India's Creditaccess Grameen falls on higher bad loans, slow loan growth forecast
ReutersMay 19, 2025 4:47 AM
Shares of microfinance-focused lender Creditaccess Grameen CRDE.NS down 5.6% at 1,135 rupees
Stock top loser in Nifty small-cap index .NIFSMCP100, which is up 0.7%
Co on Friday reported 88% slump in Q4 profit as asset quality deteriorated and disbursements fell due to tough lending laws in southern state of Karnataka
Co also said it expects lower loan growth in FY26
Full implementation of strict microfinance regulations and adverse impact of the recent state laws on loan recovery could keep stress elevated in H1FY26 - Emkay Global
CRDE up 28% YTD vs 5.8% fall in small-cap index
((Sethuraman.NR@thomsonreuters.com; +91 9945291420); Reuters Messaging: nallur.sethuraman.thomsonreuters.com@reuters.net ))
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