Newtap Finance secures an ‘A’ rating from Crisil amidst expansion, marking a strategic milestone that could lower borrowing costs and attract more investors in India’s dynamic non-banking financial sector.
Newtap Finance has been upgraded to an “A” rating by Crisil for its borrowing programmes, including bank loans and non-convertible debentures, a move that should help the technology-led non-banking financial company raise money more easily and at a lower cost. According to The Hindu BusinessLine, the ratings agency pointed to the lender’s expanding scale, measured underwriting and steady portfolio performance in reaching its decision.
Founded in September 2022, Newtap lends digitally to salaried and self-employed borrowers across 23 states and four union territories. The company operates as an independent, regulated NBFC under the Reserve Bank of India’s Digital Lending Guidelines and works with CRED, which holds a 25.2 per cent strategic stake, giving it a platform-led distribution model uncommon among newer lenders.
As of 31 March 2026, Newtap’s managed loan book had reached ₹4,582 crore, while on-book assets under management stood at ₹859 crore. The company also reported net worth of ₹225 crore and a capital adequacy ratio of 24.4 per cent, both of which suggest it has room to support its next phase of expansion. Crisil’s upgrade comes as the agency has also been lifting ratings across parts of the financial sector, including Sammaan Capital and Shriram Finance, reflecting stronger capital buffers, improved credit profiles and, in some cases, strategic backing from larger investors.
For Newtap, the higher rating is important not just as a marker of financial discipline but as a practical step towards broadening its funding base. In a market where several lenders have recently secured upgrades on the back of better asset quality, profitability and governance, Crisil’s decision places Newtap alongside a wider group of lenders whose growth strategies are beginning to win stronger credit recognition.
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