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KRChoksey Research Report
CreditAccess Grameen Ltd.'s gross loan portfolio grew by 23.3% YoY as on June 2022 at Rs 1,56,150 million (down 5.9% QoQ) as against Rs 1,65,990 million as on March 2022.
It has an active borrower base of 36.9 lakhs. Disbursements grew by Rs 21,460 million (up 101.5% YoY) and the branch network stood at 1,681 (18.0% YoY) with the net addition of 46 branches.
CreditAccess Grameen's net interest income for Q1 FY23 grew by 36.8% YoY to Rs 4,625 million (up 0.3% QoQ). Other operating income stood at Rs 182 million (down 39.4% YoY / down 81.0% QoQ).
The operating profit stood at Rs 4,807 million (up 30.6% YoY, down 13.7% QoQ). The cost to income ratio for Q1 FY23 was improved at 39.7% (down 150 bps YoY / up 590 bps QoQ) as against 41.2% in Q1 FY22.
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