Creditaccess Grameen stock ends flat after August business update

The total loan book grew 18.8% year-on-year to Rs11,155cr in August.

Sep 06, 2021 04:09 IST India Infoline News Service

CreditAccess Grameen
Shares of CreditAccess Grameen Ltd ended in the red on Monday. The company reported a 200% yoy jump in disbursements to Rs1,188cr in August, returning to pre-pandemic levels. Disbursements in August grew 7.3% sequentially from Rs1,107cr in July.

The total loan book grew 18.8% year-on-year to Rs11,155cr in August.

Asset quality improved with a drop in standalone Portfolio at Risk – 30 days to 11% in August from 12.9% in July.

The stock ended at Rs677.50 down by Rs2.05 or 0.3% from its previous closing of Rs679.55 on the BSE. The scrip opened at Rs695.30 and has touched a high and low of Rs695.30 and Rs676.95 respectively.

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