Microfinance credit costs to decline from 7-year high last fiscal
Microfinance institutions (MFIs1) are expected to report lower credit costs in fiscal 2026 on the back of three factors. One, there has been stabilisation in the collection efficiency from non-overdue accounts since December 2024.
US tariffs to have limited impact on key export sectors
The Crisil Ratings press release on April 1, 2025, titled, ‘Second half credit ratio at 2.64 times on domestic tailwinds’, included an assessment of the potential impact of reciprocal tariffs to be announced by the US administration on 11 key sectors.
Rupee volatility to spell earnings turbulence for certain sectors
A credit alert conveys the opinion of Crisil Ratings on a sharp and specific development.
Securitisation soars to a new high of ~Rs 2.35 lakh crore in fiscal 2025
Securitisation volume1 in India rose 24% on-year to ~Rs 2.35 lakh crore in fiscal 2025, the highest on record, driven by large deals originated by private sector banks and steady fund raising by non-banking financial companies (NBFCs2).
Second-half credit ratio at 2.64 times on domestic tailwinds
The Crisil Ratings credit ratio stood at 2.64 times in the second half of fiscal 2025, a tad lower than 2.75 times in the first half. In all, there were 423 upgrades and 160 downgrades (chart in annexure) during the period.
Ramkumar Uppara
Director - Corporate Communication
+91 9820177907
ramkumar.uppara@crisil.com
