Fusion Microfinance’s (Fusion) Q3FY23 / 9MFY23 financial performance was once again the best in industry (within NBFC MFI space) as reflected in it sustaining >4% RoA and >20% RoE in each of the 3 quarters of FY23-TD. This is an outcome of its diversified operations with no single state contributing >20% of AUM, the rural portfolio accounting for 93%, quality underwriting, proactive risk management and deep understanding of demographics in states where it operates.