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Creditaccess Grameen Q2 FY25 results (Jul–Sep 2024) and concall

Financial Services · Concall AI · Call held 25 Oct 2024

Company page: Creditaccess Grameen share price, financials & guidance record

Source transcript

CreditAccess Grameen reported a challenging second quarter characterized by rising delinquencies across the microfinance sector. While NII and NIMs remained resilient, asset quality stress necessitated higher provisioning and a significant downward revision of full-year guidance. Management views this credit cycle as transient, driven by over-leverage and weather-related disruptions, and expects stabilization to begin in Q3 FY25.

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Inve summary of a publicly available earnings call transcript; see how call summaries are prepared. Not investment advice.