In contrast, banks saw their portfolio share decline from 32.7% in December 2024 to 26.6% in December 2025, it said. The report said that while banks posted 13.4% QoQ growth in originations value in Q3 FY26, their overall share in disbursements fell from 36.7% in Q3 FY25 to 26% in Q3 FY26. N