Mumbai, Oct. 7 -- Total disbursements rose 4.6% quarter-on-quarter (QoQ) from Rs 3,370 crore in Q1 FY27. Non-Joint Liability Group (JLG) disbursements grew 94.2% YoY to Rs 2,602 crore, while JLG disbursements declined 1.3% to Rs 923 crore.

A JLG is a small group of borrowers who take loans individually but provide a form of mutual guarantee for each other. It is commonly used in microfinance.

The gross loan portfolio stood at Rs 20,063 crore as of 30 September 2026, up 7.5% from Rs 18,655 crore a year earlier and 2.3% from Rs 19,610 crore in Q1 FY27. The JLG loan portfolio declined 32.4% YoY to Rs 5,146 crore, while the non-JLG portfolio increased 35.1% to Rs 14,917 crore.

The portfolio mix shifted towards non-JLG lending, with the JLG...