STARTUP LEGAL19 Oct 2026
Bajaj Finance to cut new loans to heavily borrowed customers
Bajaj Finance will shrink the share of new loans going to people who already borrow from three or more lenders to 3.5% by March 2027. That share has already come down from 14% to 7%. The lender says customers with several borrowings are more likely to slip into default, and it has set aside extra money for bad loans in the September quarter.
Key Statutory Highlights
- Bajaj Finance has cut the share of new loans to customers with three or more lending relationships from 14% to 7%, and wants it at 3.5% in six months.
- It booked a ₹337 crore macro-economic provision in the September quarter, taking loan losses and provisions to ₹2,166 crore from ₹2,080 crore a year earlier.
- Stage 2 and stage 3 assets rose to 2.02% of loans at September end from 1.87% a quarter ago, partly on gold loans; short-tenure gold schemes were stopped in August.
Actionable Advice for Taxpayers / Founders:Watch the 3.5% origination target by March 2027 and the gold loan book, where short-tenure schemes were withdrawn in August in favour of longer-tenure products.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief has not passed every source check; confirm the original notification before acting. This does not constitute formal legal or CA counsel.
TaxQue News Desk
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