdowns in majority of states

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Courtesy weakness in economic activity, the management also said EMI bounce rates, which had reached pre-Covid levels in Q4FY21, were up by around 8 per cent in Q1FY22

Nikita Vashisht New Delhi

5 min read Last Updated : Jun 07 2021 | 3:53 PM IST

Shares of Bajaj Finance (BAF) tumbled 5 per cent to Rs 5,681 apiece on the BSE in Monday's intra-day trade as the consumer financier voiced concerns over asset quality issues due to localised lockdowns following a second wave of Covid-19.

After reporting a healthy performance in Q4FY21, the management of Bajaj Finance, in a mid-quarter update, indicated that its B2B and Auto Finance businesses were most affected due to strict lockdowns in majority of states. "These businesses delivered 70 per cent of their planned volumes in April, 2021 and their volumes dropped to 40 per cent in May. As a

Topics : Coronavirus Bajaj Finance Buzzing stocks Non performing assets India economy NPA crisis NPA

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