MUMBAI : Bajaj Finance Ltd has 27% of its loanbook under the three-month moratorium but has not allowed the deferment to customers with a high probability of default, said its managing director Rajeev Jain.
Jain spoke to analysts on Tuesday after declaring its March quarter results. The company’s consolidated assets under management stood at ₹1.43 trillion, of which ₹38,599 crore is under moratorium. “We chose to not give moratorium from an accounting standpoint to those customers who had high likelihood of default.
Of this 27%, around 70% loans have no recent bounce history, meaning these did not default in January, February and March," said Jain.