CreditAccess Grameen Ltd

CreditAccess Grameen has allotted 775 Equity Shares of Rs. 10/- each to 1 employee, who has exercised his Options under CAGL Employees Stock Option Plan - 2011.Powered by Capital Market - Live

The microfinance institution reported robust loan portfolio growth across most of its operational geographies, adding over 150,000 new borrowers in January and February. This brings its Gross Loan Portfolio (GLP) to Rs 25,395 crore in February 2025, up from Rs 24,810 crore in December 2024. However, the report also highlighted challenges in the Karnataka region, where asset quality has deteriorated. PAR 0+% (loans overdue by any amount) rose to 7.9% in February from 4.3% in December, and PAR 90+% (loans overdue by 90 days or more) increased to 2.1% from 1.2% over the same period. The company attributed the increase in delinquencies in Karnataka to the recent Karnataka Ordinance, which introduced new regulations on microfinance lenders. The Karnataka Micro Loan and Small Loan (Prevention of Coercive Action) ordinance 2025, effective 12 February 2025, created initial ambiguities and on-ground sensitivities that impacted collections. CreditAccess Grameen emphasized that the situation in Karnataka is stabilizing following clarifications and communication with borrowers and stakeholders. Despite the temporary increase in delinquencies, Karnataka's PAR 0+ remains lower than some other operating regions, and the company expects a gradual return to normal conditions within 1-2 months. CreditAccess Grameen is a leading Indian microfinance institution headquartered in Bengaluru, focused on providing micro-loans to women customers predominantly in rural areas across India. The company is now operating across 422 districts in 16 states (Andhra Pradesh, Bihar, Chhattisgarh, Goa, Gujarat, Jharkhand, Karnataka, Kerala, Madhya Pradesh, Maharashtra, Odisha, Rajasthan, Tamil Nadu, Telangana, Uttar Pradesh & West Bengal) and one union territory (Puducherry) through 2,059 branches. On a consolidated basis, CreditAccess Grameen reported net loss of Rs 99.52 crore in Q3 December 2024 as against net profit of Rs 353.34 crore in Q3 December 2023. Total income rose 6.7% year-on-year to Rs 1381.93 crore in Q3 December 2024. Powered by Capital Market - Live

Creditaccess Grameen (up 13.10%), Bajaj Finance (up 2.6%), Cholamandalam Investment & Finance (up 4.60%), and L&T Finance(up 5.25%), Bandhan Bank (up 1.44%) advanced. The RBI has reduced risk weights on bank loans to NBFCs from 125% to 100%, effective April 1. This decision reverses a tightening measure introduced in November 2023, which had increased capital requirements for banks lending to NBFCs. The reduction in risk weights will ease funding costs for NBFCs as banks can now allocate capital more efficiently. Powered by Capital Market - Live

CreditAccess Grameen has allotted 100 equity shares under ESOP on 05 February 2025. Powered by Capital Market - Live

CreditAccess Grameen announced that it has secured approval for a USD 50 million commitment from the International Finance Corporation (IFC). This transaction is a testament to CA Grameen's ongoing efforts to strengthen its asset liability management (ALM) position given flexible repayment structures and maintaining geographical diversification to hedge against market volatility. IFC's investment will help enhance access to finance for microentrepreneurs with a particular focus on women borrowers engaged in agriculture and agri-related activities. The funding will help CA Grameen reach 3-4 million additional women borrowers over the lifecycle of the project. Micro, small, and medium-sized enterprises (MSMEs) are crucial to India's economy but often face a financing gap. With an estimated $333 billion gap in MSME financing'95% of which is attributed to micro and small enterprises'this investment seeks to bridge these gaps by amplifying access to credit, empowering microentrepreneurs, and driving economic growth. Further, IFC will help CA Grameen diversify and strengthen its liability profile to include long tenor financing.Powered by Capital Market - Live

Net loss of CreditAccess Grameen reported to Rs 99.52 crore in the quarter ended December 2024 as against net profit of Rs 353.34 crore during the previous quarter ended December 2023. Sales rose 6.82% to Rs 1380.38 crore in the quarter ended December 2024 as against Rs 1292.20 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Sales1380.381292.20 7 OPM %26.0771.75 - PBDT-113.40488.63 PL PBT-128.93475.57 PL NP-99.52353.34 PL Powered by Capital Market - Live

CreditAccess Grameen will hold a meeting of the Board of Directors of the Company on 24 January 2025.Powered by Capital Market - Live

Railtel Corporation of India Ltd, Zensar Technologies Ltd, Sundaram Finance Ltd, Petronet LNG Ltd are among the other stocks to see a surge in volumes on NSE today, 02 January 2025.CreditAccess Grameen Ltd saw volume of 81.78 lakh shares by 14:14 IST on NSE, a 17.35 fold spurt over two-week average daily volume of 4.71 lakh shares. The stock increased 7.26% to Rs.955.55. Volumes stood at 1.15 lakh shares in the last session.Railtel Corporation of India Ltd saw volume of 165.57 lakh shares by 14:14 IST on NSE, a 13.12 fold spurt over two-week average daily volume of 12.62 lakh shares. The stock increased 4.78% to Rs.424.40. Volumes stood at 8.54 lakh shares in the last session.Zensar Technologies Ltd witnessed volume of 60.41 lakh shares by 14:14 IST on NSE, a 10.85 times surge over two-week average daily volume of 5.57 lakh shares. The stock increased 7.19% to Rs.801.05. Volumes stood at 2.29 lakh shares in the last session.Sundaram Finance Ltd clocked volume of 8.03 lakh shares by 14:14 IST on NSE, a 7.76 times surge over two-week average daily volume of 1.03 lakh shares. The stock gained 10.21% to Rs.4,504.95. Volumes stood at 35109 shares in the last session.Petronet LNG Ltd registered volume of 173.12 lakh shares by 14:14 IST on NSE, a 7.3 fold spurt over two-week average daily volume of 23.71 lakh shares. The stock slipped 5.64% to Rs.328.00. Volumes stood at 6.88 lakh shares in the last session.Powered by Capital Market - Live

Jain Irrigation Systems Ltd, Eicher Motors Ltd, Tilaknagar Industries Ltd and Sammaan Capital Ltd are among the other gainers in the BSE's 'A' group today, 02 January 2025.CreditAccess Grameen Ltd surged 7.71% to Rs 959.6 at 11:46 IST. The stock was the biggest gainer in the BSE's 'A' group. On the BSE, 1.49 lakh shares were traded on the counter so far as against the average daily volumes of 25320 shares in the past one month. Jain Irrigation Systems Ltd spiked 6.44% to Rs 74.03. The stock was the second biggest gainer in 'A' group. On the BSE, 2.49 lakh shares were traded on the counter so far as against the average daily volumes of 4.12 lakh shares in the past one month. Eicher Motors Ltd soared 6.32% to Rs 5194.05. The stock was the third biggest gainer in 'A' group. On the BSE, 16367 shares were traded on the counter so far as against the average daily volumes of 4848 shares in the past one month. Tilaknagar Industries Ltd added 5.66% to Rs 444.05. The stock was the fourth biggest gainer in 'A' group. On the BSE, 1.16 lakh shares were traded on the counter so far as against the average daily volumes of 68541 shares in the past one month. Sammaan Capital Ltd jumped 5.29% to Rs 161.2. The stock was the fifth biggest gainer in 'A' group. On the BSE, 6.06 lakh shares were traded on the counter so far as against the average daily volumes of 2.19 lakh shares in the past one month. Powered by Capital Market - Live

CreditAccess Grameen has allotted 4,451 equity shares under ESOP on 20 December 2024. Powered by Capital Market - Live