Total assets under management (AUM) grew 24% to ₹3.25 lakh crore as of June 2025 from ₹2.61 lakh crore a year earlier. AUM grew despite a 20% fall in the two- and three-wheeler financing loans and led by a 29% year-on-year increase in urban consumer loans and MSME loans, the two largest loan portfolios of the company. Net interest income (NII) increased by 21% to ₹9,269 crore from ₹7,647 crore a year ago. Income from fees and commissions increased 17% to ₹1,784 crore in June 2025.
Provisions for bad loans increased 24% to ₹2,078 crore in June 2025 from ₹1,671 crore a year ago, reflecting a weaker asset quality. Gross NPA increased to 1.28% of the loan book in June 2025 from 1.06% of loans a year ago. The company has a provisioning coverage ratio of 52% on stage 3 assets due or more than 90 days.
Earlier this week, Bajaj Finance had announced the resignation of managing director Anup Saha citing “personal reasons”, just three months after his appointment. Saha was deputy managing director of the non-banking finance company until he was appointed MD for three years starting April 1, 2025.
The company did not disclose the exact reason for his resignation though he is reported to be one of the contenders for the position of CEO at the beleaguered IndusInd Bank.
Bajaj Finance executive vice chairman and former MD Rajeev Jain will again take over the role and responsibility of managing the company for the remainder of his term as director i.e, until March 2028.