CreditAccess Grameen Crosses a Major Milestone: INR 20,000 crore Assets under Management (AUM)

Pune, 15^th March 2023: CreditAccess Grameen Limited (NSE: CREDITACC, BSE: 541770, ‘CA Grameen’), the nation’s largest Non-Banking Financial Company-Micro Finance Institution (NBFC-MFI) crosses a main milestone of INR 20,000 crore AUM. The AUM of the Company as on December 31, 2022 was INR 17,786 crore.

CA Grameen has been demonstrating strong enterprise momentum since June 2022, after being on the forefront of adhering to RBI’s revised microfinance pointers throughout April – May 2022. CA Grameen has already added over 3.7 lakh new debtors throughout This autumn FY23 until date, considerably greater in comparison with 2.8 lakh and three.0 lakh new debtors added throughout Q2 FY23 and Q3 FY23 respectively. The Company has disbursed over INR 5,000 crore throughout This autumn FY23 up to now, as in opposition to INR 4,375 crore and INR 4,847 crore throughout Q2 FY23 and Q3 FY23 respectively. In This autumn FY23, CA Grameen opened 30 new branches and planning to open one other 34 branches resulting in a whole department community of 1,782 throughout 14 states and 1 union territory by March 31, 2023.

Commenting on the achievement, Mr. Udaya Kumar Hebbar, MD and CEO of CreditAccess Grameen, mentioned, “Achieving INR 20,000 crore AUM is a crucial milestone in our progress journey. On the again of our robust stability sheet, superior asset high quality, and expansive presence throughout India, we’re well-placed to drive the monetary inclusion agenda and additional cement our place as the popular monetary companion to tens of millions of underserved low-income households. We are assured of attaining our FY23 efficiency steering of 24-25% AUM progress, 4.0-4.2% ROA and 16.0-18.0% ROE. We are geared in the direction of sustaining constant portfolio progress within the coming years pushed by buyer progress and growth into contiguous districts. Our differentiated working mannequin, customised product choices, scalable know-how stack, buyer & employee-centric method, and diversified legal responsibility profile shall be guiding ideas for the longer term.”