Bajaj Finance - Accelerated Business Transformation Underway: Motilal Oswal

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Motilal Oswal Report

Bajaj Finance Ltd.’s annual report shares a glimpse of the management’s two-pronged strategy implemented in FY21:

1. Conservatism and prudence.

2. The acceleration of the business transformation plan.

With the various steps taken during the pandemic, the company is confident of achieving higher volumes, a leaner cost structure, and a strong digital platform offering superior services across the value chain.

The focus throughout the year was on:

1. Capital management (tier I of 25% plus).

2. Achieving abundant liquidity (12–13% of borrowings).

3. Lowering operating expenses (opex to assets down 70 basis point).

4. Expanding collections and servicing capabilities (costs up 18% YoY).

5. Strengthening underwriting.

6. Gaining a sharp perspective on risk management.

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