Nifty’s fastest mover Bajaj Finance faces a growth bottleneck as swelling loan book raises red flags. What lies ahead?

Bajaj Finance, Nifty’s top performer, faces a growth slowdown due to stress in SME and captive 2/3 wheeler loan segments. The company has cut its growth guidance for FY26 to 22-23%, expecting asset quality to improve by Q4FY26/Q1FY27. New growth engines are expected to partially offset the impact.