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For Bajaj Finance, recovery from pandemic would be slow

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₹6,000-6,300 crore for FY21) over the pre-pandemic credit cost of previous year," the lender said.Analysts believe that this increases the odds of continued higher provisioning in FY21 and therefore the pressure on earnings would remain.The net profit miss for June quarter was due to increased provisioning.

Bajaj Finance set aside ₹1450 crore as contingency provisions towards risks arising out of the pandemic. This is higher than ₹900 crore it had made in the previous quarter.The good side of this is that Bajaj Finance has a total contingency provision of ₹2350 crore which covers about 10% of its moratorium book.

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COVID-19
United States
United States
Cases: 46 252 513
Deaths: 750 423
Recovered: 0
India
India
Cases: 34 321 025
Deaths: 459 652
Recovered: 0
Brazil
Brazil
Cases: 21 835 785
Deaths: 608 235
Recovered: 0
United Kingdom
United Kingdom
Cases: 9 215 683
Deaths: 141 607
Recovered: 0
Russia
Russia
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
Detail statistic
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Covid-19.rehab - the latest news concerning the spread of the SARS-CoV-2 coronavirus (formerly 2019-nCoV), as well as the infectious disease that it causes COVID-19, in separate countries and in the world as a whole. Current news on the topic of coronavirus SARS-CoV-2. Quarantine, pandemic 2020, epidemic: what is it, when will it come to end, precautions and how to protect yourself from this disease. The most honest news, no fakes! To keep up with the latest news, stay tuned for updates on the site! Every day we will collect news and statistics on coronavirus from around the world for you to be aware of this topic.

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