Mumbai 6th May 2021:
CreditAccess Grameen Limited (NSE: CREDITACC, BSE: 541770, ‘CAGL’), country’s leading microfinance institution, today announced its audited financial performance for the fourth quarter and financial year ending March 31,2021.
Consolidated Business Highlights:
• GLP grew by 13% YoY (from INR 11,996 crore) and 10% QoQ (from INR 12,321 crore) to INR 13,587 crore.
• Disbursements grew by 42% YoY (from INR 3,331 crore) and 3% QoQ (from INR 4,590 crore) to INR 4,726 crore. New Disbursals forms 69% of GLP and have been displaying stable asset quality.
• Active borrowers declined by 3.5% YoY from 40.55 lakh to 39.12 lakh.
• March-21 Collection Efficiency improved to 94% (excl. arrears) / 97% (incl. arrears) for CAGL and 90%
(excl. arrears) / 91% (incl. arrears) for MMFL.