Business Standard

CreditAccess Grameen Q2 net up 37 pc to Rs 101 cr

Image

Press Trust of India New Delhi
Microfinancier CreditAccess Grameen on Wednesday reported a rise of 37.3 per cent in net profit at Rs 100.9 crore for the second quarter of this fiscal.
The company's net profit stood at Rs 73.5 crore in the July-September period of the previous fiscal.
Net interest income rose by 26.3 per cent to Rs 251 crore in the reported quarter from Rs 198.8 crore in the same period a year ago, CreditAccess Grameen said in a release.
The gross loan portfolio of the company was up by 36.4 per cent to Rs 7,904.80 crore from Rs 5,794.30 crore.

Disclaimer: No Business Standard Journalist was involved in creation of this content

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Oct 30 2019 | 8:20 PM IST

Explore News