New Delhi [India] November 19 (ANI): Small Finance Banks (SFBs) in India have entered a pivotal phase of their evolution, transitioning rapidly from their microfinance institution (MFI) roots into robust, diversified lenders with multi-product capabilities, according to a report by Systematix Institutional Equities.

It says, in contrast to their early years, when business models were centred on group-based microcredit and geographically narrow operations, SFBs today are demonstrating a broader lending mix, expanding into secured products such as affordable housing, MSME loans, and vehicle finance. This transformation has enhanced portfolio stability and positioned SFBs to compete more effectively with larger banking peers.

"A decade after the first licenses were issued, SFBs are emerging

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