Bajaj Finance reported an 18% increase in consolidated net profit for the December quarter, reaching Rs 4,308 crore. Total income rose to Rs 18,058 crore, while assets under management grew by 28%.

Though the net profit grew by 27% year-on-year to ₹425 crore, the drop in provision coverage ratio, both sequential and year-on-year, spooked investors. The ratio fell to 44.5% from 53% in the ...

resulted in an improved provisioning coverage ratio (PCR) in March 2024, the report said. The half-yearly slippage ratio (viz, new NPA accretions as a share of standard advances) decreased across ...