Bajaj Finance , a leading financial services company in India, has successfully raised Rs 1,859.30 crore through the allotment of secured redeemable non-convertible debentures (NCDs) via private placement. This move demonstrates the company's ability to secure significant funding in the current market environment.

Key Details of the NCD Allotment

Interest Payment Schedule

The NCDs will offer annual coupon payments, with the first payment scheduled for September 27, 2026. Subsequent payments will occur annually on the same date until maturity in 2030.

Security and Repayment

Bajaj Finance has structured these NCDs with robust security measures:

• The debentures are secured by a first pari-passu charge on the company's book debts and loan receivables.
• The security cover is set to maintain a minimum of 1.00 times the aggregate outstanding value of the debentures.

This arrangement provides a level of assurance to investors regarding the repayment of their investment.

Significance of the Issuance

This NCD issuance by Bajaj Finance is noteworthy for several reasons:

1. Funding Strategy: It reflects the company's approach to raising capital, utilizing debt instruments to support its operations and growth.

2. Investor Confidence: The successful placement of NCDs indicates investor trust in Bajaj Finance's financial stability and business model.

3. Liquidity Management: The funds raised through this issuance can potentially be used to manage the company's liquidity position, refinance existing debt, or support business expansion.

4. Market Positioning: This move reinforces Bajaj Finance's position as a significant player in the Indian financial services sector, capable of attracting substantial investments.

As Bajaj Finance continues to navigate the financial landscape, this NCD issuance represents a strategic step in its ongoing financial management and growth initiatives.

Bajaj Finance Limited has reported a strong financial performance for the second quarter of fiscal year 2026 (Q2 FY26), with significant growth in key metrics.

Financial Highlights

• Consolidated profit after tax increased by 23% year-over-year to ₹4,948 crore in Q2 FY26, up from ₹4,014 crore in Q2 FY25.
• Assets under management (AUM) grew by 24% to ₹462,261 crore as of September 30, 2025, compared to ₹373,924 crore a year earlier.
• New loans booked during the quarter rose by 26% to 12.17 million, up from 9.69 million in Q2 FY25.
• The company's customer franchise expanded by 20% year-over-year, reaching 110.64 million as of September 30, 2025.

Key Financial Metrics

• Net interest income increased by 22% to ₹10,785 crore in Q2 FY26.
• Net total income grew by 20% to ₹13,170 crore for the quarter.
• Pre-provisioning operating profit rose by 21% to ₹8,874 crore.

Asset Quality and Capital Adequacy

• Gross NPA ratio stood at 1.24% as of September 30, 2025, compared to 1.06% a year ago.
• Net NPA ratio was 0.60%, up from 0.46% in the previous year.
• Capital adequacy ratio (including Tier-II capital) remained strong at 21.23%, with Tier-I capital at 20.54%.

Segment Performance

The company reported growth across various business segments:

Management Commentary

Rajeev Jain, Vice Chairman & Managing Director, stated, "We delivered AUM growth of ₹20,811 crore to ₹462,261 crore, booked 12.17 MM new loans and added 4.13 MM new customers. Customer franchise stood at 110.64 MM."

Operational Highlights

• The company's geographic presence expanded to 4,039 locations.
• Active distribution points increased to 242,000 as of September 30, 2025.
• Deposits book grew by 5% year-over-year to ₹69,766 crore.

Subsidiary Performance

Bajaj Housing Finance Limited (BHFL) reported:

• 24% AUM growth to ₹126,749 crore
• 18% increase in profit after tax to ₹643 crore

Bajaj Financial Securities Limited (BFinsec) achieved:

• 40% growth in assets under finance to ₹7,597 crore
• 27% increase in profit after tax to ₹47 crore

Bajaj Finance continues to maintain a strong market position with robust growth across its diversified business segments, supported by a growing customer base and expanded distribution network.