&w=3840&q=100)
Bajaj Finance's new loans increase 23% in Q1 FY26, AUM jumps 25%
The Pune-based lender reported a 25 per cent YoY jump in assets under management (AUM) in Q1FY26 to Rs 4.41 trillion, compared to Rs 3.54 trillion in the corresponding period last year. During the quarter, its AUM grew by Rs 24,750 crore.
Similarly, in Q1FY26, its customer franchise increased by 4.69 million to 106.51 million. In the corresponding period last year (Q1FY25), its customer franchise stood at 88.11 million.
Meanwhile, the deposit book of the lender grew 15 per cent YoY to Rs 72,100 crore as of June 30, 2025, compared to Rs 62,774 crore in the same period last year.

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Economic Times
an hour ago
- Economic Times
Bajaj, Ather, TVS to cut output amid rare earth magnet shortage on China restrictions
Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel Mumbai | New Delhi: India's top electric two-wheeler makers, including Bajaj Auto Ather Energy and TVS Motor Company , are set to cut production this month due to a prolonged disruption in the supply of heavy rare earth (HRE) magnets from shortage, now in its fourth month, is threatening to slow the sector's rapid growth, industry executives said. Bajaj Auto , India's second-largest EV two-wheeler maker, is likely to halve its output, while Bengaluru-based Ather Energy plans to scale down production by 8-10%, people familiar with the developments told ET. TVS, which has topped sales for three consecutive months, is also expected to pare three firms are grappling with the shortage of HRE magnets, critical for electric traction motors."The disruptions in the EV supply chain, particularly concerning magnet availability, continue to pose challenges in the short to medium term," a TVS Motor spokesperson said. "We are working actively to mitigate the prevailing challenges."Former market leader Ola Electric, however, said it will maintain production uninterrupted, having stockpiled rare earth magnets ahead of time."There is no impact on production because of the rare earth magnets," an Ola Electric spokesperson said, declining to elaborate four firms account for eight out of every ten e-two wheelers sold in the local market."We've started to see some production disruption on the Chetak line," said Rakesh Sharma, executive director at Bajaj Auto. "Our R&D and procurement teams are working on alternatives, which are now in advanced stages of development," he email sent to Ather remained unanswered until press time automobile industry and the central government have been holding discussions with Chinese authorities to restore supplies of rare earth elements (REEs) and magnets and also have initiated negotiations with alternative suppliers like Vietnam, Indonesia and Japan. However, the shortage is persisting."There has been no progress on resuming magnet imports from China," said a senior industry executive. "TVS, Bajaj, and Ather are the first to be hit, but the entire segment could face disruption if the issue drags on."In June, the Society of Indian Automobile Manufacturers (SIAM) had warned that if supplies did not resume soon, manufacturers could be forced to scale back output due to dwindling inventories."If the current standoff continues, the EV sector's momentum could lose steam just as it begins to scale up," a top executive at a leading original equipment maker (OEM) told ET on condition of challenge comes at a time when the electric two-wheeler market continues to gain traction. Their sales surged 34% year-on-year in the first quarter of FY26 to about 298,000 units, according to data from the government's Vahan Ola has an inventory of rare earth magnet to last at least five to six months and it's also working on alternate supply chain solutions, people aware of the company's plans said. The company may even marginally increase production in July, they said.A lesser impact on Ola also comes against the backdrop of the company's underperformance. Ola Electric slipped to third place in June for the second straight month.


Time of India
an hour ago
- Time of India
State looks at pvt players to boost goat meat export
Kolkata: The state animal resources development department is looking at investment from private players for processing meat of Black Bengal goat and boost its export in global markets. Tired of too many ads? go ad free now State animal resources development (ARD) minister Swapan Debnath on Thursday asked stakeholders in the meat industry to invest in development of processing units to promote Black Bengal goat in international markets. He was speaking at a business conclave on animal husbandries and fisheries organised by Merchants' Chamber of Commerce. Special secretary in the ARD department Abhijit Shevale said in Purulia's Jhalda, about 300 farmers, mostly women, are farming Black Bengal goats that have a huge potential for export. Debnath said: "The Black Bengal goat's meat has huge potential and we request the private sector to harvest it in other parts of the state. They can invest in the processing of this goat meat and help rural farmers with a global platform." In Bengal, the total sale of meat, especially of chicken and mutton, has increased from Rs 34 crore to Rs 106 crore over last year. The ARD department has also included pig meat recently through a Broiler Integrated Project taken up three years ago. West Bengal Livestock Development Corporation Ltd (WBLDCL) witnessed a turnover of Rs 1,600 crore last year. Utpal Kumar Karmakar, MD of WBLDCL, said: "We are giving the piglets to marginal farmers, especially women, for harvesting pig meat. We have started exporting pig meat from Alipurduar, Siliguri and Jalpaiguri to countries like Bhutan, Bahrain, Qatar through private players." Bengal has also started supplying fish like prawns, rohu and catla to Bihar, Jharkhand and Odisha, according to fisheries minister Biplab Roy Chowdhury. "In one year, we would be able to reduce our dependence on Andhra Pradesh for fish supply," he said.


Hans India
2 hours ago
- Hans India
Five Villages Selected for Model Solar Village Competition
Udupi: Udupi district has embraced the Prime Minister Surya Ghar Yojana by selecting five villages to compete for the title of Model Solar Village. Announced on July 1, by the district-level committee, this initiative aligns with the central government's goal to promote renewable energy across India by establishing one model solar village per district, as outlined by the Ministry of New and Renewable Energy (MNRE). The chosen villages include Kotathattu, Kirimanjeshwara, Majuru, Nitte, and Uppoor. These villages will participate in a competitive evaluation from July 1 to December 31, 2025, to determine which can achieve the highest cumulative solar capacity, with the winner receiving Rs. 1 crore in central financial assistance to further its solar infrastructure. The PM Surya Ghar scheme aims to empower households to generate their own electricity through rooftop solar panels, reducing electricity costs and fostering environmental sustainability. Udupi's selection of these five villages reflects the district's proactive commitment to this vision, building on its history of adopting renewable energy.