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HOMEFIRST - Home First Finan

📊 NSE: HOMEFIRST 🏢 Finance - Housing 📅 Last Updated: 12/14/2025 7:47

📢 Recent Corporate Announcements

Home First Finance FY26 PBT Jumps 41% to ₹7,078 Mn; Proposes ₹5.20 Dividend and ₹1,000 Cr Fundraise

🟢 POSITIVE ⭐ 9/10

EARNINGS 📅 06 May 2026, 06:53 PM

Home First Finance Company India Limited reported a robust financial performance for FY26, with total income reaching ₹19,227.22 million compared to ₹15,392.03 million in FY25. Profit Before Tax (PBT) saw a significant increase of 41% year-on-year, standing at ₹7,077.58 million. The board has recommended a dividend of ₹5.20 per share (260% of face value) and approved a substantial fundraise of up to ₹1,000 crore via Non-Convertible Debentures (NCDs) to fuel future growth. Additionally, the company announced the re-appointment of two independent directors and the retirement of a nominee director.

Total revenue from operations for FY26 grew to ₹19,145.89 million from ₹15,299.47 million in the previous year.
Profit Before Tax (PBT) for FY26 increased by 41% YoY to ₹7,077.58 million.
Recommended a final dividend of ₹5.20 per equity share for the financial year ended March 31, 2026.
Approved fundraising of up to ₹1,000 crore through the issuance of Non-Convertible Debentures (NCDs) on a private placement basis.
Re-appointed Ms. Geeta Dutta Goel and Mr. Anuj Srivastava as Independent Directors for a second five-year term.

💡 The strong earnings growth and the ₹1,000 crore fundraise plan indicate a positive growth trajectory and healthy capital adequacy for expansion. Investors may consider this a positive signal for long-term value, supported by a healthy dividend payout.

Home First Finance FY26 Profit Surges; Proposes ₹5.20 Dividend and ₹1,000 Cr NCD Fundraise

🟢 POSITIVE ⭐ 8/10

EARNINGS 📅 06 May 2026, 06:50 PM

Home First Finance Company reported a robust performance for FY26, with total income rising to ₹19,227.22 million from ₹15,392.03 million in FY25. The Board has recommended a dividend of ₹5.20 per share (260% of face value) and approved a significant fundraise of up to ₹1,000 crores via NCDs to fuel future growth. Additionally, the company is strengthening its governance by appointing M/s. Batliboi & Purohit as Joint Statutory Auditors for a three-year term starting FY27.

Total income for FY26 increased to ₹19,227.22 million, up from ₹15,392.03 million in the previous fiscal year.
Profit Before Tax (PBT) for FY26 reached ₹7,077.58 million compared to ₹5,015.88 million in FY25.
Recommended a dividend of ₹5.20 per equity share (260% of face value of ₹2) for the financial year ended March 31, 2026.
Approved the issuance of Non-Convertible Debentures (NCDs) for an amount not exceeding ₹1,000 crores via private placement.
Appointed M/s. Batliboi & Purohit as Joint Statutory Auditors for a 3-year period starting from FY 2026-27.

💡 Investors should take note of the strong bottom-line growth and the company's proactive capital raising for expansion. The healthy dividend payout and unmodified audit opinion further reinforce confidence in the company's financial stability.

Home First Finance Q4 FY26 PAT Jumps 42.7% YoY to ₹149 Cr; AUM Grows 24.9% to ₹15,878 Cr

🟢 POSITIVE ⭐ 8/10

EARNINGS 📅 06 May 2026, 06:07 PM

Home First Finance delivered a robust performance for Q4 FY26, with Profit After Tax (PAT) rising 42.7% YoY to ₹149 crore. Assets Under Management (AUM) reached ₹15,878 crore, supported by record quarterly disbursements of ₹1,572 crore, up 23.5% YoY. Asset quality improved significantly with GNPA declining to 1.8% from 2.0% in the previous quarter. The company maintained a high Return on Assets (RoA) of 4.1% and guided for approximately 25% AUM growth in FY27.

AUM grew 24.9% YoY to ₹15,878 crore, while disbursements hit an all-time high of ₹1,572 crore in Q4.
Full-year FY26 PAT increased by 41.4% YoY to ₹540 crore, resulting in a pre-money RoE of 16.8%.
Asset quality strengthened with GNPA at 1.8% (down 20bps QoQ) and 30+ DPD at 3.2% (down 50bps QoQ).
Profitability remains strong with a Q4 RoA of 4.1% and a consistent spread of 5.3%.
Physical distribution expanded to 171 branches and 373 touchpoints across 13 states and UTs.

💡 Investors should note the company's ability to maintain high growth and profitability while simultaneously improving asset quality. The positive guidance for FY27 and the successful QIP-adjusted RoE of 15.7% make it a strong performer in the affordable housing finance space.

Home First Allots 1.30 Lakh Equity Shares Under ESOP Schemes

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 04 May 2026, 09:30 PM

Home First Finance Company India Limited has approved the allotment of 1,30,464 equity shares of face value Rs. 2 each following the exercise of vested employee stock options. The allotment includes shares from three different schemes: ESOP II, ESOP 2021, and ESOP 2024. As a result, the company's total paid-up share capital has increased from Rs. 20.87 crore to approximately Rs. 20.89 crore. This is a routine administrative procedure to fulfill employee compensation obligations.

Allotment of 1,30,464 equity shares of face value Rs. 2 each to eligible employees.
Total paid-up share capital increased to Rs. 20,89,16,962 consisting of 10,44,58,481 shares.
Allotment includes 63,841 shares under ESOP II, 66,057 under ESOP 2021, and 566 under ESOP 2024.
Exercise prices for the allotted shares ranged from Rs. 117.242 to Rs. 987.950 per share.
The new shares rank pari-passu with existing equity shares of the company.

💡 This is a routine corporate action with negligible equity dilution of approximately 0.125%. No specific action is required from investors as it does not impact the company's core fundamentals.

Home First Finance Schedules Q4 & FY26 Earnings Call for May 7, 2026

🟡 NEUTRAL ⭐ 4/10

EARNINGS 📅 30 Apr 2026, 04:47 PM

Home First Finance Company India Limited has scheduled its earnings conference call for Thursday, May 7, 2026, at 4:00 PM IST. The call will focus on the audited financial results for the quarter and full year ended March 31, 2026. Senior management, including the MD & CEO and CFO, will be present to discuss performance and answer investor queries. This is a standard procedure following the conclusion of the fiscal year to provide transparency on the company's financial health.

Earnings conference call scheduled for May 7, 2026, at 4:00 PM IST.
Management representation includes MD & CEO Manoj Viswanathan and CFO Nutan Gaba Patwari.
The call will cover audited financial results for Q4 FY26 and the full fiscal year FY26.
Primary dial-in numbers for the call are +91 22 6280 1382 and +91 22 7115 8300.
Investor presentation will be made available on the stock exchanges and company website prior to the call.

💡 Investors should monitor the audited results release on or before May 7 and join the call to assess management's outlook on the affordable housing finance sector. Key metrics to watch include AUM growth, asset quality trends, and net interest margins.

Home First Finance Submits SEBI Regulation 74(5) Compliance Certificate for Q4 FY26

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 08 Apr 2026, 04:31 PM

Home First Finance Company India Limited has filed its quarterly compliance certificate under SEBI (Depositories and Participants) Regulations, 2018. The document, issued by KFin Technologies Limited, confirms the processing of dematerialization and rematerialization requests for the quarter ended March 31, 2026. This filing ensures that the company's share records are accurately maintained and reported to the stock exchanges. As a routine administrative requirement, it does not impact the company's financial fundamentals or operations.

Compliance certificate for the quarter ended March 31, 2026, submitted to BSE and NSE.
Certificate issued by Registrar and Transfer Agent (RTA) KFin Technologies Limited.
Confirms adherence to SEBI Regulation 74(5) regarding dematerialization of securities.

💡 This is a routine regulatory filing with no impact on stock valuation. Investors should monitor the company's upcoming financial results for operational performance updates.

Home First Finance Announces Trading Window Closure from April 1, 2026

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 31 Mar 2026, 05:45 PM

Home First Finance Company India Limited has officially closed its trading window for all designated persons and their immediate relatives starting April 1, 2026. This move is a standard regulatory requirement under SEBI (Prohibition of Insider Trading) Regulations, 2015, ahead of the company's financial results. The window will remain closed until 48 hours after the declaration of the audited financial results for the quarter and year ended March 31, 2026. The specific date for the board meeting to approve these results will be communicated separately.

Trading window closure effective from April 1, 2026.
Closure pertains to the audited financial results for Q4 and the full year ended March 31, 2026.
Restriction applies to all Designated Persons and their immediate relatives as per SEBI norms.
Trading window to reopen 48 hours after the official results announcement.
The board meeting date for result consideration is yet to be finalized and announced.

💡 This is a routine regulatory filing with no direct impact on stock fundamentals; investors should monitor for the upcoming Q4 earnings date announcement.

Home First Allots 81,996 Equity Shares Under ESOP Schemes

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 17 Mar 2026, 06:21 PM

Home First Finance Company India Limited has approved the allotment of 81,996 equity shares following the exercise of vested employee stock options. The allotment covers four different ESOP schemes (2012, II, 2021, and 2024) with exercise prices ranging from Rs. 56.226 to Rs. 970.300. This move has increased the total paid-up share capital to Rs. 20.87 crore, comprising 10,43,28,017 equity shares. The dilution to existing shareholders is negligible, representing approximately 0.08% of the total share capital.

Allotment of 81,996 equity shares of face value Rs. 2 each approved on March 17, 2026.
Total paid-up share capital increased from 10,42,46,021 to 10,43,28,017 equity shares.
Exercise prices for the allotted shares ranged from Rs. 56.226 to a high of Rs. 970.300 per share.
The allotment includes shares from four distinct schemes: ESOP 2012, ESOP II, ESOP 2021, and ESOP 2024.

💡 This is a routine corporate action with minimal impact on the company's valuation. Investors should continue to monitor the company's core operational performance and AUM growth rather than this minor equity dilution.

Home First Finance Schedules Investor Meetings and Jefferies NBFC Conference Participation

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 10 Mar 2026, 03:05 PM

Home First Finance Company India Limited has announced a series of investor interactions scheduled between March 13 and March 24, 2026. The engagement includes branch visits for analysts on March 13, 16, and 17, followed by one-on-one investor meetings from March 18 to March 20. Furthermore, the company will participate in the Jefferies 2nd India NBFC Access Day on March 24, 2026. These meetings will utilize the existing investor presentation previously released on January 22, 2026.

One-on-one meetings with existing and prospective investors scheduled for March 18-20, 2026
Branch visits for analysts and investors organized for March 13, 16, and 17, 2026
Participation in the Jefferies 2nd India NBFC Access Day - Conference on March 24, 2026
Company to use the latest publicly available documents and the Jan 22, 2026 investor presentation for discussions

💡 No immediate action is required as this is a routine regulatory disclosure; however, investors should watch for any management commentary or analyst notes that may emerge following these interactions.

Home First Finance Schedules Multiple Investor Meetings and Investec Conference Participation

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 26 Feb 2026, 01:39 PM

Home First Finance Company India Limited has announced a series of interactions with existing and prospective investors scheduled between March 2 and March 12, 2026. The company will conduct one-on-one meetings on March 2, 5, and from March 10 to 12. Additionally, the management is set to participate in the Investec Conference on March 9, 2026. These interactions will be based on the latest publicly available information and the investor presentation previously released on January 22, 2026.

One-on-one investor meetings scheduled for March 2, 5, and March 10-12, 2026.
Participation in the Investec Conference confirmed for March 9, 2026.
Management will refer to the Investor Presentation dated January 22, 2026, for all discussions.
The schedule is subject to change based on exigencies from either the company or the investors.

💡 This is a routine disclosure of investor relations activity; investors should monitor for any post-event transcripts or updated guidance that may emerge from these interactions.

Home First Finance Schedules Investor Meetings and Branch Visit in February 2026

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 19 Feb 2026, 04:58 PM

Home First Finance Company India Limited has scheduled one-on-one interactions with various institutional investors and analysts on February 20 and February 27, 2026. Additionally, the company has organized a branch visit for analysts and investors on February 23, 2026, to provide operational insights. The discussions will be based on the latest investor presentation previously released on January 22, 2026. These meetings are part of the company's regular investor relations engagement to discuss publicly available financial information.

One-on-one investor and analyst meetings scheduled for February 20 and February 27, 2026
Organized branch visit for analysts and investors on February 23, 2026, for ground-level insights
Discussions to focus on the investor presentation dated January 22, 2026
Meetings are subject to change based on exigencies from either the company or participants

💡 No immediate action is required as this is a routine regulatory disclosure. Investors should watch for any qualitative feedback or reports from participating analysts following the branch visit.

Home First Finance Allots 1.50 Lakh Equity Shares Under ESOP Schemes

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 19 Feb 2026, 10:06 AM

Home First Finance Company India Limited has allotted 1,50,385 equity shares of Rs. 2 each to employees upon the exercise of vested stock options. This move has increased the company's paid-up share capital to Rs. 20.85 crore, comprising 10.42 crore equity shares. The allotment spans three different ESOP schemes (II, 2021, and 2024) with exercise prices ranging from Rs. 117.24 to Rs. 970.30. These new shares are identical to existing shares and will be listed on BSE and NSE.

Approved allotment of 1,50,385 equity shares on February 18, 2026.
Paid-up capital increased from 10,40,95,636 to 10,42,46,021 equity shares.
Exercise prices varied significantly, with the highest being Rs. 970.30 per share.
The allotment represents a marginal dilution of approximately 0.14% of the total share capital.

💡 Investors should view this as a routine corporate action with minimal impact on share value or company fundamentals. No specific action is required.

Home First Finance Schedules Institutional Investor Meetings for Feb 17-18, 2026

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 11 Feb 2026, 11:18 AM

Home First Finance Company India Limited has informed the stock exchanges of upcoming one-on-one interactions with various institutional investors and analysts. The meetings are scheduled to take place on February 17 and February 18, 2026. The company will be discussing its performance based on the latest publicly available documents and the investor presentation previously released on January 22, 2026. This is a standard regulatory disclosure under SEBI (LODR) Regulations.

One-on-one meetings with institutional investors and analysts scheduled for Feb 17 and 18, 2026.
Company will refer to the investor presentation dated January 22, 2026, for discussions.
Disclosure made in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements).
Meetings are subject to change based on exigencies of the company or investors.

💡 This is a routine investor relations event; no immediate action is required. Investors may review the company's January 22 presentation to understand the current growth trajectory and asset quality.

Home First Finance Schedules Multiple Investor Conferences and Branch Visits in February 2026

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 06 Feb 2026, 11:40 AM

Home First Finance Company India Limited has announced an extensive schedule of institutional investor interactions for February 2026. The company will participate in high-profile events including the Goldman Sachs Asia Financials Corporate Day on February 11 and conferences by IIFL and Kotak on February 24 and 26, respectively. Additionally, the company is hosting a branch visit for analysts on February 12 to provide deeper operational insights. These meetings will focus on the latest investor presentation released on January 22, 2026.

Participation in Goldman Sachs 2026 Asia Financials Corporate Day on February 11 via virtual mode.
In-person attendance at IIFL Finance Conference (Feb 24) and Kotak Conference (Feb 26) in Mumbai.
Scheduled one-on-one investor interactions from February 9 to February 12, 2026.
Organized a dedicated branch visit for analysts and investors on February 12, 2026, to demonstrate ground-level operations.

💡 Investors should monitor for any management commentary or analyst notes that may emerge following these conferences. No immediate portfolio action is required as this is a routine investor relations update.

Home First Q3 FY26 PAT Jumps 44% YoY to ₹140 Cr; AUM Grows 25% to ₹14,925 Cr

🟢 POSITIVE ⭐ 8/10

EARNINGS 📅 30 Jan 2026, 10:56 PM

Home First Finance reported a strong Q3 FY26 with PAT rising 44% YoY to ₹140 crore and AUM reaching ₹14,925 crore. Despite a slight uptick in Gross Stage 3 assets to 2.0%, early-stage delinquencies (1+ DPD) improved by 20 bps to 5.3%, signaling stabilizing asset quality. The company achieved record quarterly disbursements of ₹1,318 crore and saw Net Interest Margins (NIM) expand to 6.0%. Crucially, the MD & CEO dismissed rumors regarding his exit, providing leadership stability for the projected 25% growth in FY27.

AUM grew 24.9% YoY to ₹14,925 crore with record quarterly disbursements of ₹1,318 crore.
Net Interest Margin (NIM) expanded to 6.0% from 5.4% QoQ, supported by optimized liquidity and lower borrowing costs.
Profit After Tax (PAT) increased 44% YoY to ₹140 crore, delivering a robust Return on Assets (ROA) of 4.0%.
Asset quality showed improvement in early buckets with 1+ DPD down 20 bps to 5.3%, though Gross Stage 3 rose 10 bps to 2.0%.
MD & CEO Manoj Viswanathan explicitly denied rumors of his departure, confirming his commitment to the company.

💡 Investors should take confidence in the strong disbursement momentum and the management's clarification on leadership continuity. The stock remains a solid play in the affordable housing finance space with a clear 25% growth guidance for FY27.

View All HOMEFIRST Announcements on Live Market Tracking →

💰 Financial Performance

Revenue Growth by Segment

Total operating income grew by 33% YoY from INR 1,157 Cr in FY24 to INR 1,539 Cr in FY25. Assets Under Management (AUM) grew at a 3-year CAGR of 33%, reaching INR 12,713 Cr by March 2025, driven by retail affordable housing loans which comprise the majority of the portfolio.

Geographic Revenue Split

Revenue is concentrated in Western and Southern India, with Gujarat contributing 29% of AUM, followed by Maharashtra at 14% and Tamil Nadu at 13% as of March 31, 2025. The company is actively diversifying, with growth expected from Andhra Pradesh, Uttar Pradesh, and Rajasthan.

Profitability Margins

Return on Total Assets (ROTA) stood at 3.41% in FY25, a slight moderation from 3.76% in FY24 due to rising cost of funds. Return on Net Worth (RONW) improved to 16.24% in FY25 from 15.54% in FY24. Q2 FY26 ROA was reported at 3.8% with an adjusted ROE of 16.7%.

EBITDA Margin

Interest coverage ratio stood at 1.70x in FY25 compared to 1.80x in FY24. Pre-provisioning operating profit is supported by an improvement in Opex to Average Assets, which fell from 2.9% in FY24 to 2.6% in FY25 due to economies of scale from branch expansion.

Capital Expenditure

HomeFirst raised INR 1,250 Cr through a Qualified Institutional Placement (QIP) in Q1 FY26, which increased its net worth from INR 2,520 Cr in March 2025 to approximately INR 3,750 Cr. This capital is earmarked for AUM growth and maintaining a low gearing of 2.6x.

Credit Rating & Borrowing

The company's long-term bank facilities were upgraded to 'CARE AA; Stable' from 'CARE AA-; Stable' in June 2025. Cost of borrowing decreased by 30 bps QoQ in Q2 FY26, with management aiming to bring the portfolio cost of funds below 8% by March 2026.

⚙️ Operational Drivers

Raw Materials

The primary 'raw material' is capital/debt. The funding mix as of March 2025 consists of Bank Term Loans (60%), NHB Refinance (16%), Direct Assignment (14%), Co-lending (3%), and NCDs/ECBs (5%).

Import Sources

Capital is sourced domestically from 33 lenders including public and private sector banks, the National Housing Bank (NHB), and international sources like the U.S. International Development Finance Corporation (DFC) and IFC.

Key Suppliers

Key financial partners include the National Housing Bank (NHB), International Finance Corp (IFC) which provided INR 280 Cr for green housing, and the U.S. DFC which approved a $75 million loan for women borrowers.

Capacity Expansion

Current physical capacity includes 163 branches and 366 touchpoints across 143 districts in 13 states as of Q2 FY26. The company added 5 districts and 8 branches in the most recent quarter to deepen market penetration.

Raw Material Costs

Cost of funds is the critical cost driver; incremental borrowing is being secured at competitive rates, leading to a 30 bps reduction in borrowing costs in Q2 FY26. Spreads are maintained between 5.0% and 5.25%.

Manufacturing Efficiency

Operational efficiency is driven by technology; 91% of loans are approved within 48 hours. Digital adoption is high with 83% Account Aggregator penetration and 80% digital fulfillment through e-agreements.

Logistics & Distribution

Distribution is managed through a network of 1,723 employees and 163 branches. Opex to assets is maintained at 2.6%, reflecting efficient distribution of financial products.

📈 Strategic Growth

Expected Growth Rate

30%

Growth Strategy

Growth will be achieved by expanding the branch network in Tier 2 and Tier 3 cities across AP, UP, and Rajasthan, and increasing the co-lending contribution to 10% of disbursements. The company leverages a 'Phygital' model combining 163 physical branches with 96% app-registration among customers.

Products & Services

Affordable housing loans for the economically weaker and low-income segments, Loan Against Property (LAP) for commercial and business purposes, and Green Housing finance.

Brand Portfolio

HomeFirst (Home First Finance Company India Ltd.)

New Products/Services

Expansion of the co-lending business, which grew 179% YoY in Q2 FY26, and Green Home loans certified under the IFC partnership (240 homes to date).

Market Expansion

Targeting deeper penetration in 143 districts across 13 states, specifically focusing on less concentrated states to reduce the 29% reliance on Gujarat.

Market Share & Ranking

HomeFirst is a leading player in the affordable housing finance segment with an AUM of INR 12,713 Cr and a 3-year CAGR of 33%.

Strategic Alliances

Partnerships with IFC for green housing (INR 280 Cr) and U.S. DFC ($75 million) for women-focused mortgage loans. Co-lending partnerships now account for 3.6% of total AUM.

🌍 External Factors

Industry Trends

The affordable housing industry is growing due to government proactive measures and a shift toward digital lending. HomeFirst is positioned as a tech-driven HFC with 91% of loans approved in <48 hours.

Competitive Landscape

Competes with other affordable housing finance companies and small finance banks. Competitive advantage lies in fast processing times and a diversified lender base of 33 institutions.

Competitive Moat

Moat is built on technology-led underwriting and a 'Low ESG Risk' rating (13.6 score from Sustainalytics). The ability to maintain a 3.41% ROTA while scaling branches provides a sustainable cost advantage.

Macro Economic Sensitivity

Highly sensitive to the interest rate cycle and inflation. Management notes an easing interest rate cycle and benign inflation as tailwinds for H2 FY26 momentum.

Consumer Behavior

Shift toward digital fulfillment (80% of agreements) and in-app service requests (87%) indicates a preference for tech-enabled financial services among the low-income cohort.

Geopolitical Risks

Limited direct impact as a domestic lender, though global interest rate shifts affect ECB costs and overall market liquidity.

⚖️ Regulatory & Governance

Industry Regulations

Regulated by the National Housing Bank (NHB) and RBI. Complies with Housing Finance Company (HFC) norms, including capital adequacy and liquidity coverage ratios.

Environmental Compliance

Categorized as 'Low Risk' by Morningstar Sustainalytics with a score of 13.6. The company has an ESG Execution Team and a monthly ESG dashboard to monitor compliance.

Taxation Policy Impact

Standard corporate tax rates apply; the company reported a PAT of INR 382 Cr on a Total Operating Income of INR 1,539 Cr in FY25.

Legal Contingencies

No auditor qualifications, no restatements of financials, and no allegations of financial imprudence are reported in the clean track record.

⚠️ Risk Analysis

Key Uncertainties

Asset quality seasoning is a key monitorable, as 71% of disbursements occurred in the last four years. Potential rise in credit costs (currently 40 bps) as the portfolio matures.

Geographic Concentration Risk

High concentration in Gujarat (29% of AUM) and Maharashtra (14%), making the company vulnerable to regional economic or regulatory shifts in these two states.

Third Party Dependencies

Relies on 33 lenders for debt; 60% of funding is from banks, creating a dependency on the banking sector's credit appetite.

Technology Obsolescence Risk

Mitigated by high digital adoption; 96% of customers are app-registered, and the company uses Account Aggregator frameworks for 83% of approvals.

Credit & Counterparty Risk

Credit risk is managed through conservative underwriting; 68% of borrowers are salaried, and the average loan tenure is 16-20 years with a behavioral maturity of 6-7 years.