India's CreditAccess Grameen rises on improving asset quality

CreditAccess Grameen

08/04/2025 10:51

** India's CreditAccess Grameen CRDE.NS shares up 4.2%, among top gainers in Nifty small-cap index .NIFSMCP100, which is up 2%
** Co says asset quality stabilising and collection efficiency largely normalised in qtr ending March 2025, sequentially
** Says it added over 250,000 borrowers in March qtr
** Microfinance lender had posted its first ever qtrly loss in Dec. qtr on higher provisions for bad loans
** Stock rated 'buy' on avg by 17 analysts; median PT at 1,086 rupees - LSEG data
** CRDE up ~ 13% YTD

 (Reporting by Sethuraman NR in Bengaluru)

 ((Sethuraman.NR@thomsonreuters.com; (+91 9945291420); Reuters Messaging: nallur.sethuraman.thomsonreuters.com@reuters.net ))