Bajaj Finance, HDFC Bank, YES Bank, Bandhan Bank: What Q3 updates of private sector entities in BFSI space show

Most companies so far have released an encouraging set of numbers for the just-concluded quarter.

In its press release, Bajaj Finance said that its new loans booked grew by 15% to 13.90 million in Q3 FY26 as compared to 12.06 million in Q3 FY25.

The company's assets under management (AUM) grew by 22% to approximately ₹ 485,900 crore as of 31 December 2025 as compared to ₹ 398,043 crore as of 31 December 2024. In Q3 FY26, AUM grew by approximately ₹ 23,600 crore.

The deposits book stood at approximately ₹71,000 crore as of 31 December 2025, as compared to ₹68,797 crore as of 31 December 2024.

Customer franchise as of 31 December 2025 stood at 115.40 MM as compared to 97.12 MM as of 31 December 2024. In Q3 FY26, the customer franchise increased by 4.76 MM.

The bank’s period-end advances under management were approximately ₹29,460 billion as of December 31, 2025, a growth of around 9.8% over ₹26,839 billion as of December 31, 2024.

Its gross advances aggregated to approximately ₹28,445 billion as of December 31, 2025, a growth of around 11.9% over ₹25,426 billion as of December 31, 2024.

The bank’s average deposits stood at ₹27,524 billion, a growth of around 12.2% over ₹24,528 billion for the corresponding December 2024 period.

The bank’s average CASA deposits were ₹ 8,984 billion for the December 2025 quarter, a growth of around 9.9% over ₹ 8,176 billion for the corresponding December 2024 period.

The company's assets under management (AUM) grew by 23% to approximately ₹1,33,400 crore as of 31 December 2025, as compared to ₹1,08,314 crore as of 31 December 2024.

Accordingly, AUM in Q3 FY26 grew by approximately ₹6,652 crore.

The company’s loan assets (AR) stood at approximately ₹1,17,290 crore as of 31 December 2025, as compared to ₹95,570 crore as of 31 December 2024.

Deposits stood at ₹292,484 crore, down 1.3% QoQ but up 5.5% YoY.

Its credit-to-deposit ratio stood at 88% during the December quarter, as against 84.5% in the September quarter and 88.3% in the year-ago period.

The Liquidity Coverage Ratio (LCR) stood at 123.8% as against 133.2% in the December 2024 quarter.

'On book' means something that is recorded on a company’s own balance sheet. A PTC is a financial instrument issued when loans or assets are securitised.

CASA deposits also saw a decline of 4.5% on a YoY basis and 3.3% on a QoQ basis.

Retail term deposits stood at ₹70,690 crore, up 35.8% YoY and 4.1% QoQ.

The CASA ratio stood at 27.26%. It was 31.73% in the December 2024 quarter and 27.97% in the September FY26 quarter.

CASA stands for current account savings account.

The CASA ratio shows what portion of a bank’s total deposits comes from current and savings accounts. A higher CASA ratio is good for the financial firm.