Bengaluru, January 7, 2026: CreditAccess Grameen Limited (NSE: CREDITACC, BSE: 541770) reported a steady recovery in business momentum during December 2025, supported by broad-based improvement in asset quality and a pickup in disbursement activity across key geographies.
The microfinance lender indicated that asset quality continued to normalise across states, with collection efficiency in the X-bucket reaching 99.71 percent in December. Karnataka emerged as one of the strongest-performing regions, marking a return to earlier portfolio performance trends.
Disbursements Rise, Borrower Additions Sustain
Disbursements rose sharply during the quarter, reflecting a renewed growth focus after months of balance-sheet stabilisation. December disbursements were up 26 percent on a month-on-month basis, while quarterly disbursements increased sequentially.Key Operating Metrics
| Particulars | Sep-25 | Dec-25 |
|---|---|---|
| Gross Loan Portfolio (INR crore) | 25,904 | 26,566 |
| Karnataka GLP (INR crore) | 7,900 | 7,989 |
| Other States GLP (INR crore) | 18,004 | 18,577 |
| Particulars | Q2 FY26 | Q3 FY26 |
|---|---|---|
| Disbursements (INR crore) | 5,331 | 5,805 |
| Borrower Additions (lakh) | 2.2 | 2.1 |
| Branch Network | 2,209 | 2,222 |
Portfolio Stress Indicators Improve Across States
The company witnessed a sharp pullback in new delinquency formation from November onwards, translating into improved portfolio indicators across operating regions.PAR 0-30 levels declined materially, driven by lower fresh slippages, even as higher ageing buckets reflected continued forward flow from earlier stress.
PAR Trend Snapshot
| PAR Buckets | Sep-25 | Dec-25 |
|---|---|---|
| PAR 0+ (%) | 4.7 | 4.4 |
| PAR 30+ (%) | 3.7 | 3.8 |
| PAR 60+ (%) | 3.1 | 3.4 |
| PAR 90+ (%) | 2.5 | 2.9 |
Geographic Performance Highlights
Monthly PAR accretion trends improved across Tamil Nadu, Maharashtra, Karnataka, Madhya Pradesh, Bihar and other states, with December levels among the lowest recorded in the current financial year. The improvement reflects tighter underwriting, stronger collection traction and better borrower behaviour following earlier disruptions.About the Company
CreditAccess Grameen Limited is a listed microfinance institution focused on providing income-generating loans to women entrepreneurs across rural and semi-urban India. The company operates a large branch-led model with a presence across multiple states and is listed on both the NSE and BSE.Source:
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