Important StoriesHDFC Bank probe finds two senior executives shared confidential information with outsidersG-sec yield hits over 3-year high of 7.44% as oil back to $110 a barrelAmbani’s Jio has record India IPO fully subscribed within hoursSBI reports suspected exposure of customer data on the dark webVodafone Idea to announce voice-only plans by October-endFollow UsFOLLOW US ON WHATSAPPHomeGO BACK TO HOME THIS AD SUPPORTS OUR JOURNALISM. SUBSCRIBE FOR MINIMAL ADS. THIS AD SUPPORTS OUR JOURNALISM. SUBSCRIBE FOR MINIMAL ADS. Fibe’s NBFC arm EarlySalary gets ‘A’ ratings for loans and NCDs The rating actions cover the lender’s debt instruments and bank facilities, citing stronger capitalisation, diversified funding and improved collections. By PTI Updated - October 21, 2026 at 03:01 PM. | New Delhi ×ShareWhatsAppXFacebookLinkedInMessengerRedditMailhttps://www.thehindubusinessline.com/money-and-banking/fibes-nbfc-arm-earlysalary-gets-a-ratings-for-loans-and-ncds/article71606892.eceCopy EarlySalary Services, the NBFC arm of fintech firm Fibe, has received rating upgrades from Crisil and India Ratings and Research.

EarlySalary Services Pvt Ltd, the non-banking financial company (NBFC) arm of fintech firm Fibe, has received rating upgrade from Crisil and India Ratings and Research.

India Ratings has upgraded the rating on the company’s non-convertible debentures (NCDs) to ‘IND A’/Stable from ‘IND A-Positive’, the company said in a statement.

Crisil Ratings has assigned a ‘CRISIL A/Stable’ rating to EarlySalary’s long-term bank loan facilities of Rs 700 crore and NCDs of Rs 800 crore.

The rating actions reflected progress in building a financially resilient lending business, supported by strong capitalisation, diversified funding, disciplined underwriting and improved collections, Fibe chairperson and Executive Director Ashish Goyal said.

EarlySalary Services is a wholly owned subsidiary of Social Worth Technologies Ltd (SWTL), the parent company of Fibe.

The rating actions reflect improvements in the group’s business scale, profitability, asset quality and capitalisation metrics, it added.

Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.

We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.

Terms & conditions | Institutional Subscriber