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MFIN's Alok Misra: Credit Guarantee Boost Could Revitalize MFI Lending

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Credit Guarantee Push May Revive MFI Lending: MFIN's Alok Misra

L&T Finance | The stock was an outperformer in 2025 and Nomura expects the stock to rise another 19.5% from current levels. Its "buy" rating comes with a price target of ₹325. Nomura's note stated that L&T Finance has nearly achieved its objectives highlighted in "Lakshya 2026" which is to increase its retail loan mix to 95% and a 25% CAGR in retail loans in 2026. It also said that L&T Finance has built commendable AI engines for underwriting and monitoring and it is already showing early signs of improvement in its asset quality. Macro events impacting rural customer base, disruption in AI engines and changes in management team driving AI are key downside risks.

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CNBC TV18•28-03-2026, 14:49

Credit Guarantee Push May Revive MFI Lending: MFIN's Alok Misra

•MFIN CEO Alok Misra states a ₹20,000 crore credit guarantee scheme could significantly revive the microfinance sector.
•The scheme, up from ₹7,500 crore, is expected to benefit 40-50 lakh borrowers and leverage ₹25,000 crore in funding for NBFC-MFIs.
•Misra highlights that the new portfolio's asset quality (1-90 days past due) is healthy at 1.9%, indicating recovery.
•He clarifies that higher 180-day-plus delinquencies are for old, already provisioned loans and should not concern lenders.
•The average ticket size increase to ₹61,000 is attributed to repeat lending to verified borrowers, not a cause for alarm.

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