CreditAccess Sees Loan Book Growth

CREDITACCESS GRAMEEN, THE country's largest microfinance lender, reported healthy loan book growth and improved asset quality, driven by better collections across states except Karnataka.

- FE BUREAU

In a business update for February, the Bengaluru-based microlender said its portfolio at risk (PAR) for loans overdue by 15 days or more, excluding Karnataka, improved from 1.06% in December 2024 to 0.55% in February. However, including Karnataka, the PAR 15 ratio rose from 0.95% to 1.02%, with Karnataka alone seeing a sharp increase from 0.72% to 2.02% over the same period.