Elevated credit costs in two-wheeler and MSME segments
BFL's net losses and provisions were up 19% YoY, with credit costs remaining elevated due to stress in two-wheeler and MSME portfolios.
medium · management_commentaryBajaj Finserv — Q2 FY26
Bajaj Finserv reported a solid Q2 FY26 with consolidated total income up 11% to ₹37,400 crore and PAT up 8% to ₹2,244 crore (12% ex-MTM).
bullish
high
Financial stats pending filing verification
Risk Intelligence
Material risks this quarter
Concise cards keep the risk register scannable while preserving evidence-level context in the underlying quarter data.
Risks
GST ITC impact on life insurance margins
The loss of input tax credit due to GST changes caused a 140bps hit to NBM in Q2, with annualized impact estimated at 450bps if unmitigated.
high · analyst_questionGeneral insurance combined ratio above 100%
Combined ratio stood at 102.3% (101.4% ex-1/n), driven by higher acquisition costs from writing long-term motor business. Management expects it to remain near 100% but not below.
medium · data_observationMotor OD loss ratio spike
Motor own damage loss ratio increased to 71% in Q2, attributed to OEM price hikes. Management termed it a quarterly blip but corrective actions may take time.
low · analyst_question