Am not sure of that… pls examine your facts. Many banks kotak, axis, etc do jlg it helps them meet psl targets. Pls check with MFin on theor website. Even for idfc befire the floods for 5 years they never had a problem. Atleast credit cost was low from what we can see.
mfi ofcourse has issues from time to time like what happened in AP in 2008 what happened to bandhan in east and what happened in chennai floods recently.
Fortunately this bank had only 6 pc of book in mfi unlike bandhan which had a large share of the book in mfi.
Hope this washes away in a couple of quarters
At capital first they were not doing this, maybe started after merging with idfc