CreditAccess Grameen Q2 Review - Improved Collections Keep Up Steady Credit Costs: KRChoksey

BQ Blue’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 BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..KRChoksey Research Report.CreditAccess Grameen Ltd.'s total income for the quarter reported at Rs 3.9 billion. There was a sequential contraction in non-interest income by 29.6% at Rs 21.1 crore while net interest income was reported at Rs 3.7 billion (up 11.5% YoY / up 9.1% QoQ) on account of overall assets under management growth. Pre-provision profit reported at Rs 2.2 billion. Operating efficiency declined due to higher operating expenses, as cost to income reported at 43.9% as against 42.2% in Q2 FY21. CreditAccess Grameen's net profit reported at Rs 59.7 crore; return on equity for the quarter reported at 6.2% and return on asset reported at 1.6%. Gross non performing asset reported at 7.67% for Q2 FY22 as against 7.56% in Q1 FY22. .Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BloombergQuint 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 BloombergQuint..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

CreditAccess Grameen Q2 Review - Improved Collections Keep Up Steady Credit Costs: KRChoksey

CreditAccess Grameen Q2 Review - Improved Collections Keep Up Steady Credit Costs: KRChoksey

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