Why Bajaj Finance, SBI Card, and RBL Bank Shares Soared Up to 4%?

On June 6, 2025, Shares of Bajaj Finance Ltd., SBI Card and Payment Services Ltd., and RBL Bank witnessed notable gains, rallying up to 4% after the Reserve Bank of India (RBI) released its monetary policy statement. The rally followed comments by RBI Governor Sanjay Malhotra, who highlighted a moderation in stress within the credit card and unsecured personal loan segments.

RBI Governor on Banks and NBFCs

During his policy address, Governor Malhotra noted that the strain previously observed in retail credit, particularly in unsecured loans and credit card receivables, has now eased. However, he cautioned that the microfinance sector continues to face elevated stress levels. “Banks and NBFCs involved in these segments are already adapting by revising their business strategies, enhancing credit assessment processes, and intensifying collection efforts to prevent undue risk accumulation,” Malhotra added.

The improvement in the unsecured lending environment has come as a relief for institutions heavily exposed to the segment. RBL Bank, which has a significant credit card portfolio, had seen its stock decline nearly 46% from its 52-week high due to concerns around asset quality.

Also Read: RBI Cut Repo Rate by 0.50%: Eases Policy Stance to Neutral from Accommodative

Positive Investor Sentiments

The latest developments have helped lift investor sentiment, RBL shares rising 3.5% to ₹214.1, though it still trades below its recent peak of ₹270. Over the past month, it has gained 9%.

Bajaj Finance, one of India’s largest non-banking financial companies (NBFCs), has also benefited from the easing credit stress. Its shares climbed 4.2% to ₹9,313, moving closer to their record high of ₹9,660.

SBI Cards, too, saw a strong move on Friday, gaining 4% to ₹982.9 after hitting a fresh all-time high of ₹986 during the session. The stock has advanced 10% over the past month, underscoring renewed investor confidence in the credit card space.

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