Just when analysts thought NBFCs had peaked, Bajaj Finance pulled out an AI-powered rabbit from its fintech hat. While others fret over credit costs, Rajeev Jain is busy teaching bots to approve loans and recognize faces at branches. The quarter wasn’t just about numbers — it was a fintech symphony where profitability met machine learning. From festive loan frenzies to AI-generated videos, Bajaj Finance is clearly writing a playbook no one else can plagiarize. Read on — because “risk-first” just got a 21st-century upgrade. 🤖
2. At a Glance
AUM up 24%: ₹4.62 lakh crore — the wallet keeps getting heavier.
Customer base: 110.6 million — that’s 1 in every 12 Indians.
PAT growth: Subsidiaries clock 18%-27%, holding the family together.
Credit cost: 2.05% — CFO calls it “elevated,” investors call it “expected.”
Opex-to-NTI: 32.6% — efficiency training paying off.
FinAI rollout: 442 bots, 85% queries resolved by AI — customer service just got siliconed.
3. Management’s Key Commentary
Rajeev Jain: “We’ve delivered a good quarter across key metrics of AUM growth and profitability.” (Translation: We’re not shouting from rooftops, but yes, it’s another flex.)
Rajeev Jain: “Full-year credit cost will be at the upper end of 1.85%–1.95%.” (Translation: Risk-first doesn’t mean risk-free.)
Rajeev Jain: “We’re transitioning to an AI financial services company.” (Translation: Our bots might soon host these earnings calls.) 🤖
Sandeep Jain: “Opex-to-NTI improved to 32.6%.” (Translation: We’re squeezing more juice from every rupee of tech spend.)
Rajeev Jain: “MSME growth moderated to 18%; we cut unsecured exposure by 25%.” (Translation: We’d rather be cautious than creative with credit.)
Rajeev Jain: “6.3 million festive loans disbursed, up 29% in value.” (Translation: India shopped, we financed, and everyone smiled.) 🎉
