Padmaja Reddy backs away from microfin, goes for gold
Published on: Dec. 2, 2025, 1:16 a.m. | Source: The Economic Times
Microlending veteran Padmaja Reddy is exiting unsecured business by fiscal end to focus on gold loans, transitioning her firm Keertana Finserv to a 94% secured portfolio. Citing a "structural crisis" in microfinance, Reddy aims for Keertana to be a fully secured lender with gold loans comprising 95% of its assets under management by FY25.
