Credit Rating

Credit rating outlook for SBFC Finance Limited revised from Stable to Positive by India Ratings and Research on 30-Sep-2026 - Bank loan facilities rated IND AA-/Positive; total rated amount Rs 60,000 million - Non-convertible debentures affirmed at IND AA-/Positive for Rs 5,000 million - Outlook upgrade reflects expanding franchise, diversified loan book, healthy accruals, and adequate capitalisation - Asset quality stable with GNPA at 2.66% in 1QFY27; seasoning and senior management stability to be monitored - Liquidity adequate with unencumbered bank balance of Rs 18.64 billion covering near-term debt outflows - Rating sensitive to growth, asset quality, capital buffers, and leverage staying below 4.0x - Senior management changes addressed with minimal operational impact - Branch network expanded to 256 across 18 states and 201 cities as of 1QFY27