Healthy quarter with in-line earnings and stable NIM

Company
08 May 2024
5 Min read 
  • CreditAccess Grameen (CREDAG) delivered a healthy operational performance in 4QFY24.
  •  The company's NII and PPoP grew significantly YoY.
  •  The cost-income ratio (CIR) was broadly stable QoQ and YoY at ~30%.
  •  GNPA/NNPA deteriorated by ~20bp/6bp QoQ to ~1.2%/~0.35%.
  •  The company raised its guidance on credit costs to 2.2-2.4%.
  •  The management expects CoB in FY25 to remain stable.
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