Elevated home loan attrition
Home loan attrition rose to 21-22% annualized from 15-16% last year, driven by aggressive pricing from PSU banks, which could pressure AUM growth.
high · management_commentaryBajaj Housing Finance Limited — Q2 FY26
Bajaj Housing Finance reported a stable Q2 FY26 with AUM growth of 24% YoY to ₹1,26,749 crore and PAT growth of 18% YoY to ₹643 crore.
neutral
medium
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
NIM compression from rate cuts and competition
Management guided for 15-20 bps NIM compression in FY26, with further pressure from expected December rate cut and competitive pricing, especially in home loans.
medium · management_commentaryAffordable housing segment asset quality
While management is scaling affordable housing cautiously, the segment inherently carries higher credit risk, which could increase credit costs if not managed well.
medium · analyst_questionParent dilution timeline uncertainty
Bajaj Finance holds 88% stake; regulatory requirement to reduce to 75% by September 2029 may lead to equity dilution, but management provided no clear timeline or plan.
low · analyst_question