The company has presence in 364 districts across 16 states and one union territory. Of the total 1,877 branches, nearly two-third are located in Tamil Nadu, Karnataka, Maharashtra, and Madhya Pradesh. However, the company’s presence in other regions has been rising. The share of other states in the total number of branches increased to 37.3% at the end of September 2023 from 33.4% a year ago.
ET Intelligence Group: The stock of the country’s largest listed microfinance lender CreditAccess Grameen has gained 17% since declaring the second quarter result on November 20 compared with the 4.4% gain in the ET NBFC index, following strong business traction. Given the increased customer acquisitions, stable asset quality, the company’s guidance of higher net interest margin (NIM), and a seasonally strong second half of the fiscal year for
BY
ET Bureau
4 mins read, Last Updated:
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