CreditAccess Grameen's asset quality stabilizes amid business momentum

CreditAccess Grameen (BSE:CREDITACC) announced an interim business update for March 2025, highlighting a stabilized asset quality and positive business momentum driven by healthy loan portfolio growth across various geographies, despite a slowdown in Karnataka. The lender's Gross Loan Portfolio (GLP) grew to INR 25,948 Cr. The PAR 0+% stood at 6.9%, and excluding Karnataka, the PAR 0+% was 6.1%. The company added over 2.5 lakh new borrowers during the fourth quarter of fiscal year 2025. Enhanced collection efforts included a strengthened employee base, which increased from 19,333 in December 2024 to 20,973 in March 2025. Additionally, the company reported healthy collections from PAR buckets, where approximately 40% of borrowers in PAR 1-60 and 10% of borrowers in PAR 60+ were making partial payments.