ESAF Small Finance Bank Limited — Credit Ratings, 02-09-2026: Credit Rating

CARE Ratings reaffirmed ESAF Small Finance Bank's long-term ratings at CARE A- and short-term at CARE A1. Crucially, the outlook for long-term instruments improved from Negative to Stable. This reflects better asset quality, significantly lower loan slippages, and a return to consistent profitability after past losses. The bank also rebalanced its loan portfolio.