India's Creditaccess Grameen falls on higher bad loans, slow loan growth forecast

CreditAccess Grameen

19/05/2025 05:47

** Shares of microfinance-focused lender Creditaccess Grameen CRDE.NS down 5.6% at 1,135 rupees

** Stock top loser in Nifty small-cap index .NIFSMCP100, which is up 0.7%

** Co on Friday reported 88% slump in Q4 profit as asset quality deteriorated and disbursements fell due to tough lending laws in southern state of Karnataka

** Co also said it expects lower loan growth in FY26

**  Full implementation of strict microfinance regulations and adverse impact of the recent state laws on loan recovery could keep stress elevated in H1FY26 - Emkay Global

**  CRDE up 28% YTD vs 5.8% fall in small-cap index

(Reporting by Sethuraman NR in Bengaluru)

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