Coverage
Microfinance
Svatantra Microfin: 88% of the book is microfinance as it files for a ₹3,000 crore IPO
India's second-largest NBFC-MFI filed its DRHP on 13 August with microfinance still 88.56% of a ₹23,818 crore book — the same concentration that saw two small finance banks turned back from universal licences.
Fusion Finance Limited, Portfolio Diversification, Microfinance (MFI) Reduction to 70% by FY29.
When a specialized microfinance lender deliberately cuts its core MFI portfolio share from 88% to 70%, credit risk defense takes priority over monoline growth.
CreditAccess Grameen profit jumps 7x to ₹493 Cr in Q1 FY27 as credit costs collapse
Credit costs fell 62.8% YoY as India's largest specialised microfinance lender posted ₹493 crore net profit, up from ₹60.2 crore a year earlier, signalling asset quality normalization after two years of stress.
ESAF Small Finance Bank crosses ₹50,000 Cr business, eyes repeat in half the time
The Kerala-based lender's MARG strategy has pushed secured assets past 60% of its loan book, marking a deliberate pivot away from microfinance.
Ujjivan SFB's secured book crosses 50% of advances for the first time
Secured loans grew 43% YoY to ₹21,638 crore in Q1 FY27, marking a structural shift away from Ujjivan's microfinance-only roots.
Eleven pumps ₹216 Cr more into NBFC arm, pivots from MFI to MSME lending
The conglomerate's total investment in its financial services arm now stands at ₹470 crore, marking a strategic shift away from pure microfinance toward diversified MSME lending.
Suryoday SFB board approves ₹500 Cr raise to fund pivot away from microfinance
The ₹300 Cr equity, ₹200 Cr debt fundraise is aimed at building capital adequacy for a shift into secured retail lending as RBI tightens scrutiny on unsecured loans.
How Bandhan Bank became India's first microfinance-to-universal bank in 14 years
Chandra Shekhar Ghosh left a ₹5,000/month salary to build a microfinance institution on trust. The RBI's 2015 universal banking licence made Bandhan the first MFI to cross that bridge.
Karur Vysya Bank pivots to growth after decade of balance-sheet cleanup
The mid-sized private lender is expanding into corporate lending, affordable housing, credit cards, and microfinance partnerships to lift yields after years of de-risking.
IDFC FIRST Bank writes back microfinance provisions after CGFMU insurance payout
The bank's early adoption of the Credit Guarantee Fund for Micro Units scheme triggered a full provision reversal, bolstering bottom-line profits and freeing capital for retail lending.
Utkarsh Small Finance Bank sells ₹1,491 Cr in NPAs for ₹195 Cr recovery
The lender offloaded stressed assets to ARCs at an 87% haircut, a move mirroring sector-wide balance sheet cleanup as microfinance stress persists.
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