Bajaj Finance (BAF) reported PAT of Rs 962cr down 19.5% YoY and up 1.5% QoQ, better than expectations on higher other income and improved C-I. However AUM growth was muted at 7% YoY impacted by lockdown and elevated provisions at Rs 1686cr. Asset quality improved with GNPA down 21 bps QoQ to 1.4%