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MADURA MICRO FINANCE
CreditAccess Grameen reports 184% rise in profit at Rs 160 croreTotal income for India's largest NBFC-MFI rose 13.6% at Rs 825 crore against Rs 726 crore on healthy business growth. Its consolidated gros...- CreditAccess Grameen disbursements up 25% to Rs 2,257 cr in MarchCreditAccess Grameen's total disbursements in March 2022 rose 25 per cent to Rs 2,257 crore. The company's disbursements were of Rs 1,806 c...
- CreditAccess Grameen invests Rs 150 crore in MaduraIndia's largest NBFC-MFI has invested the fund in the form of subordinate debt on Tuesday, the company said in a regulatory disclosure to s...
- CreditAccess, Suryoday post double-digit loan growth in DecemberIt disbursed Rs 1,485 crore in the months of December, higher than Rs 1,237 crore loan given in the preceding month.
- Stocks in the news: Metro Brands, ITC, Axis Bank, IOC, India Cements and MOILMetro Brands raised Rs 1,367.51 crore via IPO between December 10-14 and sold its shares in the range of Rs 485-500 apiece.
- CreditAccess Grameen to infuse Rs 250 crore in subsidiary Madura Micro Finance"This is a precautionary measure. We want to ensure that Madura has adequate growth capital till it is merged with us," CreditAccess Gramee...
- CreditAccess Grameen's consolidated gross loan outstanding rises 18% to Rs 14,071 crCreditAccess Grameen said that its group gross loan portfolio grew by 18 per cent year-on-year to Rs 14,071 crore at the end of November wh...
- CreditAccess Grameen Q2 results: Consolidated net profit slips 25% to Rs 60 crThe lender said the higher provision was needed as it aligned its wholly-owned Madura Micro Finance's (MMFL) provisioning policy with that ...
- CreditAccess Grameen gets into expansion mode“Time has come to take a position for the future,” managing director Udaya Kumar Hebbar told ET in an interview. “How long can we hold back...
- Want to play BFSI? Many analysts say their best bets are MFI stocksWhile the MFI sector has expanded at a trailblazing 26 per cent CAGR over the past decade, penetration levels remain below 40 per cent on a...
- Why is this MNC-backed midcap getting big premium over its peersThe market share of the NBFC is set to rise after it acquired Madura Microfinance (MMFL) in March 2020. Analysts pegged CreditAccess’ marke...
- CreditAccess Grameen Q1 net profit down 22% to Rs 75 crThe lender had registered a net profit of Rs 96 crore in the corresponding quarter of the previous fiscal year.
- CreditAccess Grameen-Madura Micro Finance merger to be completed by FY21MD & CEO Udaya Kumar says their microloans have grown at about 48-49% in the last four-five years on a CAGR basis, though going forward, th...
- Asset quality, growth and wider footprint fire up CreditAccessThe stock has gained 11 per cent in one month and 28 per cent in three months to January 28.
- MFIs with Rs 3000 crore loans on Federal Bank radar for acquisitionMicrofinance business has gained stability, setting aside the funding woes with banks backing micro lenders.
- Microfinance: Time to move towards financial inclusionSmall may be beautiful, but it is also limiting. Truly effective markets will enable micro enterprises to thrive and set them on the path t...
- Madura Micro Finance aims to turn SHG women into corporate ladiesMadura Micro Finance to scale operations via new initiatives motivating more women to join the stream through a feature film based on the t...
- SKS Micro-finance raises Rs 366 croreSources close to the development said the list of investors include Kismat Capital, SBD India Capital, and Standstone Partners.
- Sangli Bank deal to cost ICICI Rs 300 crWith this take over, ICICI prevents the bid war by moving in before possible moratorium by the RBI.
- ICICI eyes Sangli BankBoards of both the banks are meeting on Saturday to consider the proposal.
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