India's Bajaj Finance drops on asset quality woes, higher credit cost

Bajaj Finance

25/07/2025 04:55

July 25 (Reuters) - Shares of Bajaj Finance BJFN.NS fell about 6% in early trade on Friday, as deteriorating asset quality and elevated credit costs took the shine off a healthy loan growth.

The stock was the top decliner on the financials sub-index .NIFTYFIN and the benchmark Nifty 50 .NSEI, which were down 0.5% each.

The non-bank lender reported a June-quarter profit ahead of estimates, but its asset quality deteriorated to 1.03%, compared with 0.96% in the previous and 0.86% a year ago.

 (Reporting by Manvi Pant; Editing by Sumana Nandy)

 ((Manvi.Pant@thomsonreuters.com; +918447554364;))