CreditAccess Grameen Vision 2025 - To Become More Agile, Predictable, Sustainable: ICICI Securities
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.
ICICI Securities Report
CreditAccess Grameen Ltd.’s journey from being a project under T Muniswamappa Trust in 1999, an non-governmental organisation in South Bangalore, to becoming the largest non banking financial company-micro finance institution in India as on September 2021 with consolidated assets under management of Rs 133 billion and borrower base of 3.75 million is testimony of its resilient business model.
It has been successfully navigating many challenging events like AP crisis, demonetisation and two Covid-19 waves.
All these years, CreditAccess Grameen has stuck to the basic fundamentals of the business like building strong / personalised relationships with customers, allocating sufficient training hours to the newly appointed staff before going on fields and incorporating an incentive structure aligned with the company’s DNA of intolerance toward any process lapses to chase growth and keeping customer interest and demand ahead of company’s personal interest.
Click on the attachment to read the full report:
This 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.