CreditAccess Grameen's loans up 0.4% QoQ Jun-end post INR 6.93 bln write-off
This story was originally published at 10:12 IST on 4 July 2025
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NEW DELHI – CreditAccess Grameen Ltd.'s loan book grew 0.4% sequentially to INR 260.55 billion as on Jun. 30, the microfinance company said in an exchange filing Thursday. The lender wrote off loans worth INR 6.93 billion in Apr-Jun, which dragged the sequential loan book growth down from 3.1% to 0.4%, according to the exchange filing.
"Apr-Jun of 2025-26 (Apr-Mar) sets a new benchmark, driven by highest first quarter disbursement and strong business momentum," its management said. The Karnataka-based microfinance institution added 200,000 new subscribers during Apr-Jun.
In Jan-Mar, the microlender's net profit plummeted to INR 472.10 million from INR 3.97 billion a year ago. At 1009 IST, shares of CreditAccess Grameen were at INR 1,329.40 on the National Stock Exchange, up 7.1% from the previous close. End
IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT
Reported by Priyasmita Dutta
Edited by Ashish Shirke
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