Bajaj Finance Ltd

Bajaj Finance’s Latest Rating & Financial Health Check 📊

- Moody’s assigned BFL a new Baa3 Corporate Family Rating (CFR) with stable outlook on 4 August 2025.

- BFL’s consolidated assets under management: ₹4.4T (~$50B) as of June 2025.

- Profitability among India’s top NBFCs—4% return on average assets (FY March 2025).

- Stage 3 loans at just 1% of total loans (June 2025), with 165% provision coverage.

- Strong TCE/TMA ratio of 20.4% (March 2025).

- Winding down 2 & 3-wheeler business, taking charge-offs.

- Upgrade unlikely (already aligned with India’s Baa3 sovereign rating).

- Downgrade risk if asset quality/capitalization weakens (TCE/TMA below 17% without capital plan).