SBFC Finance rating outlook revised to Positive by India Ratings

India Ratings revised outlook on SBFC Finance's bank loan facilities (about Rs 6,000 crore) and NCDs (Rs 500 crore) to Positive from Stable, while affirming long-term rating at IND AA-. New bank loan limit of Rs 1,000 crore also assigned IND AA-/Positive. Rationale cites expanding franchise across 256 branches, diversified secured loan book (AUM Rs 11,920 crore), healthy profitability (ROA 4.5%), adequate capitalisation, and diversified funding from 36 lenders. Constraints include moderate seasoning, rising credit costs at 1.64%, and senior management stability concerns.