BajajHousing - Corporate Updates

Ex-RBI Director joins Bajaj Housing finance board

Bajaj Housing Finance Limited has appointed Ajay Kumar Choudhary as an Independent Director on its board, the company announced on February 2, 2026. His appointment will take effect from March 1, 2026, and will continue for five years, subject to approval by the company’s shareholders.

Choudhary brings over three decades of experience in central banking and financial regulation. He retired as an Executive Director of the Reserve Bank of India (RBI) and has played key roles in areas such as payments, regulatory operations, and financial policy. His expertise is expected to strengthen the company’s governance, risk management, and compliance framework.

The decision to nominate Choudhary was made following the recommendation of the company’s Nomination and Remuneration Committee, which evaluates candidates for their experience, independence, and ability to contribute to board-level decisions. Once approved by shareholders, Choudhary will serve a full term of five years and will not be subject to retirement by rotation.

This appointment is part of Bajaj Housing Finance’s broader effort to enhance its board quality and governance as the company expands in India’s housing finance sector. Since its IPO in 2024, the company has been actively growing its lending portfolio and strengthening its regulatory compliance practices.

By bringing in a seasoned central banker like Choudhary, Bajaj Housing Finance signals its focus on strong corporate governance and strategic oversight, especially in a market where regulatory expectations and operational complexities are increasing.

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Bajaj Housing raises ₹509 cr via bonds

Bajaj Housing Finance Limited has raised ₹509 crore through the issuance of non‑convertible debentures (NCDs) at a 7.10 per cent annual coupon rate. The bonds were offered via private placement to select institutional and high‑net‑worth investors, and they will mature on October 16, 2028. This step provides Bajaj Housing with long-term funding to support its lending operations and expansion plans.

The successful fundraising reflects investor confidence in Bajaj Housing’s strong business performance. The company has seen steady growth in its assets under management (AUM), which reached ₹1.33 lakh crore as of December 31, 2025, a 23 per cent increase from the previous year. This growth highlights the company’s expanding housing loan portfolio and deepening market presence.

During the third quarter of the current fiscal year, Bajaj Housing disbursed approximately ₹16,500 crore in loans, up from ₹12,600 crore in the same period last year. This increase demonstrates the company’s ability to scale its lending operations even in a competitive market.

Analysts view this capital raising positively, noting that it strengthens the company’s balance sheet and enhances its capacity to meet growing demand for housing finance in India. The NCD proceeds will be used to support ongoing loan disbursements and fuel future growth, ensuring the company maintains financial flexibility.

The privately placed NCDs offer fixed returns to investors over a medium-to-long-term period. With a 7.10 per cent coupon rate, the bonds provide predictable interest income, while the company benefits from diversifying its funding sources and reducing reliance on short-term borrowings.

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