2 weeks ago
Newtap Finance gets CRISIL A-rating on disciplined growth
A company called Newtap Finance got a very good score from a rating agency called CRISIL.
This score is called a CRISIL A-rating.
Getting a good score means banks think Newtap is a safe company to give money to.
It means Newtap can borrow money more easily and at a lower cost.
Newtap is a lending company that gives personal loans to people.
It works mostly online and was started in September 2022.
It lends to salaried workers and self-employed people across many parts of India.
Another company called CRED owns a big share of Newtap.
By the end of March 2026, Newtap was managing loans worth about ₹4,582 crore.
This good rating should help the company grow bigger in the future.
Newtap Finance's borrowing programmes, covering bank loans and non-convertible debentures, were upgraded to a CRISIL A-rating.
CRISIL cited the company's growing scale, disciplined underwriting practices, and strong portfolio performance as key upgrade drivers.
The upgrade is expected to improve Newtap's access to diversified, lower-cost funding from banks and capital markets.
Newtap Finance is a digitally native NBFC founded in September 2022 that offers personal loans across 23 states and four union territories.
As of March 31, 2026, Newtap's managed loan portfolio stood at ₹4,582 crore, with on-book assets under management of ₹859 crore.
- Who
- Newtap Finance, a technology-first non-banking financial company (NBFC), and CRISIL, the rating agency that issued the upgrade.
- What
- Newtap Finance's borrowing programmes, covering bank loans and non-convertible debentures (NCDs), were upgraded to a CRISIL A-rating.
- Where
- India, where Newtap Finance operates across 23 states and four union territories.
- When
- The upgrade was reported on August 14, 2026, with financial figures as of March 31, 2026.
- Why
- CRISIL cited Newtap's growing scale, disciplined underwriting practices, and strong portfolio performance.
Key facts
- Rating
- CRISIL A-rating (upgraded)
- Coverage
- Borrowing programmes: bank loans and non-convertible debentures (NCDs)
- Founded
- September 2022
- Reach
- 23 states and four union territories
- Managed loan portfolio (Mar 31, 2026)
- ₹4,582 crore
- On-book assets under management (Mar 31, 2026)
- ₹859 crore
- Net worth
- ₹225 crore
- Capital adequacy ratio
- 24.4 per cent
- Strategic partner
- CRED (25.2 per cent stake)
- Regulator
- RBI Digital Lending Guidelines
Sources
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