Bajaj Finance's deposit book grows more than 62% to Rs 21.4 billion in the fourth quarter

NEW DELHI: On Monday it stated that its liquidity position is solid and its deposit portfolio grew more than 62 percent to Rs 21.4 billion rupees in the last quarter of fiscal year 2019-20.

The company continues to be well capitalized with a capital adequacy ratio (CRAR) of approximately 25 percent as of March 31, 2020, it said in a regulatory document.

The company's liquidity position remains very strong. The deposit portfolio stood at Rs 21.4 billion as of March 31, 2020 compared to Rs 13.193 billion as of March 31, 2019, he said.

Bajaj Finance said it is also considering accelerated one-time provisioning for Covid-19 to further strengthen its provisioning standards.

Furthermore, he said that assets under management (AUM) were at Rs 1.47.6 billion rupees as of March 31, 2020 compared to Rs 1.15.888 billion rupees as of March 31, 2019.

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