CreditAccess Grameen has reported a 14% year-on-year growth in its Gross Loan Portfolio (GLP) for the financial year 2026, reaching ₹29,590 crore. This growth aligns with the company’s annual growth guidance, despite facing a 7.6% write-off due to the microfinance industry crisis.
The company achieved disbursements of ₹24,860 crore during FY26, marking a 24% increase compared to the previous year. Notably, the fourth quarter of FY26 saw one of the strongest quarterly disbursements at ₹8,313 crore, reflecting a 28% year-on-year growth.
CreditAccess Grameen added 9.8 lakh new borrowers in FY26, with 3.3 lakh additions in the fourth quarter alone. The branch network expanded modestly, with 183 new branches opened during the year, including 18 in the final quarter, bringing the total to 2,236 branches.
The company’s digital customer app, Mahi, onboarded 8.4 lakh customers during FY26, increasing the total user base to 11.2 lakh. Retail finance’s share of the portfolio rose to 18% by March 2026, up from 6% in March 2025, driven by the retention and graduation of high-vintage and well-performing borrowers.
Asset quality has normalised across all regions, with the overall X-Bucket Collection Efficiency (CE) reaching 99.84% by March 2026. The company’s employee base remained stable at 21,941 as of the end of March 2026.
The PAR (Portfolio at Risk) buckets showed significant improvement quarter-on-quarter, with PAR 0+ reducing from 4.4% in December 2025 to 3.0% in March 2026. This improvement was attributed to lower new PAR accretion, bringing PAR 1-90 back to pre-crisis levels.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).