Ind-Ra downgrades FY26 outlook for microfin companies
Mumbai: India Ratings & Research (Ind-Ra) has downgraded its outlook on the microfinance sector to ‘deteriorating’ from ‘neutral’ for the next fiscal ending March 2026, citing multiple headwinds such as borrower overleveraging, fraud, and lower footfalls in MFI centres. The banking sector, as a whole, will continue to be stable, said the agency. The sector-specific…
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