CreditAccess Grameen reported a robust Q2 FY27, with AUM growing 19.5% YoY to Rs 30,946 crore. Despite localized flooding in several states, the company improved its asset quality, with PAR 90+ declining to 1.1% from 1.5% in June. With strong collection efficiency at 99.71%, the lender continues to expand its retail and secured loan books, balancing growth with disciplined risk management.
CreditAccess Grameen Q2 FY27: AUM at Rs 30,946 Cr
CreditAccess Grameen reported its Q2 FY27 performance, showing a 19.5% YoY AUM growth to Rs 30,946 crore and an improved PAR 90+ of 1.1%.
Reader Takeaway: Strong double-digit growth and improving asset quality contrast with minor collection headwinds from regional heavy rainfall.
What just happened
CreditAccess Grameen maintained steady growth in a seasonally lean second quarter. The firm reported total disbursements of Rs 6,355 crore, a 19.4% increase year-over-year. The company added 2.3 lakh new borrowers to its base, pushing its AUM past the Rs 30,000 crore mark. The retail finance segment grew to Rs 7,200 crore, and the secured loan portfolio expanded by 18% quarter-on-quarter.
Why this matters
The reduction in Portfolio at Risk (PAR) metrics signals strong underlying credit discipline. While management noted a slight uptick in monthly PAR accretion, the headline asset quality metric (PAR 90+) improved significantly compared to June 2026. This resilience is supported by a collection efficiency rate of 99.71% as of September 2026.
Risks to watch
Investors should monitor the recovery in flood-affected regions including Bihar, Uttar Pradesh, Chhattisgarh, and Madhya Pradesh. Excess rainfall in these areas during August and September hampered collections. The seasonal impact of festivals in specific operating geographies also created temporary noise in collection timelines.
Context metrics
- PAR 0+ stood at 2.1% as of September 2026, down from 2.2% in June.
- 2-wheeler AUM reached Rs 60 crore, a notable increase from Rs 20 crore in Q1 FY27.
- The company maintains its asset quality performance within the previously communicated guidance range for the first half of the fiscal year.
What to track next
The primary focus for upcoming quarters will be the normalization of collections in the flood-affected states and the continued scaling of the secured loan book.