Rajiv Bajaj to step down from Bajaj Finance board; firm’s Q4 profit rises 22%, misses estimates

Rajiv Bajaj has expressed his intention to step down as Non-Executive Director of Bajaj Finance and will not seek re-election at the company’s upcoming annual general meeting scheduled for July 30, 2026.The board has taken note of his decision and placed on record its appreciation for his long-standing contribution to the company.

Separately, Bajaj Finance reported a steady performance for the March quarter, with net profit rising 22% year-on-year to ₹5,465 crore, slightly below Street estimates. Net interest income grew 20% to ₹11,781 crore, also missing expectations.
The NBFC’s assets under management crossed the ₹5 lakh crore mark during the quarter, in line with its earlier business update.On shareholder returns, the board has recommended a final dividend of ₹6 per share for FY26, including a special payout of ₹0.60 per share linked to gains from the sale of Bajaj Housing Finance shares. The dividend is subject to shareholder approval and is expected to be credited around August 3, 2026.

Shares of Bajaj Finance ended at ₹930.00 on the NSE, up 0.69% for the day, ahead of the results announcement. The stock has risen 17% over the last one month.