Summary: Bajaj Finance reported provisional September-quarter assets under management of about ₹5.85 lakh crore, up 26.5% from a year earlier, while new loans grew 11% to 13.45 million. The non-bank lender added roughly 4.42 million customers during the quarter and said deposits reached about ₹69,750 crore. The shares closed 2.3% higher on October 5 after the business update, with financial stocks also gaining.
Bajaj Finance’s September-quarter business update showed another period of rapid balance-sheet expansion, with assets under management and customer additions growing strongly ahead of the company’s full financial results. The figures are provisional and remain subject to review by the statutory auditor.
What Happened
In an exchange filing dated October 3, 2026, Bajaj Finance reported the following provisional operating figures for the quarter ended September 30:
- Assets under management rose 26.5% year on year to approximately ₹584,750 crore from ₹462,261 crore.
- AUM increased by roughly ₹37,800 crore during the quarter.
- New loans booked grew 11% to 13.45 million from 12.17 million a year earlier.
- The customer franchise reached 128.85 million, compared with 110.64 million a year earlier, after adding about 4.42 million customers during the quarter.
- Deposits stood at approximately ₹69,750 crore.
The company cautioned that the year-on-year comparison for new loans is affected by festival timing because the festive season began earlier in the previous year. The filing can be viewed through this BSE attachment; a readable filing mirror is also available via BazaarWatch.
Why It Matters
AUM growth is a key measure of lending scale for a non-bank finance company. Bajaj Finance’s 26.5% increase indicates that its loan book continued to expand at a pace well above nominal economic growth. The increase in customer franchise also broadens the base for future cross-selling.
However, a business update does not disclose the full economics of that growth. Investors still need the quarterly results to assess net interest margins, credit costs, delinquencies, profit growth and funding expenses. The deposit number also deserves attention because deposits are one source of funding for the lender’s expanding balance sheet.
Market Impact
Bajaj Finance shares closed 2.3% higher on October 5 after the company reported 11% year-on-year growth in new loans, according to Reuters. The broader Nifty 50 gained 0.6%, while financial stocks rose 0.4%.
The relative outperformance is consistent with a favourable reading of the update, but it does not establish the filing as the only driver. The session also benefited from lower oil prices and easing concerns about aggressive US monetary tightening.
Industry Context
Indian lenders are balancing loan growth against funding costs and asset quality. The interest-rate backdrop influences both borrowing demand and margins; BusinessNews1’s RBI October policy preview explains the monetary-policy context for banks and non-bank lenders.
For Bajaj Finance, rapid AUM expansion raises the importance of maintaining underwriting quality as the customer base grows. New-loan volumes are useful, but the upcoming results will show whether growth translated into earnings without an offsetting rise in credit costs.
What To Watch Next
- The date and detail of Bajaj Finance’s audited quarterly results.
- Net interest margin, credit cost and gross-stage asset-quality indicators.
- Deposit growth and other funding sources relative to AUM expansion.
- Management commentary on festive-season loan demand and customer acquisition.
Frequently Asked Questions
What was Bajaj Finance’s AUM in the September quarter?
Bajaj Finance reported provisional assets under management of about ₹584,750 crore, or ₹5.85 lakh crore, as of September 30, 2026. That was 26.5% higher than ₹462,261 crore a year earlier. The company said AUM increased by roughly ₹37,800 crore during the quarter.
How many new loans did Bajaj Finance book?
The lender booked 13.45 million new loans in the September quarter, up 11% from 12.17 million a year earlier. Bajaj Finance said the comparison is affected by the earlier start of the festive season in the prior year, so the growth rate needs that calendar context.
Are these Bajaj Finance figures audited results?
No. The October 3 disclosure is a provisional business update, not the company’s complete audited quarterly results. Bajaj Finance said the information remains subject to review by its statutory auditor. Profit, margins, credit costs and detailed asset-quality figures will come with the formal results.
Why did Bajaj Finance shares rise on October 5?
Reuters reported that Bajaj Finance closed 2.3% higher after its update showed 11% growth in new loans. Financial stocks and the broader market also advanced that day, so the move cannot be attributed solely to the company’s filing even though the update was a clear stock-specific catalyst.
