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Bajaj Finance says it may take more covid-19 provisions

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₹900 crore as provisions for covid-19, leading to a 19.4%% year-on-year (y-o-y) decline in consolidated net profit at ₹948.1 crore.“Assets under management (AUM) under moratorium have reduced from 27% as of 30 April 2020 to approximately 15.5% as of 30 June 2020," it said.The lender also said on Monday that that new loans booked in the first three months of FY21 declined 77% on a year-on-year (y-o-y) basis to 1.7 million.

While the company is yet to declare its June quarter results, it said that assets under management (AUM) stood at approximately ₹1.38 trillion as on 30 June 2020 as compared to ₹1.28 trillion as on 30 June 2019.

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