credit access grameen reported its highest ever first-quarter disbursements in Q1FY27, driven by strong business momentum and an expanded branch network. The microfinance lender achieved gross loan portfolio (GLP) growth of 16.4% year-on-year to ₹30,319 crore, while disbursements increased 11.9% to ₹6,107 crore. The company added 25 lakh borrowers during the quarter, expanding its total branch network by 7.7% to 2,276 branches as of June 2026.

Q1 FY27 Performance

The operational performance for the quarter ended June 2026 shows consistent growth across key metrics. The GLP rose from ₹26,055 crore in June 2025 to ₹30,319 crore in June 2026. The share of rural finance (RF) in the portfolio increased to 21% in June 2026, up from 7% in the same period last year.

Asset Quality Improves

Asset quality metrics improved significantly in June 2026 compared to March 2026. The PAR 0+ ratio declined to 2.2% from 3.0%, while PAR 90+ improved to 1.5% from 2.3%. This improvement was consistent across top states including Karnataka, Maharashtra, and Tamil Nadu.

The monthly PAR 15+ accretion trended lower, reaching 0.16% in June 2026, down from 0.46% in June 2025. The collection efficiency for June 2026 stood at 99.68%.

CreditAccess Grameen Limited has successfully raised ₹425 crore in June 2026 through the private placement of non-convertible debentures (NCDs). The issuance comprised two separate transactions: ₹325 crore of NCDs arranged by Nuvama Fixed Income Advisory and ₹100 crore of NCDs bilaterally placed with Bajaj Finance Limited. The instruments are senior, secured, rated, listed, and redeemable in nature, aimed at diversifying the company's funding franchise.

NCD Issuance Structure

The ₹325 crore tranche was subscribed by multiple investors, with the issue launching at a base size of ₹200 crore and an additional ₹125 crore raised via the exercise of a green-shoe option. The NCDs carry a fixed coupon rate of 9.25% per annum, payable quarterly, and have a tenure of 2 years. The allotment for this tranche was approved by the Executive, Borrowings & Investment Committee of the Board of Directors on June 24, 2026.

The subscribers to the ₹325 crore tranche included Sundaram Finance Limited (₹100 crore), Nuvama Wealth Finance Limited (₹100 crore), Julius Bär Capital (India) Private Limited (₹75 crore), Royal Sundaram General Insurance Company Limited (₹25 crore), and Vivriti Fixed Income Fund (₹25 crore). The ₹100 crore tranche placed with Bajaj Finance Limited carries a floating rate coupon of 9.15% per annum, payable monthly, and also has a tenure of 2 years.

Key Details of the Allotment

The following table summarises the key terms of both NCD tranches:

Security and Compliance

The debentures are secured by way of a first ranking exclusive and continuing charge over certain identified book debts and receivables of the company. The value of the hypothecated assets will be maintained at least 1.10 times the outstanding principal amount along with accrued interest until full redemption. The debentures are proposed to be listed on the Wholesale Debt Market segment of BSE Limited. In the event of a payment default, the company has agreed to pay penal charges at 2% per annum over the prevailing interest rate on the outstanding principal amounts. The disclosure was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.