Key Highlights For The
Financial Services Business

  • 34% y-o-y growth in loan book in FY2019
  • Disbursements of `29,762 Crores during the year
  • Housing finance became the major driver of growth since Sep-2018, loan book increased from `1,210 Crores to `5,188 Crores during the year
  • Housing finance accounts for 9% of the overall loan book versus only 3% a year ago
  • Raised nearly `16,500 Crores in of bank loans and NCDs during H2 FY2019
  • Reduced CPs from nearly `18,000 Crores to nearly `8,900 Crores during H2 FY2019
  • Banks contributes 71% of borrowing in March 2019 vs. 49% in Sep 2018 in Q3 FY2018 and Q4 FY2018
  • GNPA ratio of 0.9% as on March 31, 2019 – among lowest across major NBFCs/HFCs in India
  • Provisions of 1.9% of the total loan book, despite healthy asset quality
  • Post-tax ROE* of 19% in FY2019 for the Financial Services business (excluding investments in Shriram)

*On a cash-tax basis and other synergies from merger

  • Debt-to-equity ratio (excluding investments in Shriram) of 3.9x and debt-to-equity ratio (including investments in Shriram) of 2.2x as of March 31, 2019 – amongst the lowest across sizeable NBFCs / HFCs in India
  • Allocated ~`5,000 Crores from the capital raise to the Financial Services business in Q3 FY2018 and Q4 FY2018