{"id":70164,"date":"2026-04-13T14:05:05","date_gmt":"2026-04-13T08:35:05","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=70164"},"modified":"2026-04-13T14:05:06","modified_gmt":"2026-04-13T08:35:06","slug":"bajaj-finance-share-price-falls-unsecured-npa","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/bajaj-finance-share-price-falls-unsecured-npa\/","title":{"rendered":"Bajaj Finance Drops 5.8% on Unsecured NPA Spike \u2014 Is India&#8217;s Best NBFC Finally Cracking?"},"content":{"rendered":"<p>Bajaj Finance \u2014 the NBFC that has been India&#8217;s most trusted consumer lending franchise for a decade and the stock that has delivered 25%+ CAGR over 10 years \u2014 fell 5.8% as Q4 FY26 results revealed GNPA rising from 0.94% to 1.18%. The unsecured personal loan segment&#8217;s NPA spiked to 2.8%. This is the question the entire financial services sector is asking in April 2026: is India&#8217;s unprecedented consumer credit expansion finally reaching the stress cycle that every credit expansion eventually faces?<\/p><p><a href=\"https:\/\/univest.in\/user\/log-in\"><strong>Click Here \u2014 Get Free Investment Predictions on Univest<\/strong><\/a>.<\/p><div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/bajaj-finance-share-price-falls-unsecured-npa\/#What_Happened_%E2%80%94_The_Full_Picture\" title=\"What Happened \u2014 The Full Picture\">What Happened \u2014 The Full Picture<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/bajaj-finance-share-price-falls-unsecured-npa\/#Why_the_Market_Is_Selling_Bajaj_Finance_Today\" title=\"Why the Market Is Selling Bajaj Finance Today\">Why the Market Is Selling Bajaj Finance Today<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/bajaj-finance-share-price-falls-unsecured-npa\/#The_Bull_Case_%E2%80%94_Why_the_Sellers_Might_Be_Wrong\" title=\"The Bull Case \u2014 Why the Sellers Might Be Wrong\">The Bull Case \u2014 Why the Sellers Might Be Wrong<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/bajaj-finance-share-price-falls-unsecured-npa\/#What_Most_Investors_Are_Missing\" title=\"What Most Investors Are Missing\">What Most Investors Are Missing<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/bajaj-finance-share-price-falls-unsecured-npa\/#Bajaj_Finance_Share_Price_Levels_Support_2026_Target\" title=\"Bajaj Finance Share Price: Levels, Support &amp; 2026 Target\">Bajaj Finance Share Price: Levels, Support &amp; 2026 Target<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/bajaj-finance-share-price-falls-unsecured-npa\/#The_Three_Scenarios_Investors_Are_Pricing_In_Right_Now\" title=\"The Three Scenarios Investors Are Pricing In Right Now\">The Three Scenarios Investors Are Pricing In Right Now<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/bajaj-finance-share-price-falls-unsecured-npa\/#Key_Business_Segments_What_to_Watch\" title=\"Key Business Segments &amp; What to Watch\">Key Business Segments &amp; What to Watch<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/bajaj-finance-share-price-falls-unsecured-npa\/#What_Should_Bajaj_Finance_Shareholders_Do_Today\" title=\"What Should Bajaj Finance Shareholders Do Today?\">What Should Bajaj Finance Shareholders Do Today?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/bajaj-finance-share-price-falls-unsecured-npa\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/bajaj-finance-share-price-falls-unsecured-npa\/#Frequently_Asked_Questions\" title=\"Frequently Asked Questions\">Frequently Asked Questions<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/bajaj-finance-share-price-falls-unsecured-npa\/#Q_Why_did_Bajaj_Finance_share_price_fall_today\" title=\"Q: Why did Bajaj Finance share price fall today?\">Q: Why did Bajaj Finance share price fall today?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/bajaj-finance-share-price-falls-unsecured-npa\/#Q_What_is_Bajaj_Finances_GNPA\" title=\"Q: What is Bajaj Finance&#8217;s GNPA?\">Q: What is Bajaj Finance&#8217;s GNPA?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/bajaj-finance-share-price-falls-unsecured-npa\/#Q_Is_Bajaj_Finance_in_trouble\" title=\"Q: Is Bajaj Finance in trouble?\">Q: Is Bajaj Finance in trouble?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/bajaj-finance-share-price-falls-unsecured-npa\/#Q_What_is_Bajaj_Finance_share_price_target_2026\" title=\"Q: What is Bajaj Finance share price target 2026?\">Q: What is Bajaj Finance share price target 2026?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/univest.in\/blogs-2\/bajaj-finance-share-price-falls-unsecured-npa\/#Q_What_caused_Bajaj_Finance_NPA_increase\" title=\"Q: What caused Bajaj Finance NPA increase?\">Q: What caused Bajaj Finance NPA increase?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/univest.in\/blogs-2\/bajaj-finance-share-price-falls-unsecured-npa\/#Q_How_does_Bajaj_Finance_compare_to_other_NBFCs\" title=\"Q: How does Bajaj Finance compare to other NBFCs?\">Q: How does Bajaj Finance compare to other NBFCs?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/univest.in\/blogs-2\/bajaj-finance-share-price-falls-unsecured-npa\/#Q_What_is_Bajaj_Finance_AUM\" title=\"Q: What is Bajaj Finance AUM?\">Q: What is Bajaj Finance AUM?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/univest.in\/blogs-2\/bajaj-finance-share-price-falls-unsecured-npa\/#Q_Should_I_buy_Bajaj_Finance_after_todays_fall\" title=\"Q: Should I buy Bajaj Finance after today&#8217;s fall?\">Q: Should I buy Bajaj Finance after today&#8217;s fall?<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/univest.in\/blogs-2\/bajaj-finance-share-price-falls-unsecured-npa\/#Recent_Articles\" title=\"Recent Articles\">Recent Articles<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_Happened_%E2%80%94_The_Full_Picture\"><\/span><strong>What Happened \u2014 The Full Picture<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>Parameter<\/strong><\/td><td><strong>Detail<\/strong><\/td><\/tr><tr><td>Trigger<\/td><td>Q4 FY26 GNPA (Gross NPA) rose to 1.18% from 0.94% in Q3 FY26<\/td><\/tr><tr><td>Unsecured Personal Loans<\/td><td>NPA in personal loan segment: 2.8% vs 1.9% in Q3 FY26<\/td><\/tr><tr><td>Provision Coverage<\/td><td>Bajaj Finance increased provisions by Rs 1,800 Cr in Q4<\/td><\/tr><tr><td>AUM Growth<\/td><td>Rs 3.98L Cr \u2014 growing 25% YoY (healthy)<\/td><\/tr><tr><td>ROE<\/td><td>21.3% \u2014 declining from 22.8% peak<\/td><\/tr><tr><td>Management Comment<\/td><td>&#8216;Unsecured stress is portfolio-wide industry phenomenon; Bajaj remains best placed&#8217;<\/td><\/tr><tr><td>RBI Restrictions<\/td><td>RBI Nov 2023 restrictions on consumer credit lifted in April 2025; impact seen<\/td><\/tr><tr><td>Competitor Comparison<\/td><td>Industry-wide personal loan NPA at 2.5%+; Bajaj still below industry average<\/td><\/tr><\/tbody><\/table><\/figure><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Why_the_Market_Is_Selling_Bajaj_Finance_Today\"><\/span><strong>Why the Market Is Selling Bajaj Finance Today<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p>The Bajaj Finance share price reaction to rising NPAs is mathematically precise. When GNPA rises from 0.94% to 1.18%, the incremental provisioning requirement on a Rs 4 lakh crore AUM book is approximately Rs 800\u20131,000 crore. That hits PAT directly. The stock trades at 30x P\/E \u2014 a premium that is justified by consistent 25%+ AUM growth and 22%+ ROE. If ROE permanently settles at 20% or below (because credit costs stay elevated), the 30x multiple becomes hard to justify. A 25x multiple on FY27 PAT estimates implies a stock price of Rs 5,800\u20136,200 \u2014 the market is pricing exactly this downgrade.<\/p><p><a href=\"https:\/\/univest.in\/user\/log-in\"><strong>Tap to Access Best Research Pieces on Univest<\/strong><\/a>.<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"The_Bull_Case_%E2%80%94_Why_the_Sellers_Might_Be_Wrong\"><\/span><strong>The Bull Case \u2014 Why the Sellers Might Be Wrong<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p>Bajaj Finance&#8217;s GNPA of 1.18% is still one of the lowest in the NBFC universe. The industry-wide personal loan NPA is 2.5%+. Bajaj&#8217;s superior underwriting \u2014 credit bureau checks, bureau score minimums, employment verification at 90%+ of applications \u2014 means its book has always been better than peers even in stress cycles. The Rs 1,800 crore provisioning in Q4 is not a sign of panic \u2014 it is conservative balance sheet management that builds provision buffer for future quarters. AUM growth of 25% YoY means the denominator is growing fast, which will naturally dilute NPA ratios even if absolute NPA amounts remain stable. The consumer credit stress is a 2\u20133 quarter phenomenon, not a structural impairment of India&#8217;s consumption-led borrowing culture.<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_Most_Investors_Are_Missing\"><\/span><strong>What Most Investors Are Missing<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p>The RBI&#8217;s November 2023 directive increasing risk weights on consumer credit and personal loans had an unintended consequence: all NBFCs and banks slowed personal loan origination significantly through FY24-25. This created a vintage problem \u2014 borrowers who took large personal loans in FY23 (the peak easy money year) are now 18-24 months into their loan tenure, which is statistically the peak NPA vintage for personal credit. The FY23 vintage stress is the primary NPA driver \u2014 not systemic deterioration in new borrower quality. Bajaj Finance&#8217;s new originations from FY24 onward are being underwritten at much more conservative LTV and income multiple thresholds.<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Bajaj_Finance_Share_Price_Levels_Support_2026_Target\"><\/span><strong>Bajaj Finance Share Price: Levels, Support &amp; 2026 Target<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>Parameter<\/strong><\/td><td><strong>Value<\/strong><\/td><\/tr><tr><td>Parameter<\/td><td>Value<\/td><\/tr><tr><td>CMP (April 2026)<\/td><td>Rs 6,200<\/td><\/tr><tr><td>52-Week High<\/td><td>Rs 8,000<\/td><\/tr><tr><td>52-Week Low<\/td><td>Rs 5,600<\/td><\/tr><tr><td>Decline from Peak<\/td><td>22.5%<\/td><\/tr><tr><td>Market Cap<\/td><td>Rs 3.8L Cr<\/td><\/tr><tr><td>Trailing P\/E<\/td><td>30x<\/td><\/tr><tr><td>12M Analyst Target<\/td><td>Rs 7,500\u20138,500<\/td><\/tr><tr><td>Short-Term Support<\/td><td>Rs 5,600\u20135,900<\/td><\/tr><tr><td>Short-Term Resistance<\/td><td>Rs 6,800\u20137,200<\/td><\/tr><tr><td>NSE Symbol<\/td><td>BAJFINANCE<\/td><\/tr><\/tbody><\/table><\/figure><p>Download the <a href=\"http:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\">Univest iOS App<\/a> or <a href=\"http:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&amp;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\">Univest Android App<\/a> to track Bajaj Finance live with SEBI-registered research alerts.<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"The_Three_Scenarios_Investors_Are_Pricing_In_Right_Now\"><\/span><strong>The Three Scenarios Investors Are Pricing In Right Now<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>Scenario<\/strong><\/td><td><strong>Probability<\/strong><\/td><td><strong>Price Implication<\/strong><\/td><\/tr><tr><td>GNPA peaks at Q4 FY26 1.18%; recovery begins Q1 FY27<\/td><td>Medium-High<\/td><td>Rs 7,000\u20137,500 as credit cost normalisation attracts buyers<\/td><\/tr><tr><td>GNPA rises further to 1.4\u20131.5% in Q1 FY27<\/td><td>Medium<\/td><td>Break below Rs 5,600; re-test Rs 5,000\u20135,200<\/td><\/tr><tr><td>Industry-wide NPA cycle worse than FY14-15; regulatory intervention<\/td><td>Low<\/td><td>Fundamental thesis revision; Rs 4,000\u20134,500 level<\/td><\/tr><\/tbody><\/table><\/figure><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Key_Business_Segments_What_to_Watch\"><\/span><strong>Key Business Segments &amp; What to Watch<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>Loan Category<\/strong><\/td><td><strong>AUM Share<\/strong><\/td><td><strong>NPA Status<\/strong><\/td><\/tr><tr><td>Consumer B2C<\/td><td>35%<\/td><td>Mixed; personal loan stress visible<\/td><\/tr><tr><td>SME Lending<\/td><td>25%<\/td><td>Stable; asset quality good<\/td><\/tr><tr><td>Home Loans<\/td><td>20%<\/td><td>Lowest NPA; secured collateral<\/td><\/tr><tr><td>Auto &amp; 2W Finance<\/td><td>12%<\/td><td>Seasonal but manageable<\/td><\/tr><tr><td>Rural B2C<\/td><td>8%<\/td><td>Improving with rural income<\/td><\/tr><\/tbody><\/table><\/figure><p>Track Bajaj Finance and sector peers live on the <a href=\"https:\/\/univest.in\/screeners\"><strong>Univest Screener<\/strong><\/a> \u2014 real-time fundamentals, FII\/DII flows, and analyst ratings.<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_Should_Bajaj_Finance_Shareholders_Do_Today\"><\/span><strong>What Should Bajaj Finance Shareholders Do Today?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p>Bajaj Finance at Rs 6,200 \u2014 22% below its 52-week high \u2014 offers entry into one of India&#8217;s best-managed lending franchises at a genuine valuation discount to its historical premium. The NPA cycle appears to be peaking based on vintage analysis. If GNPA stabilises below 1.3% in Q1 FY27, today&#8217;s correction will look like the buy. The Rs 5,600 52-week low is the stop-loss reference for investors who enter here.<\/p><p><a href=\"https:\/\/univest.in\/user\/log-in\"><strong>Subscribe to Univest Pro for SEBI-registered analyst recommendations on Bajaj Finance \u2014 with entry, stop-loss, and target.<\/strong><\/a><\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p>Bajaj Finance&#8217;s 5.8% fall on NPA data is a legitimate earnings concern \u2014 not panic. At 1.18% GNPA with industry average at 2.5%+, Bajaj is still India&#8217;s most conservatively underwritten major NBFC. The FY23 vintage personal loan stress is the cause, not structural underwriting deterioration. AUM growth of 25% and ROE of 21%+ \u2014 even in a stress quarter \u2014 reflect the franchise quality. Rs 5,600 is the support floor. Q1 FY27 GNPA trajectory will determine whether this is the bottom.<\/p><p>This article is for informational purposes only. Please conduct your own research and consult a SEBI-registered financial advisor before making any investment decisions.<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions\"><\/span><strong>Frequently Asked Questions<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Q_Why_did_Bajaj_Finance_share_price_fall_today\"><\/span><strong>Q: Why did Bajaj Finance share price fall today?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>Bajaj Finance fell 5.8% as Q4 FY26 GNPA rose to 1.18% from 0.94%, with personal loan NPA spiking to 2.8%. The company increased provisions by Rs 1,800 crore, impacting Q4 PAT. At 30x P\/E, any credit cost increase triggers significant multiple compression.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Q_What_is_Bajaj_Finances_GNPA\"><\/span><strong>Q: What is Bajaj Finance&#8217;s GNPA?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>Bajaj Finance&#8217;s GNPA (Gross Non-Performing Assets) ratio in Q4 FY26 was 1.18% \u2014 up from 0.94% in Q3 FY26. This remains below the industry average of 2.5%+ for NBFCs. The unsecured personal loan segment showed the sharpest stress at 2.8%.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Q_Is_Bajaj_Finance_in_trouble\"><\/span><strong>Q: Is Bajaj Finance in trouble?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>At 1.18% GNPA on a Rs 4 lakh crore AUM book, Bajaj Finance&#8217;s credit quality remains among the best in Indian financial services. The stress reflects industry-wide FY23 vintage personal loan normalization, not structural underwriting failure. The company&#8217;s provision buffer and 25% AUM growth provide resilience.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Q_What_is_Bajaj_Finance_share_price_target_2026\"><\/span><strong>Q: What is Bajaj Finance share price target 2026?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>Analyst consensus 12-month target for Bajaj Finance is Rs 7,500\u20138,500. The stock trades at Rs 6,200, implying 21\u201337% upside. GNPA peak and Q1 FY27 credit cost normalization are the primary re-rating catalysts. These are analyst estimates.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Q_What_caused_Bajaj_Finance_NPA_increase\"><\/span><strong>Q: What caused Bajaj Finance NPA increase?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>The primary cause is the FY23 vintage personal loan book reaching its peak NPA period (18-24 months from origination). Borrowers who took personal loans at peak easy-money conditions in FY23 are showing higher delinquencies. New loan originations from FY24 onward are at more conservative underwriting standards.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Q_How_does_Bajaj_Finance_compare_to_other_NBFCs\"><\/span><strong>Q: How does Bajaj Finance compare to other NBFCs?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>Bajaj Finance&#8217;s 1.18% GNPA compares favorably to peers: Cholamandalam (~1.8%), L&amp;T Finance (~2.5% MFI segment), Shriram Finance (~5.5%). In the NBFC universe, Bajaj Finance maintains the lowest GNPA despite being the most geographically and segment-diversified.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Q_What_is_Bajaj_Finance_AUM\"><\/span><strong>Q: What is Bajaj Finance AUM?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>Bajaj Finance&#8217;s Assets Under Management (AUM) reached Rs 3.98 lakh crore in Q4 FY26, growing 25% YoY. This includes consumer B2C lending (35%), SME lending (25%), home loans (20%), auto and 2-wheeler finance (12%), and rural lending (8%).<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Q_Should_I_buy_Bajaj_Finance_after_todays_fall\"><\/span><strong>Q: Should I buy Bajaj Finance after today&#8217;s fall?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>This article is for informational purposes only. At Rs 6,200 and 22% below its peak, Bajaj Finance offers entry into a best-in-class lending franchise at a meaningful discount. GNPA trajectory in Q1 FY27 is the key metric to watch. Consult a SEBI-registered financial advisor before investing.<\/p><p><strong>Disclaimer: <\/strong>Investments in securities are subject to market risk. This content is for educational purposes only and does not constitute investment advice. Consult a SEBI-registered financial advisor before making any investment decisions.<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Recent_Articles\"><\/span><strong>Recent Articles<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p><a href=\"https:\/\/univest.in\/blogs\/why-is-krbl-share-price-falling\"><strong>Why is KRBL Share Price Falling? 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The unsecured personal loan segment&#8217;s NPA spiked to 2.8%. This is the question<\/p>\n","protected":false},"author":28,"featured_media":70172,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[842],"tags":[3802,3818],"class_list":["post-70164","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-news","tag-share-price-falling"],"metadata":{"_edit_lock":["1776073093:28"],"_last_editor_used_jetpack":["block-editor"],"rank_math_internal_links_processed":["1"],"rank_math_primary_category":["842"],"rank_math_seo_score":["68"],"rank_math_description":["Bajaj Finance share price falls 5.8% \u2014 what triggered the sell-off, who is right, and what should investors do? 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