MASFIN delivered a record high quarterly disbursement of INR14.8b (up 42% QoQ and 80% YoY). After exhibiting a sequential decline in four out of last five quarters, AUM grew 6% QoQ to INR57.9b. Asset quality (deteriorated by ~10bp QoQ to 1.9%), but has still been rather healthy compared to peers in MSME/SME lending. Capital adequacy as well as liquidity on the Balance Sheet continues to remain strong. While there has been a marginal deterioration in GS-III, it witnessed a sharp recovery in disbursement and AUM growth. MASFIN continues to focus on...