CREDITACCESS GRAMEEN LIMITED — Updates, 25-10-2024: Press Release

CreditAccess Grameen Limited reported an 11.8% year-over-year increase in its gross loan portfolio, reaching INR 25,133 crore. For Q2 FY25, total income rose 16.5% to INR 1,453.9 crore, but profit after tax decreased by 46.4% to INR 186 crore. The company has appointed Gururaj Rao as COO and Nagananda Kumar as Head of Internal Audit, effective November 1, 2024. It anticipates loan portfolio growth of 8-12% for FY25.