CreditAccess Grameen is in focus after their Q3 business update. The company has continued to write off aggressively around 47 percent jump quarter-on-quarter. Disbursements in December are also significantly higher at around Rs 1845 crore compared to the Rs 1500 crore in the previous month.
Recommended Articles
View All
World Cancer Day 2023: Early detection is crucial for reducing the global burden
Feb 4, 2023 IST5 Min(s) Read
World Cancer Day 2023: A way forward to better management of cancer this year!
Feb 4, 2023 IST6 Min(s) Read
Pakistan economy at alarming level as foreign reserves drop to $3.1 billion from $16.6 billion in a year
Feb 3, 2023 IST3 Min(s) Read
FM Nirmala Sitharaman speaks on inflation, taxes, GDP and more. Read the full interview here
Feb 3, 2023 IST37 Min(s) Read
On COVID impact Udaya Kumar Hebbar, Managing Director and CEO at CreditAccess Grameen said, “There is not too much of a COVID impact. Earlier also in COVID wave one and wave two we have seen a very little impact in the rural and business is as usual over there. In the microfinance segment, most of our customers, close to 70-80 percent are in the essential activity and their business is not stopped.”
Hebbar said they don’t see challenges in the microfinance book.
For full management commentary, watch the video.