Non-bank financier Bajaj Finance witnessed a rise in delinquencies in the three months to June, emanating from its the auto finance business and specifically because its three-wheeler finance segment was hit by the second wave, managing director Rajeev Jain told analysts. The total size of its auto finance book is ₹11,347 crore as on 30 June, 19.15% of which turned non-performing. Bajaj Finance said in a statement that the auto finance business was the worst-affected, where gross bad loans rose ₹1,199 crore in the June quarter. “Very clearly, if you look at the auto finance business, the bigger stress is in the three-wheeler business there which is 30% of the business," said Jain. Out of ₹11,347 crore auto loan book that we have, about ₹4,000 crore is in three-wheeler business.

Source: Mint July 20, 2021 14:48 UTC