Business Update3 Jul 2025, 11:11 pm
CreditAccess Grameen Ltd. Reports Improved Business Momentum and Stabilizing Asset Quality in June 2025
AI Summary
CreditAccess Grameen Limited has released its Interim Business Update for June 2025. The company has reported an improved business momentum coupled with stabilizing asset quality. The total gross loan portfolio (GLP) stands at INR 25,948 Cr as of June 2025. The PAR 90+ for all states is 3.3%, a significant reduction from the previous period. The company has added 20,000 new borrowers in Q1 FY26 and has delivered a healthy QoQ growth of 3.1%. The PAR 15+ accretion rate has declined across all operating geographies, with Karnataka showing a decline of 148% and Tamil Nadu showing a decline of 34%.
Key Highlights
- Improved business momentum and stabilizing asset quality for CreditAccess Grameen Ltd.
- Total gross loan portfolio stands at INR 25,948 Cr as of June 2025.
- Significant reduction in PAR 90+ for all states to 3.3%.
- Added 20,000 new borrowers in Q1 FY26.
- Delivered a healthy QoQ growth of 3.1% while adhering to MFIN Guardrails.