Mumbai, May 13 -- India Ratings and Research stated that the affirmation reflects its expectation that SBFC would continue to grow its franchise over the medium term, driving operating leverage benefits, maintaining its focus on its two key secured products and maintaining profitability and capital buffers.

The ratings continue to be supported by the company's experienced management profile, demonstrating better governance and institutionalised approach, its pan-India presence, with less concentrated geographical presence, and stable asset quality performance.

The company's ability to maintain stable asset quality with seasoning of the portfolio and its ability to diversify funding across various instruments with scaling of the franchis...