Now Reading: Bajaj Finance falls 6% as RBI draft targets revolving credit
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Bajaj Finance falls 6% as RBI draft targets revolving credit
Bajaj Finance shares fell 5.55% to Rs 1,086 on August 3, their sharpest intraday decline in four months, Business Today reports. The company’s market capitalisation fell to Rs 6.85 lakh crore. The…
The Story in Brief
Bajaj Finance shares fell 5.55% to Rs 1,086 on August 3, their sharpest intraday decline in four months, Business Today reports. The company’s market capitalisation fell to Rs 6.85 lakh crore. The fall followed draft RBI norms that would allow non-banking financial companies to offer only term loan products, while defining term loans and revolving credit.
NDTV Profit reports that Morgan Stanley expects disruption to flexi and overdraft loans, putting Bajaj Finance’s $5.4 billion MSME loan book and 97.71 million EMI cards in focus. The company had reported a 27% rise in first-quarter net profit to Rs 5,985.75 crore, while assets under management grew 24% to Rs 5,46,944 crore as of June 30, 2026.
The Indian Opinion
The easy narrative is that one RBI draft has suddenly damaged Bajaj Finance, while the opposite claim is that strong profits make the proposal harmless. Neither is established. The immediate issue is how the final rules treat flexi and overdraft products, and whether existing loans are affected. Investors should watch the final RBI text and the company’s next disclosure on its MSME book, rather than infer the long-term impact from one day’s 5.55% fall.
Sources (2): businesstoday.in, ndtvprofit.com
This story was synthesised by AI from the 2 sources linked above.
Updated: this story now draws on 2 sources.
