Residual stress in microfinance book
Despite stabilization, the microfinance book still carries elevated NPA levels and write-offs of ₹1,008 crore in 9M FY26.
medium · analyst_questionESAF Small Finance Bank Limited — Q3 FY26
ESAF Small Finance Bank reported a turnaround in Q3 FY26 with PAT of ₹7 crore, returning to profitability after losses.
bullish
high
Financial stats pending filing verification
Risk Intelligence
Material risks this quarter
Concise cards keep the risk register scannable while preserving evidence-level context in the underlying quarter data.
Risks
Slower-than-expected ROA normalization
Management indicated ROA normalization to 1.5-2% may take until FY28, implying near-term profitability pressure.
medium · management_commentaryCredit cost volatility from legacy portfolio
Backlog of NPAs to be absorbed may keep credit costs elevated in the near term, delaying margin recovery.
medium · management_commentary