Bajaj Finance Q4 Update: AUM Crosses ₹5 Lakh Crore, Deposits Dip

• Bajaj Finance's AUM reached ₹5.10 lakh crore, up 22% YoY, crossing the ₹5 lakh crore milestone.
• FY26 AUM growth of 22% was largely in-line with management guidance.
• Deposit book showed weakness, declining 4% YoY to ₹68,550 crore in Q4 FY26.
• New loans booked increased 20.5% YoY to 12.89 million; customer base expanded to 119.33 million.
• Macquarie maintains 'Underperform' rating, citing slowest growth in 15 years (ex-Covid) and challenges in sustaining high growth and returns.