Bengaluru | December 11, 2025: SMFG India Credit (SMICC), one of India’s leading NBFCs, today announced a significant acceleration of its digital transformation strategy, with nearly 25% of its overall business driven by its digital ecosystem, translating into an Asset Under Management (AUM) of ~Rs 15,000 crore as of September 2025. This reflects a robust 45% Compound Annual Growth Rate (CAGR) in SMICC’s digital business over the past 2 years, underscoring the company’s strategic focus on building a scalable, future-ready lending franchise .

Further strengthening its technological backbone, the company has set its FY25–26 technology budget at close to ₹400 crore. This strategic investment strengthens SMICC’s digital core, enabling AI-led underwriting, deeper analytics, real-time portfolio monitoring, customer behaviour–based collections, and significantly accelerated disbursals.

SMICC is leveraging advanced analytics to drive its digital lending with a next-gen tech stack that goes beyond standard digitisation. The company is investing heavily in advanced machine learning models for real-time credit decisioning, dynamic risk scoring, and protective fraud detection, leading to faster turnaround times ensuring consistent and smoother customer experience across all touchpoints.

SMICC has also integrated digital CKYC, Digilocker-based verification, e-sign, and e-stamp capabilities into its onboarding processes, ensuring paperless, compliant, and faster customer journeys. Cutting edge security and intelligence layers– including biometric face match, deep fake detection, and AI powered credit assessment further strengthen SMICC’s digital lending platform. These ensure a secure, scalable, and deeply customer-centric digital ecosystem, making the process faster, compliant and audit-ready.

SMICC’s digital business momentum is anchored by leveraging partnerships with multiple fintech players. These partnerships have helped in rapidly expanding its reach among small merchants, gig workers, self-employed borrowers, and other digitally active customer cohorts.

Commenting on the growth, Mr. Swaminathan Subramanian, Chief Operating Officer, SMFG India Credit, said, “Our digital business, now contributing nearly a quarter of our overall business, is a testament to the impact of our accelerated technology investments. This growth is further strengthened by the company’s use of robust scorecards and automated decisioning models, API based interactions across partner ecosystems, real-time customer communications, and advanced reconciliation capabilities. Together, these capabilities have significantly accelerated loan processing and disbursals, thereby increasing SMFG India Credit’s overall digital business contribution. By leveraging robust partner ecosystems and strengthening our digital core, our aim is to be more agile, secure, and efficient, while creating long-term enterprise value.

These capabilities are expected to meaningfully reduce turnaround times, enhance scalability, and support new product innovation across SMICC’s diversified retail, MSME, affordable housing and digital lending portfolio.

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Bengaluru, December 08, 2025: Axis Finance Limited (AFL), one of India’s fastest-growing non-banking financial companies (NBFCs), today announced the launch of ABC Scorecards — a suite of advanced Application, Behaviour and Collection Scorecards designed to strengthen credit risk assessment and portfolio management through the use of data-driven insights and automation. This scorecard was built using TransUnion CIBIL’s analytics expertise.

The ABC Scorecards will empower Axis Finance to evaluate risk objectively, make faster and more consistent lending decisions, optimize collection strategies, and enhance portfolio health.

Customers will experience faster loan approvals, greater transparency in credit decisions and access to personalized loan solutions tailored to their financial profiles. The integrated framework combines advanced analytics with robust risk models across the entire customer journey, ensuring lending practices that are fair, consistent and backed by data.

This launch marks a strategic milestone for Axis Finance, which is an industry first, and was made possible by TransUnion CIBIL’s TruIQ Innovation Lab. Core teams from both organizations came together to develop scoring models tailored to meet the evolving needs of Axis Finance’s lending ecosystem. The initiative supports Axis Finance’s broader strategy of adopting data-first lending, automating key processes, and ensuring prudent risk management while driving sustainable business growth.

Commenting on the launch, Sai Giridhar, Managing Director & CEO, Axis Finance Limited, “At Axis Finance, we are committed to building a smarter, more inclusive and transparent lending ecosystem. The launch of ABC Scorecards marks a pivotal step in our digital transformation, introducing a data-driven approach to credit risk assessment powered by advanced analytics and automation. We have developed scoring models using TransUnion CIBIL’s expertise that combines analytics with real-time decisioning to enhance credit precision, accelerate loan approvals, and strengthen risk intelligence — all while delivering a fair and seamless customer experience.”

“We are delighted to assist Axis Finance to introduce this next-generation risk assessment model,” said Bhavesh Jain, MD & CEO, TransUnion CIBIL. “By combining TransUnion CIBIL’s data science expertise with Axis Finance’s on-ground lending experience, the ABC Scorecards empower lenders to make faster, smarter and more responsible credit decisions — redefining how credit risk is managed in India’s lending landscape. With our new advanced analytics suite of solutions “TruIQ”, we have been able to create models tailored to Axis Finance requirements and strengthen their risk management capabilities.”

This milestone reinforces Axis Finance’s position as a forward-looking institution, leveraging advanced analytics to drive customer-centric innovation and strengthen its ‘Grow the Good’ strategy through responsible, data-driven practices. This engagement further strengthens TransUnion CIBIL’s relationship with Axis Finance, enabling strategic projects between the two.

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The Company reported Assets Under Management (AUM) of Rs. 27,190 Crore as of Dec ‘24, registering a Y-O-Y growth of 7% as compared to Dec ‘23.

Q3 FY25 Highlights:

• AUM stood at Rs. 27,190 Crore as of Q3 FY25, a 7% growth compared to Q3 FY24.
• Total Income for Q3 FY25 was Rs. 1,710 Crore, a 12% growth compared to Q3 FY24.
• Profit Before Tax for Q3 FY25 stood at Rs. 321 Crore, a 40% growth compared to Q3 FY24.
• Net Profit After Tax was Rs. 240 Crore for Q3 FY25, a 40% growth compared to Q3 FY24.

9M FY25 Highlights:

• AUM stood at Rs. 27,190 Crore as of Dec ‘24, a 7% growth compared to Dec ‘23.
• Total Income for 9M FY25 was Rs. 4,956 Crore, a 16% growth compared to 9M FY24.
• Profit Before Tax for 9M FY25 stood at Rs. 724 Crore, a 28% growth compared to 9M FY24.
• Net Profit After Tax was Rs. 541 Crore for 9M FY25, a 28% growth compared to 9M FY24.

In Q3 FY25, credit demand increased, driven by festive fervour, increased consumption and attractive consumer offers. TVS Credit witnessed healthy growth during this period, particularly in Consumer Loans & Vehicle Finance with an improvement in market share. In Q3 FY25, TVS Credit witnessed its highest ever quarterly growth in customers, disbursing loan products to a record 16 Lakh new customers, taking its total base to nearly 1.8 crore customers.

TVS Credit remains resolute in its commitment to expand the product offerings, distribution, digital transformation, enhancing customer experience and operational efficiency.

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