If you want to bet on unbanked and rural story, Bandhan and Ujjivan are much safer stocks. Even these are not risk free.
I can imagine that NPA situation will get quiet bad with many business suffering no revenue for the April quarter and due to the movement of migrant labour, it will be at least another quarter before things can normalise all of which depending on when the lockdown can be lifted. There is no comparative here where people suffered So long with almost zero revenue. Literally survival is the only thing in people’s mind. So repaying instalments on loan would be among the last things in their mind until things get back to normal. I think NPA will be much worse than 10% as demonetization had such levels and this time it’s worse. And even if satin survives, history does not support your 5 bagger Theory as for the last 6 years this stock was a -4 bagger with much stronger economy.