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Belstar Microfinance Diversifies with Gold Loans
16 Feb
Summary
- Belstar Microfinance's loan AUM reached ₹7,911 crore for 9M FY26.
- Total revenue for 9M FY26 stood at ₹1,312 crore.
- 39 new gold loan branches opened to diversify offerings.
Belstar Microfinance Limited (BML) has demonstrated robust financial growth in the nine months of Fiscal Year 2026. The company reported its loan Assets Under Management (AUM) at ₹7,911 crore, indicating a substantial increase in its lending activities.
Further highlighting its commercial success, BML's total revenue for the same period amounted to ₹1,312 crore. The firm maintained a healthy asset quality with Stage-III loan assets at 4.93 percent, supported by a strong provision coverage of 96.59 percent.
In a strategic move to broaden its financial offerings, Belstar Microfinance has opened 39 new gold loan branches during the first nine months of FY26. This diversification initiative aligns with the Reserve Bank of India's recent allowance for microfinance companies to hold up to 40 percent of their loan portfolio in non-microfinance products.
