IDFC First Bank receives Rs 514.82 crore insurance payout on microfinance defaults, expects full provision write-back
Published on: May 27, 2026, 6:44 p.m. | Source: The Economic Times
IDFC First Bank has successfully secured a substantial allocation of over Rs 500 crore from the Credit Guarantee Fund for Micro Units. This funding is targeted at eligible microfinance loans and is expected to enhance the bank's financial performance by allowing it to reverse previously set aside provisions for defaults.
