CreditAccess Grameen’s collection efficiency has improved to 94 per cent in the March 2021 quarter from 91 per cent at December-end 2020. The year-on-year (YoY) and quarter-on-quarter (QoQ) consolidated loan disbursement rose by 42 per cent and 3 per cent, respectively, to Rs 4,726 crore in the March 2021 quarter. The number of women customers fully paying their loan installments, rose to 92.4 per cent in the last quarter of FY2020-21 for the company, as compared to 88.1 per cent in December 2020.
It added 2.88 lakh new borrowers on a consolidated basis during the fourth quarter. The company's consolidated gross loan portfolio too has increased y-o-y by 16 per cent and q-o-q by 13 per cent to Rs 13,878 crore.
CreditAccess Grameen is a leading Indian micro-finance institution headquartered in Bangalore, focused on providing micro-loans to women customers predominantly in Rural Areas in India.
| Company Name | CMP |
|---|---|
| Bajaj Finance | 908.70 |
| Shriram Finance | 1036.50 |
| Aditya Birla Capital | 340.20 |
| Chola Invest & Fin. | 1579.65 |
| Tata Capital | 337.60 |
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