CreditAccess Grameen reports asset quality normalization across geographies, with X-Bucket CE at 99.71% in December 2025. Karnataka is a top-performing state. The company also saw a 26% month-over-month increase in disbursements in December 2025. The company opened 165 new branches in the first three financial quarters and added approximately 6.5 lakh new borrowers.
Asset Quality and Regional Performance
CreditAccess Grameen has demonstrated asset quality normalization throughout its operational areas. The company’s X-Bucket CE reached 99.71% in December 2025. Karnataka is noted as one of the company’s best-performing states, signaling a return to previously observed asset quality trends.
Growth and Expansion
The company experienced a regained growth focus, highlighted by a 26% increase in disbursements in December 2025, compared to the previous month. CreditAccess Grameen expanded its branch network by opening 165 new branches in the first three financial quarters of fiscal year 2026. This includes the opening of 15 branches in Q3 FY26 (Oct-Dec). New borrower additions totaled approximately 6.5 lakh during the same nine-month period, with 2.1 lakh new borrowers added in Q3 FY26.
PAR Trend & Reduction
CreditAccess Grameen successfully reduced its PAR (Portfolio at Risk) 0-30 by 60-100 bps, driven by lower new PAR accretion. PAR trend improvement across operating geographies is noticed.
Portfolio at Risk (PAR)
The following table presents PAR details:
| 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% |
The following table presents the PAR Trend details for top 5 states:
| PAR Trend Top 5 States | Sep-25 PAR 0+ | Sep-25 PAR 90+ | Dec-25 PAR 0+ | Dec-25 PAR 90+ |
|---|---|---|---|---|
| Karnataka | 6.8% | 3.9% | 5.6% | 4.0% |
| Maharashtra | 3.0% | 1.3% | 3.3% | 2.1% |
| Tamil Nadu | 4.2% | 2.4% | 4.0% | 2.8% |
| Madhya Pradesh | 3.9% | 1.6% | 4.5% | 2.7% |
| Bihar | 6.8% | 3.6% | 6.6% | 4.2% |
| Others | 3.5% | 1.8% | 3.4% | 2.2% |
| Total | 4.7% | 2.5% | 4.4% | 2.9% |
Source: BSE
