New Delhi, March 6 -- Shares of CreditAccess Grameen surged 11 percent in intraday trading on March 6, following the company's robust loan growth across most geographies, as highlighted in its interim business update for February 2025. Despite headwinds in Karnataka, the microfinance institution (MFI) demonstrated resilience through stabilizing asset quality and improved collections in other states.
CreditAccess Grameen added over 1.5 lakh new borrowers in the first two months of 2025, bringing its Gross Loan Portfolio (GLP) to Rs.25,395 crore. While the Karnataka region saw slower growth, this was counterbalanced by strong loan portfolio expansion across other operating geographies.
Although the company faced a temporary rise in delinq...
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