Bajaj Finance and Tata Capital are among five AAA-rated NBFCs planning to raise up to ₹150 billion by selling 2- to 5-year bonds. Corporate debt yields, particularly for shorter maturities, have eased—down around 15 bps—as oil prices cooled. With potential volatility looming in the Indian debt market, firms are front-loading borrowing this May.
Retail investors are caught between two contrasting moves in deposit rates. Bajaj Finance has hiked deposit rates by up to 45 basis points to accelerate fundraising. Meanwhile, Shriram Finance plans to cut rates by 15–35 bps after a rating upgrade. The divergence highlights how firms manage funding and credit perceptions differently.
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Bajaj Finance shares climbed up to 4.83% to an intraday high of Rs 975 on April 30 following solid Q4 FY26 results. The Pune-based NBFC reported a 22% year-on-year increase, sparking buying interest. Market reaction underscores how the quarter’s figures resonated with investors, lifting sentiment in Bajaj Finance stock.
Bajaj Finance posted a strong Q4FY26 consolidated net profit of ₹5,464.6 crore, up 22% year-on-year, supported by a 20% rise in net interest income and 22% growth in assets under management. The lender also announced that Rajiv Bajaj will step down from the company’s board after the annual general meeting on July 30.
Rajiv Bajaj is stepping down from the board of Bajaj Finance and will not seek re-election at the annual general meeting on July 30, 2026. The company says it recognizes his long contributions and service. After the AGM, Bajaj will no longer hold the position of non-executive director, marking a major leadership transition.
Rajeev Jain, Managing Director of Bajaj Finance, topped the FY25 list of best-paid NBFC CEOs with a package exceeding Rs 65 crore, including ESOPs valued at around Rs 40 crore. Arvind Kapil of Poonawalla Fincorp ranked second. Among bankers, HDFC Bank’s Sashidhar Jagdishan led with pay above Rs 12 crore.
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