CreditAccess Grameen reports strong Q2 results with rising costs
after close1 source ↓written by the desknot a recommendation
- in Q2
- ₹5,322 cr
- in Net Interest
- 4.2% increase
- Interest Income
- ₹976 cr
- the firm added
- 2.2 lakh new borrowers
CreditAccess Grameen reported disbursements up 32.9% to ₹5,322 cr in Q2, alongside a 4.2% increase in Net Interest Income to ₹976 cr. Despite rising credit costs, the firm added 2.2 lakh new borrowers, enhancing its retail finance portfolio. This performance may impact market sentiment positively amid challenges.
Not investment advice. For informational purposes only.