CreditAccess Grameen - Business Resiliency, Agility Reflect In FY22 Performance: ICICI Securities

BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..ICICI Securities Report.CreditAccess Grameen Ltd.’s FY22 annual report provides detailed insights on how the company has ‘Stood the Test of Time and Trust’. Despite repetitive Covid-19 waves, it delivered more than 2% return on asset and more than 9% return on equity. Superior management execution also reflects in it completing the integration process of Madura Micro Finance Ltd. in September 2021 and by March 2022, ~65% of Madhura Micro Finance's assets under management was serviced as per CreditAccess Grameen’s operating model. Its 99% cashless disbursements, digital sourcing of 0.6 million new customers, turn around time less than 24 hours for loans below Rs 15,000 and more than 6,000 branch audits under new automated digital application are key highlights of its digital transformational journey during FY22..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

CreditAccess Grameen - Business Resiliency, Agility Reflect In FY22 Performance: ICICI Securities

CreditAccess Grameen - Business Resiliency, Agility Reflect In FY22 Performance: ICICI Securities

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