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Fusion Finance aims to cut microfin share, offer larger retail loans
Fusion Finance plans to reduce microfinance loans to seventy percent by fiscal 2029. The company will introduce larger individual loans while focusing on small business lending. Assets under management aim to reach ten thousand crore rupees this fiscal year. This diversification follows regulatory changes allowing more non-microfinance loan options.
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economictimes.indiatimes.com
As banks shrink microfinance books, bigger lenders prepare to grab the gap
Large microfinance companies including Muthoot Microfin and Satin Creditcare have raised their growth forecasts as private banks, small finance banks and smaller MFIs scale back…
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Fusion Finance turns profitable as asset quality improves sharply
Fusion Finance reported a Rs 62.4 crore Q1 profit, reversing a year-ago loss, as improving asset quality lifted performance. Gross NPA declined to 2.5%, while net interest margin…
