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Bajaj Finance Q3 results: Net profit falls 29% to Rs 1,146 cr; provisions, bad loans rise
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Bajaj Finance Q3 results: Net profit falls 29% to Rs 1,146 cr; provisions, bad loans riseETMarkets.com
Last Updated: Jan 20, 2021, 07:22 PM IST
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Synopsis
Net Interest Income (NII) for the quarter was Rs 4,296 crore as against Rs 4,535 crore in the year ago quarter, registering a drop of 5.27 per cent.
PTI
The company said this was predominantly due to higher reversal of interest income at Rs 450 crore versus Rs 83 crore in Q3FY20 and higher cost of liquidity surplus at Rs 213 crore versus Rs 83 crore.