Date: October 05, 2026

Business Performance Highlights

Assets Under Management (AUM)

  • September 2025: ₹25,904 crore
  • June 2026: ₹30,319 crore
  • September 2026: ₹30,946 crore
  • Year-over-Year Growth: 19.5%

Rural Finance (RF) Share

  • September 2025: 11%
  • June 2026: 21%
  • September 2026: 23%

Q2 Performance Metrics

| Period | Disbursements (₹ Cr) | Borrower Additions (Lakh) |

| Q2 FY26 | 5,322 | 2.2 |

| Q1 FY27 | 6,107 | 2.5 |

| Q2 FY27 | 6,355 | 2.3 |

  • Disbursements YoY Growth: 19.4%
  • Borrower Additions YoY Growth: 6.6%

Branch Network Expansion

  • September 2025: 2,209 branches
  • June 2026: 2,276 branches
  • September 2026: 2,326 branches
  • Year-over-Year Growth: 5.3%

Asset Quality Metrics

PAR Buckets Comparison (Jun-26 vs Sep-26)

  • PAR 0+: 2.2% → 2.1%
  • PAR 30+: 1.9% → 1.6%
  • PAR 60+: 1.6% → 1.3%
  • PAR 90+: 1.5% → [Data not provided for Sep-26]

State-wise PAR Performance (Top 5 States)

| State | PAR 0+ (Jun-26) | PAR 90+ (Jun-26) | PAR 0+ (Sep-26) | PAR 90+ (Sep-26) |

| Karnataka | 2.4% | 1.6% | 1.9% | 1.1% |

| Maharashtra | 2.0% | 1.3% | 2.1% | 1.1% |

| Tamil Nadu | 2.2% | 1.4% | 2.1% | 1.2% |

| Madhya Pradesh | 2.9% | 1.9% | 3.1% | 1.6% |

| Bihar | 3.0% | 2.1% | 2.7% | 1.4% |

| Others | 1.7% | 1.1% | 1.7% | 0.8% |

| Total | 2.2% | 1.5% | 2.1% | 1.1% |

Key Q2 FY27 Operational Highlights

  • Balanced business momentum in a seasonally weaker Q2
  • 2.3 lakh new borrowers added during the quarter
  • RF AUM reached ₹7,200 crore (compared to ₹6,258 crore in Q1 FY27)
  • Secured Book grew 18% quarter-over-quarter to ₹695 crore
  • 2-Wheeler AUM showed strong traction, crossing ₹60 crore (vs. ₹20 crore in Q1 FY27)

Asset Quality Challenges

  • Minor increase in monthly PAR accretion rate due to:
  • Excess rainfall and heavy flooding in August-September 2026 across certain regions in Bihar, Uttar Pradesh, Chhattisgarh, and Madhya Pradesh
  • Seasonal festivities in a few operating geographies

Positive Performance Indicators

  • X-Bucket Collection Efficiency remained strong at 99.71% in September 2026
  • H1 FY27 asset quality performance remains within the guided range
  • Asset quality trend back to pre-crisis levels
  • Monthly PAR 15+ accretion rate broadly stable, within guided range
  • PAR buckets at lowest levels over the past 10 quarters