Mumbai, March 6 -- The microfinance institution reported robust loan portfolio growth across most of its operational geographies, adding over 150,000 new borrowers in January and February. This brings its Gross Loan Portfolio (GLP) to Rs 25,395 crore in February 2025, up from Rs 24,810 crore in December 2024.

However, the report also highlighted challenges in the Karnataka region, where asset quality has deteriorated. PAR 0+% (loans overdue by any amount) rose to 7.9% in February from 4.3% in December, and PAR 90+% (loans overdue by 90 days or more) increased to 2.1% from 1.2% over the same period.

The company attributed the increase in delinquencies in Karnataka to the recent Karnataka Ordinance, which introduced new regulations on mic...