The Pulse of India's BFSI sector
The Pulse of India's BFSI sector
Analysis · Banking · Credit India’s Lenders Are Flush With Liquidity. RBI Doesn’t Want It Turning Into a Credit Price War. A record wave of foreign-currency deposits has transformed banking-system liquidity just as credit demand and lender risk appetite are strengthening. The question is no longer whether lenders have money to deploy — but where
Analysis · Fintech · Digital Lending Moneyview opens its IPO this week at a valuation ~41% below its 2024 private-market mark The fintech is seeking a valuation of roughly ₹6,000 crore — well below its 2024 private-market mark — even as revenue, disbursals and managed assets have expanded. The more important question is what investors
Moneyview opens its IPO this week at a valuation ~41% below its 2024 private-market mark Read More »
Analysis · NBFC · Peer Comparison Beyond the Giants: Four Mid-Sized NBFCs, Four Different Credit-Risk Curves UGRO Capital, MAS Financial, SBFC Finance and Five-Star Business Finance ended Q1 FY27 at broadly comparable balance-sheet scale. But their disclosures show credit risk sitting at very different points in the delinquency cycle. 19 September 2026 Credit risk /
Beyond the Giants: Four Mid-Sized NBFCs, Four Different Credit-Risk Curves Read More »
Analysis · NBFC · Five-Star Business Finance Five-Star’s Front-End Delinquency Indicators Are Improving — While GNPA Has Yet to Turn Early DPD, Stage 2 and slippages have begun to improve after FY26’s stress, while Stage 3, write-offs and credit cost still reflect the existing stock of stressed loans. The distinction is between formation of new
Five-Star’s Front-End Delinquency Indicators Are Improving — While GNPA Has Yet to Turn Read More »
Analysis · NBFC · SBFC Finance Beyond GNPA: SBFC Finance’s Risk Signal Is Moving Upstream Headline NPAs remain steady, but 0+ DPD, approval conversion, credit cost and Stage 2 provisioning point to pressure earlier in the credit funnel — a provisioning response developing ahead of the reported NPA line. 18 September 2026 Credit risk /
Beyond GNPA: SBFC Finance’s Risk Signal Is Moving Upstream Read More »
Analysis · NBFC · UGRO Capital UGRO Capital is Rebuilding both sides of it’s Balance Sheet The ₹380 crore FMO NCD is the latest piece of a broader reset: higher-yield Emerging Market LAP and embedded merchant finance on the asset side, longer-tenor institutional funding on the liability side, and less dependence on transaction-led earnings. The
UGRO Capital is Rebuilding both sides of it’s Balance Sheet Read More »
Analysis · NBFC · MAS Financial MAS Financials 20% growth ambition is holding up. The DPD pipeline shows where the test comes next Early stress has fallen from its FY26 peak even as originations accelerated. But the stock of loans already more than 90 days past due continues to rise. Seasoning and resolution are now