Reuters
Shares of Bajaj Finance fell the most in 16 months on Friday after the Indian non-bank lender forecast slower asset rise and weaker margins, leading to concerns over profit growth. Bajaj Finance on Thursday forecast its assets under management to grow between 26%-28% in the fiscal year that started April 1, compared with 34% growth in the previous year and said its net interest margin will fall 30-40 basis points over the next two quarters. Bajaj Finance was the worst performer on the benchmark Nifty 50 index, which was down 0.1%.