CreditAccess Grameen Limited has concluded FY26 on a robust note, reporting a 14% year-on-year increase in Gross Loan Portfolio (GLP) to INR 29,590 crore. The company successfully added 9.8 lakh new borrowers during the fiscal year, with significant digital adoption through its Mahi app. Despite industry challenges, the firm has normalized its asset quality, achieving an overall X-Bucket Collection Efficiency of 99.84% as of March 2026.
Strong Operational Performance
The company demonstrated strong momentum in the final quarter, reporting INR 8,313 crore in disbursements for Q4 FY26, representing a 28% year-on-year growth. Total annual disbursements reached INR 24,860 crore, up 24% compared to the previous year. This performance highlights the company’s operational resilience and its ability to scale effectively across its diverse geographic footprint.
Strategic Expansion and Digital Adoption
CreditAccess Grameen continued to expand its physical and digital infrastructure throughout FY26. The firm opened 183 new branches during the year, bringing the total network to 2,236 branches. Simultaneously, the Mahi digital customer app has seen widespread adoption, onboarding 8.4 lakh customers in the last year, which brings the total digital user base to 11.2 lakh. Furthermore, the retail finance segment has grown significantly, increasing its share to 18% as of March 2026, compared to just 6% in the prior year.
Asset Quality Normalization
A key highlight of the fiscal year is the complete normalization of asset quality. Monthly PAR 15+ accretion has trended lower consistently, reflecting improved portfolio health. The company also reported a meaningful improvement in PAR buckets across all operating geographies, with PAR 1-90 levels returning to pre-crisis benchmarks. This stabilization sets a positive tone for growth acceleration as the company enters FY27.
Source: BSE
