Bajaj Finance

MUMBAI, Sept 8 (Reuters) - India's Bajaj Finance BJFN.NS has accepted bids worth 20.50 billion rupees ($216.51 million) for the reissue of 8.07% 2030 bonds, three bankers said on Tuesday.

It will offer a yield of 8.09% to investors, they said, adding that the company had invited bids for the issue on Monday.

Bajaj Finance did not immediately respond to a Reuters email seeking comment.

Here is the list of deals reported so far on September 8:

*Size includes base plus greenshoe for some issues

($1 = 94.6825 Indian rupees)

(Reporting by Dharamraj Dhutia; Editing by Eileen Soreng)

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By Gopika Gopakumar

MUMBAI, Aug 31 (Reuters) - India's Kotak Mahindra Bank KTKM.NS has recommended two internal candidates to succeed Chief Executive Ashok Vaswani when his term ends next year, according to two sources familiar with the matter.

The private lender, India's fourth-largest private bank, has submitted the names of executive directors Anup Saha and Paritosh Kashyap to the Reserve Bank of India for approval, the sources said.

The recommendations represent the first step in choosing a successor to Vaswani, who said he would not seek reappointment when his term ends on December 31, 2026, citing personal reasons.

The appointment will be closely watched as Kotak Mahindra Bank under the leadership of Vaswani had set its sights on becoming India's third-largest private lender by after-tax profit, and the new CEO is expected to accelerate that growth momentum.

India's banking rules require banks to recommend at least two potential candidates for CEO positions. The regulator can either approve one of the names or seek alternatives if they are deemed unsuitable.

Reuters could not ascertain which of the two names was the bank's first choice.

Kotak Mahindra Bank, Saha and Kashyap did not respond to requests for comment.

Vaswani, a former Barclays and ⁠Citigroup banker, became CEO on January 1, 2024, succeeding founder Uday Kotak after over two decades. Kotak's family is also the largest shareholder in the bank, owning 26%.

Saha joined Kotak in January this year after leading non-bank lender Bajaj Finance and currently oversees the retail banking business at Kotak. Kashyap is a Kotak veteran who oversees the wholesale banking business.

Shares of Kotak Mahindra Bank had gained 5% over the last five trading sessions.

(Reporting by Gopika Gopakumar, Editing by Louise Heavens)

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Aug 27 (Reuters) - Bajaj Finance Ltd BJFN.NS:

• LIC - LIC SUBSCRIBES 500,000 NCDS OF BAJAJ FINANCE FOR 50 BILLION RUPEES

Source text: ID:nBSE1yWwJn

Further company coverage: BJFN.NS

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MUMBAI, Aug 25 (Reuters) - India's Bajaj Finance BJFN.NS has accepted bids worth 50 billion rupees ($524.04 million) for bonds maturing in 10 years, three bankers said on Tuesday.

The non-banking financial company will pay an annual coupon of 8.15% to the investors of this issue, and had bids earlier in the day, they said.

The company did not respond to a Reuters email seeking comment.

Here is the list of deals reported so far on August 25:

*Size includes base plus greenshoe for some issues

($1 = 95.4125 Indian rupees)

(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Maju Samuel)

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MUMBAI, Aug 24 (Reuters) - India's Bajaj Finance BJFN.NS plans to raise 60 billion rupees ($627.02 million) through sale of bonds maturing in 10 years, three bankers said on Monday.

The non-banking finance company has invited coupon and commitment bids from bankers and investors on Tuesday, they said.

The company did not respond to a Reuters email seeking comment.

Here is the list of deals reported so far on August 24:

*Size includes base plus greenshoe for some issues

($1 = 95.6900 Indian rupees)

(Reporting by Dharamraj Dhutia; Editing by Subhranshu Sahu)

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** Non-bank lender Bajaj Finance's shares BJFN.NS rise about 2% to 1,101.20 rupees

** Nomura ("buy") raises PT to 1,270 rupees from 1,140 rupees, implying 17.6% upside in next 12 months

** Says clarity on the definition of revolving credit is critical for non-bank lenders, noting the negotiations between shadow banks and RBI

** Attributes elevated competition as the reason for slowing urban loan growth momentum, but lifts assets under management (AUM) growth and net profit estimates over FY2027-29

** Average rating of 35 analysts tracking BJFN is "buy"; median PT is 1,200 rupees - LSEG-compiled data

** YTD, BJFN up 11%, outperforming 5% drop in financials .NIFTYFIN and 7.4% slide in Nifty 50 .NSEI

(Reporting by Bharath Rajeswaran in Bengaluru)

(([email protected]; +91 9769003463;))

MUMBAI, Aug 18 (Reuters) - India's Bajaj Finance BJFN.NS has accepted bids worth 5 billion rupees ($52.26 million) for the reissue of 7.79% April 2036 bonds, three bankers said on Tuesday.

The non-banking finance company will offer a yield of 7.97% and had invited bids for the issue on Monday, they said.

The company did not respond to a Reuters email seeking comment.

Here is the list of deals reported so far on August 18:

*Size includes base plus greenshoe for some issues

($1 = 95.6700 Indian rupees)

(Reporting by Dharamraj Dhutia; Editing by Nivedita Bhattacharjee)

(([email protected]))

MUMBAI, Aug 14 (Reuters) - India's Bajaj Finance BJFN.NS plans to raise 20 billion rupees ($209.68 million), through the reissue of 7.79% April 2036 bonds, three bankers said on Friday.

The non-banking finance company has invited bids for the issue on Monday, they said.

The company did not respond to a Reuters email seeking comment.

Here is the list of deals reported so far on August 14:

*Size includes base plus greenshoe for some issues

($1 = 95.3825 Indian rupees)

(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Priyanka G)

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The author is a Reuters Breakingviews columnist. The opinions expressed are her own.

By Shritama Bose

MUMBAI, August 13 (Reuters Breakingviews) - Never underestimate Mukesh Ambani's ability to find marquee foreign investors to back his vast empire. His latest champion is Bank of America BAC.N, which on Wednesday said it would buy 49.9% of Jio Credit, the lending unit of the tycoon's Jio Financial Services JIOF.NS, for up to $1.9 billion. The unusual deal is a bet on India's under-penetrated credit market, but also on Ambani's reputation for disruption.

The bank run by Brian Moynihan will pay 66.13 billion rupees ($693.33 million) in cash for a 26.5% stake in the subsidiary of the $18 billion Jio Financial, with the rest coming in the form of warrants convertible within 18 months. Besides growth capital, the Wall Street major can offer Jio Credit the benefit of its risk management know-how, similar to BlackRock's BLK.N partnership with the Indian group in asset management, and Allianz's ALVG.DE in insurance.

It also makes sense for BofA to follow companies into a fast-growing market. Multinational businesses including Apple AAPL.O and chipmaker Micron Technology MU.O are doubling down on manufacturing in the world's most populous country. The partnership could help Jio Credit tap some of BofA's global clients, while also allowing the American bank to do more business with them.

The transaction values Ambani's fledgling lending business at 2.5 times its post-money net book value. For BofA, that makes the deal an inexpensive pathway into India's booming credit market. For comparison, Jio Credit's $71 billion rival Bajaj Finance BJFN.NS, which boasts a loan book 18 times as large as the former's $3.2 billion, trades at 4.7 times its one-year forward book value, according to LSEG data.

The deal is unusual in one sense: there are few clear precedents from BofA's perspective, aside from a historic stake in China Construction Bank 601939.SS, which it inherited from Merrill Lynch and exited in 2013. It suggests a long-term wager on Ambani, who has reoriented India's telecom sector and is now aiming to replicate that success in financial services. Early signs are encouraging: Jio Credit more than doubled its loan book during the financial year ended March 31.

Nor can it hurt BofA's broader India businesses to have a deeper association with the empire of Ambani, whose businesses from digital communications to consumer retail are getting closer to their public debuts. BofA is rebuilding its local investment banking team and leaving behind an insider trading probe from 2024, which it settled with authorities in May without admitting or denying the findings, according to the regulator's statement.

Ambani's newest cross-border partner is going in with little to lose and a whole new market to win.

Follow Shritama Bose on LinkedIn and X.

CONTEXT NEWS

Bank of America will buy a 49.9% stake for up to $1.9 billion in Jio Credit, the non-bank lending unit of Jio Financial Services, the two firms said on August 12.

The U.S. bank will pay 66.13 billion rupees in cash ($693.33 million) for a 26.5% stake in the Indian lender. The rest of the investment will be in the form of warrants convertible within 18 months from the date of allotment.

(Editing by Liam Proud; Production by Aditya Srivastav and Streisand Neto)

((For previous columns by the author, Reuters customers can click on BOSE/[email protected]))

MUMBAI, Aug 7 (Reuters) - India's Bajaj Finance BJFN.NS has accepted bids worth 11.15 billion rupees for bonds maturing in three years and three months, three bankers said on Friday.

The non-banking finance company will pay an annual coupon of 7.78% on this issue and had invited coupon and commitment bids earlier in the day, they said.

The company did not respond to a Reuters email seeking comment.

Here is the list of deals reported so far on August 7:

*Size includes base plus greenshoe for some issues

(Reporting by Dharamraj Dhutia and Khushi Malhotra)

(([email protected]))

MUMBAI, Aug 6 (Reuters) - India's Bajaj Finance BJFN.NS plans to raise 20 billion rupees ($210.22 million) through the sale of bonds maturing in three years and three months, three bankers said on Thursday.

The non-banking finance company has invited coupon and commitment bids for the issue on Friday, they said.

The company did not respond to a Reuters email seeking comment.

Here is the list of deals reported so far on August 6:

*Size includes base plus greenshoe for some issues

($1 = 95.1400 Indian rupees)

(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Harikrishnan Nair)

(([email protected]))

July 31 (Reuters) - Shares of India's Bajaj Finance BJFN.NS jumped to an all-time high on Friday, rising about 7% to 1,127 rupees, as the non-bank lender's first-quarter beat estimates across metrics.

At least five brokerages raised their target prices after the company reported results on Thursday.

(Reporting by Abhirami G in Bengaluru; Editing by Sherry Jacob-Phillips)

(([email protected]))

** Bajaj Finance shares BJFN.NS down 1.1% at 1,042.70 rupees

** Seven analysts on average expect Q1 consol profit to rise 25% y/y- LSEG-compiled data

** BJFN, in pre-quarterly update, reported 24% rise in Q1 assets under management, its fastest in three quarters, benefiting from strong credit demand

** PL Capital says growth aided by traction in new businesses like gold loans and tractor loans

** Expects net interest margin squeeze on rise in cost of funds; says credit cost at 1.7% from 1.65% in Q4 as stress persists in loans to small and medium businesses (MSME)

** Ambit Capital expects credit cost to rise to 2%, on seasonally high bad loans

** Analysts said MSME segment stress to be key monitorable

** YTD, stock up 5.7% vs Nifty 50's .NSEI 7.2% drop

(Reporting by Nishit Navin and Kashish Tandon in Bengaluru)

(([email protected]))

Rewrites throughout with management commentary

By Surbhi Misra

July 24 (Reuters) - India's Shriram Finance SHMF.NS expects borrowing costs to ease further following recent domestic credit ratings upgrades, after lower funding costs helped the non-bank lender post a jump in quarterly profit.

The lender's standalone profit rose 59.79% during the quarter to 34.45 billion rupees ($357.05 million), helped by a bigger loan book and wider lending margins as funding costs eased.

"Incremental cost of funds will be around 50 to 60 basis points lower compared with the previous quarter," Managing Director Parag Sharma told Reuters in a post-earnings interview, adding that the benefit would translate into lower interest costs.

However, rural demand, geopolitical developments and the impact of tariffs on small businesses remained key risks to the outlook, Sharma added.

Analysts expect Indian non-bank lenders to report strong June-quarter earnings, supported by resilient credit demand, healthy collections and easing funding costs despite seasonal weakness.

Mahindra & Mahindra Financial Services MMFS.NS posted a 69.7% jump in quarterly profit earlier this week, while larger peer Bajaj Finance BJFN.NS is due to report results next week.

Shriram Finance's assets under management rose 15.26% year-on-year to 3.14 trillion rupees, led by growth in commercial and passenger vehicle loans, along with MSME loans.

Its net interest income — the difference between interest earned on loans and paid on borrowings — rose 33.67% to 80.56 billion rupees, while net interest margin expanded to 9.04% from 8.61% in the preceding quarter and 8.11% a year earlier.

"The margin was slightly above 9% because of investment income," Sharma said, referring to income earned from temporarily deploying proceeds from the company's recent equity infusion. "Long term, we will still target around 8.5%."

The company's gross stage 3 assets, or loans overdue for more than 90 days, stood at 4.64% of total loans, compared with 4.58% in the preceding quarter.

($1 = 96.4850 Indian rupees)

(Reporting by Surbhi Misra in Bengaluru; Editing by Ronojoy Mazumdar and Vijay Kishore)

(([email protected] | X: https://twitter.com/SurbhiMisra_ |;))

MUMBAI, July 22 (Reuters) - India's Bajaj Finance BJFN.NS has accepted bids worth 11.40 billion rupees ($118.08 million) for the reissue of its 7.93% June 2029 bond, three bankers said on Wednesday.

It will offer a yield of 7.85% and had invited commitment bids for the issue earlier in the day, they said.

The company did not respond to a Reuters email seeking comment.

Here is the list of deals reported so far on July 22:

*Size includes base plus greenshoe for some issues

($1 = 96.5450 Indian rupees)

(Reporting by Khushi Malhotra; Editing by Priyanka.G)

(([email protected]))

MUMBAI, July 21 (Reuters) - India's Bajaj Finance BJFN.NS plans to raise up to 20 billion rupees ($207.82 million), including a greenshoe option of 10 billion rupees, through the sale of bonds maturing in 2 years and 11 months, three bankers said on Tuesday.

It will pay a coupon of 7.93% and has invited commitment bids for the issue on Wednesday, they said.

The company did not immediately respond to a Reuters email seeking comment.

Here is the list of deals reported so far on July 21:

*Size includes base plus greenshoe for some issues

($1 = 96.2350 Indian rupees)

(Reporting by Khushi Malhotra)

(([email protected]))

** Shares of non-bank lender Bajaj Finance .BJFN.NS rise as much as 2.05% to 1,039.3 rupees, their highest since Feb. 23

** BJFN says in a business update after market hours on Thursday that its assets under management (AUM) grew by 24% year-on-year in the June quarter

** The update "improves our confidence in BJFN's financial year 2027 AUM growth delivery at the higher end of its guided range," says J.P.Morgan

** Terms BJFN, its preferred pick in the Indian NBFC space, reiterates "overweight" rating

** Jefferies says strong AUM growth "reflects healthy core trends and seasonally stronger demand for consumer durable loans"

** Says BJFN remains among its top picks, retains "buy"

** Average rating of 34 analysts tracking BJFN is "buy"; median price target is 1,100 rupees - data compiled by LSEG shows

** BJFN shares up 5% YTD, outperforming Nifty 50's .NSEI 7% drop and financials' .NIFTYFIN 2.4% fall - per exchange data

(Reporting by Bharath Rajeswaran in Bengaluru)

(([email protected]; +91 9769003463;))

Bajaj Finance reported a 24% year‑on‑year rise in assets under management to ₹5,46,900 crore as of 30 June 2026, adding ₹36,900 crore during the April‑June quarter. Customer franchise grew by 16.8% to 124.43 million, and new loans booked increased 20% to 16.13 million compared with the same period last year. The deposit book stood at around ₹68,500 crore. The figures are provisional and subject to audit, giving investors a first look at the non‑bank lender’s operational performance for the first fiscal quarter.

Powered by Tijori

July 2 (Reuters) - Bajaj Finance Ltd BJFN.NS:

• BAJAJ FINANCE - AUM GREW BY 24% Y/Y AS OF 30 JUNE 2026

• BAJAJ FINANCE - DEPOSITS BOOK STOOD AT 685 BILLION RUPEES AS OF 30 JUNE 2026

Source text: ID:nnAZN4T5OEP

Further company coverage: BJFN.NS

(([email protected];))

MUMBAI, June 17 (Reuters) - India's Bajaj Finance BJFN.NS accepted bids worth 13.90 billion rupees ($147.28 million) for the reissue of 7.07% September 2028 bonds, three bankers said on Wednesday.

It will offer a yield of 7.80% and had invited commitment bids for the issue earlier in the day, they said.

The company did not immediately respond to a Reuters email seeking comment.

Here is the list of deals reported so far on June 17:

*Size includes base plus greenshoe for some issues

($1 = 94.3775 Indian rupees)

(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Harikrishnan Nair)

(([email protected], [email protected]))

By Dharamraj Dhutia

MUMBAI, June 11 (Reuters) - Indian companies are rushing to raise short-term debt after the central bank's measures to support the rupee triggered a sharp fall in borrowing costs, four merchant bankers said.

Companies, led by non-banking financial firms, are raising more than 310 billion rupees ($3.24 billion) through up to five-year bonds this week, the bankers said. The supply is one-third of what was raised in April and May, according to Reuters data.

The Reserve Bank of India on Friday announced a raft of measures aimed at drawing dollars into the country, including raising subsidised deposits and incentivising banks and state-run companies to raise funds overseas.

This has pushed corporate borrowing costs lower by 40-45 basis points, per LSEG benchmark 'AAA'-rated corporate bond yields of up to five years, while the spread over government bonds has narrowed.

Corporate bond yields had risen to their highest in seven years in May.

A rise in overseas borrowings could reduce the need for local debt supply, leading to a rally in bonds below five years, said Ajay Marwaha, head of fixed income markets at global wealth firm Nuvama.

State-run REC raised three-year funds at a coupon of 7.34% earlier this week, much lower than prevailing levels in the secondary market. NABARD, another state-run financial institution, raised funds for three years at 7.34% after cancelling a similar issue in May where rates could have touched nearly 8%.

Other major non-bank lenders lining up debt sales include Bajaj Finance BJFN.NS, Muthoot Finance MUTT.NS, Bajaj Housing Finance BAJO.NS and L&T Finance LTFL.NS, with planned issuances of 85 billion rupees, 27.5 billion rupees, 20 billion rupees and 15 billion rupees, respectively.

Despite the recent rally in bonds, investor appetite remains strong on expectations of further gains.

"Investors with a more than 18-month investment horizon are looking at corporate bond funds that present an attractive investment opportunity from a relative risk-reward perspective," said Puneet Pal, head of fixed income at PGIM India Asset Management.

($1 = 95.6950 Indian rupees)

(Reporting by Dharamraj Dhutia; Editing by Sonia Cheema)

(([email protected];))

MUMBAI, May 19 (Reuters) - India's Bajaj Finance BJFN.NS has accepted bids worth 10.25 billion rupees ($106.18 million) for bonds maturing in 10 years, three bankers said on Tuesday.

It will pay an annual coupon of 8.08% on this issue, and had invited bids earlier in the day, they said.

The bonds will have a put option after three years.

The company did not immediately respond to a Reuters email seeking comment.

Here is the list of deals reported so far on May 19:

*Size includes base plus greenshoe for some issues

($1 = 96.5325 Indian rupees)

(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Eileen Soreng)

(([email protected]))

MUMBAI, May 18 (Reuters) - India's Bajaj Finance BJFN.NS plans to raise up to 30 billion rupees ($311.34 million), including a greenshoe option of 10 billion rupees, through the sale of bonds maturing in 10 years, three bankers said on Monday.

It has invited coupon and commitment bids for the issue on Tuesday, they said, adding that the bond will have a put option after three years.

The company did not immediately respond to a Reuters email seeking comment.

Here is the list of deals reported so far on May 18:

*Size includes base plus greenshoe for some issues

($1 = 96.3575 Indian rupees)

(Reporting by Dharamraj Dhutia, Khushi Malhotra; Editing by Nivedita Bhattacharjee)

(([email protected], [email protected]))

By Dharamraj Dhutia

MUMBAI, May 8 (Reuters) - Five AAA-rated non bank finance companies (NBFCs) are planning to raise as much as 150 billion rupees ($1.6 billion) through sale of bonds maturing from two years to five years, three merchant bankers said on Friday.

A drop in Indian corporate debt yields, especially for shorter term funds, has prompted companies to go back to the market after a quiet April.

Below are some of the issues likely to hit the market soon, based on information from merchant bankers, who declined to be identified as they are not authorised to speak to the media.

• Bajaj Finance aims to raise 90 billion rupees through two separate debt issuances, while Tata Capital plans to mobilise 17.70 billion rupees through a dual-tranche bond sale.

• Bajaj Housing Finance is targeting 15 billion rupees, and M&M Financial Services is looking to raise 10 billion rupees.

• Poonawalla Fincorp accepted bids worth 10 billion rupees earlier on Friday.

• None of the companies responded to Reuters' requests for comment.

• Yields on AAA-rated papers of up to five-year maturity have eased by around 15 basis points over last couple of days as oil prices have eased on hopes of a resolution to the Iran war.

• Bankers said firms are trying to front-load borrowings before volatility returns, particularly with geopolitical risks still unresolved.

• Benefit of bond funding over bank loans like tenor flexibility, better liability matching, faster rate transmission makes it favourable, Priyashis Das, CEO at a bond trading platform Altifi said.

($1 = 94.5450 Indian rupees)

(Reporting by Dharamraj Dhutia; Editing by Nivedita Bhattacharjee)

(([email protected];))

Adds details and background throughout

April 30 (Reuters) - Shares of India's Bajaj Finance BJFN.NS jumped as much as 5% on Thursday after analysts said the lender’s improving asset quality, easing credit costs and reaffirmation of its profit forecast point to a stable outlook despite earlier stress in small business lending.

The non‑bank lender's stock was the top gainer on Nifty Financial Services .NIFTYFIN, the heaviest sub-index, which was down 1.5%, while also topping the benchmark Nifty 50 .NSEI.

Analysts said tighter underwriting and improving asset quality have laid the groundwork for steadier and more durable growth, with CLSA noting that asset quality trends have been strengthening for the last two to three quarters.

The Bajaj group firm's reassertion of its long-term profit forecast of 23-24% indicated that growth is not expected to decline, according to CLSA analysts.

The forecast looks more achievable as the drag from captive two‑wheeler and three‑wheeler loans eases and newer segments ramp up despite slower micro, small and medium enterprises (MSME) growth, J.P. Morgan said.

Credit costs - provisions set aside for potential loan defaults - eased to 1.65% in the March quarter from 2.17% a year earlier and are expected to improve further to 1.45–1.60% this fiscal year.

(Reporting by Urvi Dugar in Bengaluru; Editing by Sonia Cheema)

(([email protected]; +91 9558725583;))

Adds details throughout

BENGALURU, April 29 (Reuters) - India's Bajaj Finance BJFN.NS posted a 22% rise in fourth-quarter profit on Wednesday, helped by lower bad loan provisions and steady loan growth.

The non-banking financial company's consolidated net profit rose to 54.65 billion rupees for the quarter ended March 31, largely in line with analysts' estimate of 54.9 billion rupees, per data compiled by LSEG.

The company, India's largest non-bank lender by market value, has been grappling with elevated bad loans, particularly in its micro, small and medium enterprises (MSME) segment, saw its provisions drop as it adopted a more cautious lending approach to riskier segments.

Bajaj Finance's loan losses and provisions fell to 20.08 billion rupees compared to 21.67 billion rupees a year earlier.

It reported a 22% year-on-year rise in asset under management for the fourth quarter, with new loan bookings up 20.5%, the company said earlier this month.

(Reporting by Pranav Kashyap and Nishit Navin in Bengaluru; Editing by Sonia Cheema)

(([email protected];))

MUMBAI, April 17 (Reuters) - India's Bajaj Finance BJFN.NS has accepted bids worth 20.04 billion rupees ($216.16 million) for bonds maturing in three years, three bankers said on Friday.

It will pay an annual coupon of 7.77% and had invited bids for the issue on Thursday, they said.

The company did not immediately respond to a Reuters' email seeking comment.

Here is the list of deals reported so far on April 17:

* Size includes base plus greenshoe for some issues

($1 = 92.7075 Indian rupees)

(Reporting by Dharamraj Dhutia)

(([email protected]))

April 3 (Reuters) - Bajaj Finance Ltd BJFN.NS:

• AUM GREW BY 22% AS OF 31 MARCH 2026

• NEW LOANS BOOKED GREW BY 20.5% Y/Y IN Q4 FY26

Source text: ID:nBSE75CNQQ

Further company coverage: BJFN.NS

(([email protected];;))

** Non-bank lenders Shriram Finance SHMF.NS and Bajaj Finance BJFN.NS rise 2% and 1%, while shadow lenders such as LIC Housing Finance LICH.NS, Muthoot Finance MUTT.NS and Jio Financial JIOF.NS gain 1.5%-2.5%

** Rise amid a CNBC-TV18 report that the Reserve Bank of India is not considering any proposal to cap the tenure or implement a force rotation of the top management of NBFCs

** CNBC-TV18's report follows market speculation that the central bank is contemplating such a move

** BJFN lost 10% last week, taking their three-week drop to about 18%; SHMF lost a modest 0.4% last week

** In a note dated March 10, 2026, Macquarie analysts led by Suresh Ganapathy said that such a regulation "could impact SHMF followed by BJFN and force them to plan for leadership transitions in the near to medium term"

** India's financials .NIFTYFIN lost 5.7% last week as benchmarks logged their worst week in years and confirmed correction, on higher crude prices due to the Middle East conflict, which renewed concerns over economy and earnings

(Reporting by Bharath Rajeswaran in Bengaluru)

(([email protected]; +91 9769003463;))

MUMBAI, Feb 18 (Reuters) - India's Bajaj Finance BJFN.NS has accepted bids worth 25 billion rupees ($275.67 million) for bonds maturing in three years and one month and in five years, three bankers said on Wednesday.

It will pay an annual coupon of 7.40% and 7.55% on these issues and had invited coupon and commitment bids earlier in the day, they said.

The company did not immediately respond to a Reuters email seeking comment.

Here is the list of deals reported so far on February 18:

*Size includes base plus greenshoe for some issues

($1 = 90.6880 Indian rupees)

(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Sonia Cheema)

(([email protected]))