Bajaj Finance Limited — Bonds & AAA (CRISIL) Rating

Nbfc · Financial Services

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Methodology v1.0 Download Report (PDF)

Latest Rating

AAA (CRISIL)

Total Debt Outstanding

₹108,624 Cr

Across 96 instruments

Listed Bonds

First Issue

2016-07-04

Latest Issue

2026-09-08

Maturity Range

2026 - 2036

Observation

96 active bonds tracked from this issuer.

View details →

Coverage: High Data Quality: High Sources: NSE, BSE, SEBI, rating agencies

01 Issuer Overview

Sector

Financial Services

Issuer Type

Nbfc

First Tracked Bond

2016-07-04

Start of this issuer's debt program timeline

96 active bonds tracked from this issuer.
78 of 85 tracked bonds with a stated security status are secured. (based on 85 bonds with a disclosed security status)
Most recent rating action: initial by CRISIL on 2026-09-17.

Bajaj Finance Limited is an NBFC in the financial services sector. Coupon rates on outstanding bonds range from 6.92% - 9.11%, paid annual. Bonds mature between 2026 - 2036.

Data sourced from NSDL, BSE, NSE, and registered credit rating agencies. Verify against the issuer's offer document before transacting.

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02 Debt Profile

Outstanding Bonds

Tracked by RetailBonds

Amount Tracked

₹108,624 Cr

Of bonds tracked by RetailBonds — not the issuer's total outstanding debt (disclosed for 59 of 96 bonds)

Avg Coupon

7.76%

Range 6.92% - 9.11%

Avg Remaining Tenure

4.1 Yrs

Nearest maturity 2026-09

Secured

91%

78 of 85 bonds with known status

Callable

Of 96 bonds

Avg Spread vs G-Sec

+191 bps

Credit premium (indicative)

Maturity Profile

Active bonds maturing, by year. Bar height relative to the tallest year (17 bonds).

Security Type / Instrument Mix

NCD 96 bonds · 100% · ₹108,624 Cr tracked

Funding Evolution

■ Issued that year — Cumulative outstanding (tracked)

Based on 58 of 96 active bonds with a known issue date and issue size — the rest are excluded, not assumed zero.

03 Credit Profile

AAA 57 bonds · 59%
AA 1 bonds · 1%
Unrated 38 bonds · 40%

Agency	Rating	Outlook	Bonds
CRISIL	AAA	—	26
CRISIL	AAA	Stable	25
INDIA_RATINGS	AAA	—	14
ICRA	AAA	—	8
CARE	AAA	Stable	3
CRISIL	AA	Stable	1

Recent Rating Actions

2026-09-17 · CRISIL

AAA

Initial · Stable

2026-07-29 · CRISIL

—

Other

2026-07-01 · CRISIL

—

Other

04 Outstanding Bonds View all bonds →

ISIN	Bond Name	Coupon	Rating	Maturity	YTM	Last Trade
INE296A08805	BFL-8.45%-29-9-26-PVT	8.45%	AAA (CARE)	2026-09-29	10.67%	2026-09-15
INE296A08821	BFL-8.05%-2-12-26-PVT	8.05%	AAA (CRISIL)	2026-12-02	—	—
IN8296A07202	8.10% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURE LETTER OF ALLOTMENT DATE OF MATURITY 08/01/2027	8.10%	—	2027-01-08	—	—
INE296A07SR9	8.10% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURE LETTER OF ALLOTMENT DATE OF MATURITY 08/01/2027	8.10%	AAA (CRISIL)	2027-01-08	7.36%	2026-08-31
INE296A07TG0	BFL-7.7215%-26-3-27-PVT	7.72%	AAA (CRISIL)	2027-03-26	7.20%	2026-09-08
INE296A07SX7	8.1167% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURE DATE OF MATURITY 10/05/2027	8.12%	AAA (CRISIL)	2027-05-10	7.50%	2026-08-14
IN8296A07228	8.1167% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURE DATE OF MATURITY 10/05/2027	8.12%	—	2027-05-10	—	—
INE296A07RZ4	BFL-7.70%-7-6-27-PVT	7.70%	AAA (CRISIL)	2027-06-07	7.57%	2026-07-01
IN8296A07129	7.70% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURE. OPTION I. DATE OF MATURITY 07/06/2027.	7.70%	—	2027-06-07	—	—
INE296A08847	BFL-8.15%-22-6-27-PVT	8.15%	AAA (CRISIL)	2027-06-22	—	—
INE296A07TK2	BFL-7.23%-28-06-27-PVT	7.23%	AAA (CRISIL)	2027-06-28	7.48%	2026-08-19
IN8296A07343	7.2337% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURE DATE OF MATURITY 28/06/2027	7.23%	—	2027-06-28	—	—
INE296A07SC1	BFL-7.6%-25-08-27-PVT	7.60%	AAA (CRISIL)	2027-08-25	7.65%	2026-08-12
IN8296A07152	7.60% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURE. DATE OF MATURITY 25/08/2027.	7.60%	—	2027-08-25	—	—
INE296A07TC9	8.12% SECURED RATED LISTED REDEEMABLE NON-CONVERTIBLE DBENTURE DATE OF MATURITY 10/09/2027	8.12%	AAA (CRISIL)	2027-09-10	7.77%	2026-09-24
IN8296A07269	8.12% SECURED RATED LISTED REDEEMABLE NON-CONVERTIBLE DBENTURE DATE OF MATURITY 10/09/2027	8.12%	—	2027-09-10	—	—
INE296A07SE7	BFL-7.95%-25-10-27-PVT	7.95%	AAA (CRISIL)	2027-10-25	—	—
INE296A07TF2	BFL-7.8%-10-12-27-PVT	7.80%	AAA (CRISIL)	2027-12-10	7.92%	2026-09-17
IN8296A07301	7.7951% SECURED RATED LISTED REDEEMABLE NON-CONVERTIBLE DEBENTURES DATE OF MATURITY 10/12/2027.	7.80%	—	2027-12-10	—	—
INE296A07SG2	BFL-7.88%-19-1-28-PVT	7.88%	AAA (CRISIL)	2028-01-19	—	—
INE296A07TT3	BFL-7.31%-11-2-28-PVT	7.31%	AAA (CRISIL)	2028-02-11	7.50%	2026-07-03
INE296A07SI8	BFL-7.90%-13-4-28	7.90%	AAA (CRISIL)	2028-04-13	8.04%	2026-09-21
IN8296A07160	7.90% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURES LETTER OF ALLOTMENT SERIES 286 TRANCHE 12 DATE OF MATURITY 13/04/2028	7.90%	—	2028-04-13	—	—
INE296A07SN8	BFL-7.73%-7-6-28-PVT	7.73%	AAA (INDIA_RATINGS)	2028-06-07	—	—
INE296A07TJ4	BFL-7.37%-26-06-28-PVT	7.38%	AA (CRISIL)	2028-06-26	8.07%	2026-09-24
IN8296A07327	7.3763% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURE DATE OF MATURITY 26/06/2028	7.38%	—	2028-06-26	—	—
INE296A07TM8	BFL-7.11%-10-7-28-PVT	7.11%	AAA (CRISIL)	2028-07-10	7.58%	2026-07-07
INE296A07SO6	BFL-7.85%-11-9-28-PVT	7.85%	AAA (CRISIL)	2028-09-11	8.08%	2026-09-16
INE296A07TN6	BFL-7.07%-21-9-28-PVT	7.07%	AAA (CRISIL)	2028-09-21	8.01%	2026-09-17
IN8296A07350	7.07% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURE DATE OF MATURITY 21/09/2028	7.07%	—	2028-09-21	—	—
INE296A07SQ1	8% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURE LETTER OF ALLOTMENT DATE OF MATURITY 17/10/2028	8.00%	AAA (INDIA_RATINGS)	2028-10-17	8.08%	2026-09-17
INE296A07TP1	BFL-7.24%-12-12-28-PVT	7.24%	AAA (CRISIL)	2028-12-12	—	—
INE296A07ST5	BFL-8.10%-23-1-29-PVT	8.10%	AAA (CRISIL)	2029-01-23	—	—
INE296A07TV9	BFL-7.40%-12-3-29-PVT	7.40%	AAA (CRISIL)	2029-03-12	7.83%	2026-07-30
INE296A07TW7	7.77% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURE DATE OF MATURITY 17/04/2029	7.77%	AAA (CRISIL)	2029-04-17	—	—
IN8296A07376	7.77% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURE DATE OF MATURITY 17/04/2029	7.77%	—	2029-04-17	—	—
INE296A07SZ2	BFL-8.06%-15-5-29-PVT	8.06%	AAA (CRISIL)	2029-05-15	7.75%	2026-07-10
IN8296A07244	8.06% SECURED RATED LISTED REDEEMABLE NON-CONVERTIBLE DEBENTURE DATE OF MATURITY 15/05/2029	8.06%	—	2029-05-15	—	—
INE296A07TZ0	7.93% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURE DATE OF MATURITY 12/06/2029	7.93%	AAA (CRISIL)	2029-06-12	8.12%	2026-09-21
IN8296A07392	7.93% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURE DATE OF MATURITY 12/06/2029	7.93%	—	2029-06-12	—	—
INE296A07TD7	BFL-7.98%-31-7-29-PVT	7.98%	AAA (CRISIL)	2029-07-31	8.02%	2026-08-24
IN8296A07277	7.98% SECURED RATED LISTED REDEEMABLE NON-CONVERTIBLE DEBENTURE. DATE OF MATURITY 31/07/2029.	7.98%	—	2029-07-31	—	—
INE296A07UB9	7.70% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURE DATE OF MATURITY 20/09/2029	7.70%	—	2029-09-20	—	—
INE296A08813	BFL-8.06%-4-10-29-PVT	8.06%	—	2029-10-04	—	—
INE296A08870	8.06% UNSECURED LISTED RATED REDEEMABLE NON CONVERTIBLE DEBENTURES. SERIES 189. DATE OF CONVERSION 04/10/2029	8.06%	—	2029-10-04	—	—
INE296A07UD5	7.78% SECURED RATED LISTED REEDEMABLE NON CONVERTIBLE DEBENTURE DATE OF MATURITY 09/11/2029	7.78%	—	2029-11-09	—	—
INE296A07RA7	BFL-7.90%-10-1-30-PVT	7.90%	AAA (CRISIL)	2030-01-10	7.74%	2026-06-29
INE296A07RD1	BFL-7.60%-11-02-30-PVT	7.60%	AAA (CRISIL)	2030-02-11	7.88%	2026-07-09
IN8296A07285	7.60% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURES. DATE OF MATURITY 11/02/2030	7.60%	—	2030-02-11	—	—
INE296A07UF0	8.07% SECURED RATED LISTED REEDEMABLE NON CONVERTIBLE DEBENTURE DATE OF MATURITY 25/03/2030	8.07%	—	2030-03-25	—	—

Compare (/) Compare Bonds

YTM and Last Trade depend on secondary-market volume — shown only for bonds with a recorded BSE/NSE trade.

05 Market Activity

Last 30 days, across all outstanding bonds from this issuer.

Traded Value (Last 30 Days)

₹0.0 Cr

Number of Trades (Last 30 Days)

Avg. Yield (Last 30 Days)

8.02%

06 Regulatory Filings

BSE Corporate Announcements

Bajaj Finance Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 01/10/2026 ,inter alia, to consider and approve proposal for raising of funds .... 2026-09-23

Certificate of payment of Interest and Principal in respect of Secured Non-Convertible Debentures 2026-09-23

Interest Payment for Secured Non-Convertible Redeemable Debentures under ISIN INE296A07TN6 and INE296A07SP3. 2026-09-21

Schedule of Analysts''/Investors'' Meet. 2026-09-17

Schedule of Analysts''/Investors'' meet. 2026-09-17

Schedule of Analysts/Investors'' meeting. 2026-09-15

Interest Payment for Secured Non-Convertible Redeemable Debentures under ISIN INE296A07SO6 2026-09-11

Interest Payment for Secured Non-Convertible Redeemable Debentures under ISIN INE296A07TC9 2026-09-10

Allotment of Secured Redeemable Non- Convertible Debentures on Private Placement basis 2026-09-08

Interest Payment for Secured Non-Convertible Redeemable Debentures under ISIN INE296A07SD9 2026-09-08

NSE Corporate Announcements

Allotment of Securities 2026-07-23

Analysts/Institutional Investor Meet/Con. Call Updates 2026-07-15

Certificate under SEBI (Depositories and Participants) Regulations, 2018 2026-07-09

Copy of Newspaper Publication 2026-07-08

General Updates 2026-07-07

Shareholders meeting 2026-07-07

Updates 2026-07-07

Allotment of Securities 2026-07-06

General Updates 2026-07-02

Trading Window 2026-06-29

Credit Rating Rationale

CRISIL Rating Rationale 2026-09-17

07 Methodology & Data Coverage

Dataset	Count	Freshness
Credit Ratings (current)	77	2026-05-29
Rating Actions History	3	2026-09-17
Secondary-Market Trades	197	2026-09-24
Reg52(4) Payment Disclosures	0	—

Methodology version 1.0. See full methodology for sources and limitations.

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Frequently Asked Questions

How many active bonds does Bajaj Finance Limited have?

Bajaj Finance Limited currently has 96 active bonds with coupons 6.92% - 9.11%, maturities spanning 2026 - 2036.

What is Bajaj Finance Limited's credit rating?

The most recent rating on Bajaj Finance Limited's bonds is AAA (CRISIL), published by CARE, CRISIL, ICRA, INDIA_RATINGS.

Are Bajaj Finance Limited's bonds secured?

Of the 85 bonds with a disclosed security status, 78 are secured (91%) and 7 are unsecured.

When do Bajaj Finance Limited's bonds mature?

Bajaj Finance Limited's active bonds mature between 2026 - 2036; the nearest matures in 2026-09; the average tenure is 4.1 Yrs.

What is the average coupon on Bajaj Finance Limited's bonds?

The average coupon across Bajaj Finance Limited's 96 active bonds is 7.76%.

Disclaimer: This page aggregates publicly available data about Bajaj Finance Limited for informational purposes only. Ratings shown are the opinion of the issuing rating agency and are not buy/sell recommendations. RetailBonds.in does not issue its own ratings or investment advice. Verify all data against the issuer’s offer document before transacting.