CreditAccess Grameen Ltd., a non-banking monetary company-micro finance establishment (NBFC-MFI) stated it has crossed the milestone of ₹20,000 crore Asset Under Management (AUM).
The AUM of the corporate as on December 31, 2022 was ₹17,786 crore.
The firm stated it has already added over 3.7 lakh new debtors throughout This fall FY23 until date, considerably increased in contrast with 2.8 lakh and three.0 lakh new debtors added throughout Q2 FY23 and Q3 FY23 respectively.
It stated it disbursed over ₹5,000 crore throughout This fall FY23 thus far, as towards ₹4,375 crore and ₹4,847 crore throughout Q2 FY23 and Q3 FY23 respectively.
In This fall FY23, it opened 30 new branches and planning to open one other 34 branches resulting in a complete department community of 1,782 throughout 14 states and 1 Union Territory by March 31, 2023.
Udaya Kumar Hebbar, MD and CEO of CreditAccess Grameen, stated, “Achieving ₹20,000 crore AUM is an important milestone in our growth journey. On the back of our strong balance sheet, superior asset quality, and expansive presence across India, we are well-placed to drive the financial inclusion agenda and further cement our position as the preferred financial partner to millions of underserved low-income households.”
“We are confident of achieving our FY23 performance guidance of 24-25% AUM growth, 4.0-4.2% ROA and 16.0-18.0% ROE. We are geared towards maintaining consistent portfolio growth in the coming years driven by customer growth and expansion into contiguous districts. Our differentiated operating model, customised product offerings, scalable technology stack, customer & employee-centric approach, and diversified liability profile will be guiding principles for the future.”
