Microlender CreditAccess Grameen Ltd. on Monday said it will borrow $50 million from the International Finance Corp. under the external commercial borrowing route. The borrowing will help CreditAccess ...

CreditAccess Grameen’s net interest income rose 7.4% YoY in Q3 to Rs 861.7 crore, while assets under management grew 6% to Rs 24,810 crore as of December. The borrower base increased 2.4% to 48 lakh.

For the third quarter ending December 31, 2024, the microfinance lender reported a net loss of Rs 99.5 crore on Friday. Early risk recognition, cautious provisioning, and accelerated write-offs ...

On Friday, January 24, the non-banking financial company-micro finance institution (NBFC-MFI) reported a topline increase of 7.2 per cent year-on-year (YoY) for the December quarter of the current ...

Shares of CreditAccess Grameen Ltd. fell over 18% on Monday to hit a 34-month-low after it cut its guidance for the full financial year the second time. In addition, Nomura has cut the target price to ...

CreditAccess Grameen Ltd (CREDAG) shares plunged 18 per cent in Monday's trade, as microfinance institution (MFI) reported its first-ever quarterly losses since the third quarter of FY21 on ...

Shares of CreditAccess Grameen hit 34-month low of Rs 750.05, as they tanked 18 per cent on the BSE in Monday’s intra-day trade after the company reported a loss of Rs 99.5 crore in the December 2024 ...

Shares of microfinance lender CreditAccess Grameen cracked 18 percent in early trade on January 27, after slipping into the red for the October-December period (Q3) of the current financial year ...

Samadhan Services Limited, a concern of Grameen Telecom, has at last gained ground in its effort to become a payment service provider (PSP) in Bangladesh. Authorities of Samadhan Services had ...

CreditAccess Grameen has revised its return on assets as well to 2.3%-2.4% from 5.4%-5.5% to 3%-3.5% in October 2024. Its return on equity has been revised to 9.5%-10% from 23%-23.5% to 12%-14% in ...

CreditAccess Grameen Q3 Results: CreditAccess Grameen reported a Q3FY25 net loss of ₹100 crore, compared to a ₹353 crore profit last year, due to asset quality stress in the microfinance sector and ...

In the corresponding quarter of the previous fiscal, CreditAccess Grameen posted a net profit of ₹353.4 crore. Net interest income (NII) of the lender grew 6.4% year-on-year to ₹905.5 crore against ...