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LOANS RECOGNIZED AS A RESULT OF PAYMENTS UNDER THE GUARANTEES (Tables)

12 Months Ended

Mar. 31, 2022

Accounts, Notes, Loans and Financing Receivable [Line Items]

Schedule of loans recognized as a result of payments under the guarantees

		March 31, 2021				March 31, 2022
		RMB				RMB
Loans recognized as a result of payments under guarantees			1,362,556				379,259
Less: provision for credit losses			(1,182,609	)			(324,371	)
			179,947				54,888

Schedule of provision for credit losses

The movement of provision for credit losses for the year ended December 31, 2019, the three months ended March 31, 2020, the fiscal years ended March 31, 2021 and 2022 was as follows:

		For the year ended December 31,				For the three months ended March 31,				For the fiscal years ended March 31,
		2019				2020				2021				2022
		RMB				RMB				RMB				RMB
Beginning balance of the period			(256,639	)			(763,122	)			(2,190,575	)			(1,182,609	)
Changes on initial application of ASU 2016-13 (i)			—				(172,843	)			—				—
Additions			(398,167	)			(326,204	)			(68,578	)			—
Provision for credit losses (i)			(255,105	)			(1,039,367	)			(29,272	)			(94	)
Write-off			—				48,908				252,508				13,093
Bought out by certain non-bank financing institutions    without recourse			—				—				845,305				821,496
Payments from the borrowers or other recoveries			146,789				62,053				8,003				23,743
Ending balance of the period			(763,122	)			(2,190,575	)			(1,182,609	)			(324,371	)

(i) Due to the impact of a series of regulations governing lending and debt collection promulgated by relevant authorities in the three months ended December 31, 2019, the performance of the loans recognized as a result of payments under guarantees has been adversely affected, and significant provision for additional credit losses was incurred in the fourth quarter of 2019, taking into the consideration of credit grades, vehicle collateral repossession and residual value of vehicle collateral. Due to the COVID-19 pandemic, the performance of the loans recognized as a result of payments under guarantees has been adversely affected further, which resulted in further provision for credit losses in the three months ended March 31, 2020.

The following table explains the changes in the provision of credit losses by grade of monitored credit risk quality indicator as of March 31, 2022:

		Normal				Attention				Secondary				Total
		RMB				RMB				RMB				RMB
Beginning balance of the period			(11,787	)			(149,220	)			(1,021,602	)			(1,182,609	)
Reversal of/ (Provision for) credit losses			6,483				49,903				(56,480	)			(94	)
Write-off			36				1,589				11,468				13,093
Bought out by certain non-bank financing institutions    without recourse			1,286				38,599				781,611				821,496
Payments from the borrowers or other recoveries			14				6,105				17,624				23,743
Transfer from Normal to Attention			2,358				(2,358	)			—				—
Transfer from Normal to Secondary			514				—				(514	)			—
Transfer from Attention to Secondary			—				22,040				(22,040	)			—
Transfer from Attention to Normal			(343	)			343				—				—
Transfer from Secondary to Attention			—				(41,784	)			41,784				—
Transfer from Secondary to Normal			(366	)			—				366				—
Ending balance of the period			(1,805	)			(74,783	)			(247,783	)			(324,371	)

Loans recognized as a result of payments under the guarantees

Accounts, Notes, Loans and Financing Receivable [Line Items]

Schedule of loans recognized as a result of payments under the guarantees

An aging analysis of loans recognized as result of payments under guarantees was as follows:

		March 31, 2021				March 31, 2022
		RMB				RMB
Up to 6 months			145,639				70,188
6 months to 12 months			307,224				7,555
Over 12 months			909,693				301,516
			1,362,556				379,259

Schedule of balance of loans recognized as result of payments under the guarantees by grade of monitored credit risk quality indicator

The balance of loans recognized as result of payments under guarantees by grade of monitored credit risk quality indicator as of March 31, 2021 and 2022 were listed as below:

		March 31, 2021				March 31, 2022
		RMB				RMB
Normal			66,924				10,267
Attention			252,572				121,209
Secondary			1,043,060				247,783
			1,362,556				379,259

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