Date: May 27, 2026
Other Operational / Legal / Strategic Disclosures
CGFMU Claim Receipt:
- The Bank has received an amount of ₹514.82 crore from NCGTC (National Credit Guarantee Trustee Company Limited)
- This payment relates to a claim under the 'Credit Guarantee Fund for Micro Units (CGFMU) Scheme'
- The claim pertains to the Bank's microfinance (MFI) portfolio consisting of loans to women entrepreneurs under Joint Liability Group structure
- The payout covers eligible MFI loans sanctioned up to March 2025
- The amount represents approximately 100% of the claim submitted by the Bank
Financial Impact:
- The Bank had already made provisions for these MFI defaults in previous periods
- The received amount of ₹514.82 crore is expected to be a write-back of such provisions made earlier
Future Coverage:
- Approximately 97% of all new microfinance loan originations from January 2024 onwards are covered by the Bank under the CGFMU Scheme
Regulatory Compliance:
- The information has been uploaded on the Bank's website at www.idfcfirst.bank.in