IDFC First Bank Receives ₹514.82 Crore Claim Payout from CGFMU for Microfinance Portfolio
IDFC First Bank Limited announced on May 27, 2026, that it has received a payment related to its microfinance (MFI) portfolio under the Credit Guarantee Fund for Micro Units (CGFMU) Scheme.The bank reported receiving an amount of ₹514.82 crore pertaining to the claim. This payout covers eligible MFI loans that were sanctioned up to March 2025. The received amount represents approximately 100% of the claim submitted by the bank.
The receipt of these funds is expected to function as a write-back of earlier provisions, as the bank had already accounted for potential MFI defaults in its past records.
The bank also provided operational context regarding the scale of its microfinance lending and scheme coverage. The data indicates that approximately 97% of all new microfinance loan originations made from January 2024 onward are covered by the bank under the CGFMU Scheme.
Key financial details regarding the payout are as follows:
| Parameter | Value |
|---|---|
| Amount Received | ₹514.82 crore |
| Scheme | CGFMU (Credit Guarantee Fund for Micro Units) |
| Coverage Period | MFI loans sanctioned up to March 2025 |
| Status | Expected to be a write-back of prior provisions |
IDFCFIRSTB Stock Price Movement
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