Creditaccess Grameen Ltd. · NSE:CREDITACC
Creditaccess Grameen — Q2 FY22 Earnings Presentation
57 slides from Creditaccess Grameen's earnings presentation, Nov 9, 2021
Slide 1: Investor Presentation submission letter to exchanges
CreditAccess Grameen Limited Regd. & Corporate Office #49, 46th Cross, 8th Block, Jayanagar, Bengaluru-560070 Phone: 080-22637300 | Fax: 080-26643433 Email: info@cagrameen.in Website: www.creditaccessgrameen.in CIN: L51216KA1991PLC053425 November 09, 2021 To BSE Limited National Stock Exchange of In
Slide 2: Q2 & H1 FY22 Results Presentation
CreditAccess Grameen Limited Q2 & H1 FY22 Results Presentation November 2021 www.creditaccessgrameen.in
Slide 3: Disclaimer
Disclaimer By accessing this presentation, you agree to be bound by the following terms and conditions. This presentation (which may reflect some price sensitive information in terms of SEBI regulations and Companies Act, 2013, as amended from time to time) has been prepared by CreditAccess Grameen
Slide 4: Discussion Summary
Discussion Summary Key Business Updates Consolidated Overview CA Grameen: Financial Metrics MMFL: Financial Metrics Investment Rationale Annexure Note: The presentation includes certain provisional figures for October 2021 which are yet to be approved by the audit committee, statutory auditors and t
Slide 5: Key Consolidated Business Highlights – Q2 FY22
Key Consolidated Business Highlights – Q2 FY22 Business Growth Momentum Maintained in Q2 FY22 Early Risk Recognition and Conservative Provisioning GLP grew by 19% YoY and 5% QoQ to INR 13,333 Cr CA Grameen: Continued focus on early risk recognition & provisioning • CA Grameen: INR 11,184 Cr (+21% Yo
Slide 6: Key Consolidated Business Highlights – October 2021
Key Consolidated Business Highlights – October 2021 CA Grameen MMFL INR 11,443 Cr INR 2,203 Cr GLP (+22.3% YoY) (+10.5% YoY) INR 1,144 Cr INR 227 Cr Disbursements (+18.2% YoY) (+42.1% YoY ) New Borrower Additions 51,583 3,998 94.3% excl. arrears 87% excl. arrears Collection Efficiency 98% incl. arre
Slide 7: Navigating the Impact of COVID 2.0 (CA Grameen) (1/2)
Navigating the Impact of COVID 2.0 (CA Grameen) (1/2) Consistent MoM improvement in collections Disbursements aligned with collections INR Cr 3,412 97% 99% 99% 99% 98% 93.3% 92.3% 94.3% 91% 92.5% 87% 87% 1,107 1,188 1,117 1,144 907 Q1 FY22 Jul-21 Aug-21 Sep-21 Q2 FY22 Oct-21 Q1 FY22 Jul-21 Aug-21 Se
Slide 8: Navigating the Impact of COVID 2.0 (CA Grameen) (2/2)
Navigating the Impact of COVID 2.0 (CA Grameen) (2/2) Consistent decline in PAR backed by improvement in collections during Jun-21 to Oct-21 PAR 0 PAR 30 PAR 60 PAR 90 30.6% 21.9% 15.9% 12.9% 11.5% 13.8% 11.0% 9.9% 8.1% 8.3% 8.5% 8.0% 7.8% 6.6% 6.5% 5.7% 6.3% 5.4% 5.5% 3.8% Jun-21 Jul-21 Aug-21 Sep-
Slide 9: Early Risk Recognition & Conservative Provisioning (CA Grameen)
Early Risk Recognition & Conservative Provisioning (CA Grameen) CA Grameen adopts conservative approach leading to early recognition of risk backed by accelerated provisioning coverage INR Cr CA Grameen Policy (IND-AS) NBFC Industry Norms (IND-AS) Asset Additional Asset EAD EAD% ECL% Classification
Slide 10: Update on Collections & Delinquencies at MMFL
Update on Collections & Delinquencies at MMFL MoM improvement in collection efficiency Disbursements aligned with collections INR Cr CE% (excl. arrears) CE% (incl. arrears) % GLP of Non-Paying Groups 90% 90% 477 87% 87% No Payment 4.4% 5.4% 86% 86% 86% 87% 83% 83% 15.2% 14.6% Partial 227 Payment 158
Slide 11: Building Adequate Provisioning at MMFL
Building Adequate Provisioning at MMFL Provisioning policy at MMFL has now been aligned with CA Grameen, recognizing GNPA at 60+ dpd Q2 FY22 Based on Revised ECL Policy Asset Classification (dpd) EAD (INR Cr) EAD% ECL% Stage 1 0-15, 0-30 1,808.9 87.0% 2.0% Stage 2 16-60, 31-60 59.5 2.9% 36.3% Stage
Slide 12: FY22 Business Guidance: Key Indicators
FY22 Business Guidance: Key Indicators Key Indicators – Consolidated FY22 GLP – Growth % 17% - 19% Credit Cost (Provisions + Write-offs) - % of 4.7% - 4.9% Avg. On-Book Loan Portfolio Return on Assets % 1.8% - 2.0% NOTE: The above key guidance indicators do not factor the possibility of any severe b
Slide 13: Discussion Summary
Discussion Summary Key Business Updates Consolidated Results Overview CA Grameen: Financial Metrics MMFL: Financial Metrics Investment Rationale Annexure www.creditaccessgrameen.in 12
Slide 14: Q2 FY22: Consolidated Performance Highlights
Q2 FY22: Consolidated Performance Highlights NIM Cost/Income Ratio 11.2%/ 11.9%1/ 12.4%2 43.9% PPOP GLP: INR 13,333 Cr INR 218.7 Cr (+19.2% YoY) Weighted Avg. COB Opex/GLP Ratio (11.1% YoY) 9.5% 5.3% ROA Capital Adequacy Ratio Total Equity 1.6% 26.1% INR 3,870.5 Cr PAT: INR 59.7 Cr (-25.0% YoY) ROE
Slide 15: Q2 & H1 FY22: Consolidated P&L Statement
Q2 & H1 FY22: Consolidated P&L Statement Profit & Loss Statement (INR Cr) Q2 FY22 Q2 FY21 YoY% Q1 FY22 QoQ% H1 FY22 H1 FY21 YoY% FY21 Interest income 597.4 567.4 5.3% 587.3 1.7% 1,184.8 1,164.8 1.7% 2,290.0 - Interest on Loans 1 588.1 556.5 5.7% 575.6 2.2% 1,163.7 1,146.1 1.5% 2,251.5 - Income from
Slide 16: Q2 & H1 FY22: Consolidated Balance Sheet
Q2 & H1 FY22: Consolidated Balance Sheet Balance Sheet (INR Cr) Q2 FY22 Q2 FY21 YoY% Q1 FY22 QoQ% H1 FY22 H1 FY21 FY21 Cash & Other Bank Balances 1,515.9 1,855.4 -18.3% 2,221.9 -31.7% 1,515.9 1,855.4 2,484.4 Investment in Mutual Funds 107.0 - 107.0 Loans - Balance sheet assets (Net of Impairment Los
Slide 17: Q2 & H1 FY22: Understanding the Credit Cost Impact
Q2 & H1 FY22: Understanding the Credit Cost Impact CA Grameen (INR Cr) Q2 FY22 H1 FY22 MMFL (INR Cr) Q2 FY22 H1 FY22 Opening ECL - (A) 618.5 515.8 Opening ECL - (A) 113.3 106.9 Additions (B) Additions (B) - Provisions as per ECL 58.7 202.3 - Provisions as per ECL 48.8 72.2 Reversals (on account of w
Slide 18: Q2 FY22: Continued Business Traction With Rural Focus
Q2 FY22: Continued Business Traction With Rural Focus Gross Loan Portfolio (GLP) (INR Cr) Borrowers (‘000) 19.2% -3.3% 13,587 13,333 12,664 3,881* 3,906* 3,912* 12,321 3,785* 3,751* 2,246 2,148 11,183 2,038 2,118 413 330 1,139 1,131 1,098 1,050 1,045 1,975 372 393 429 72 69 66 63 59 10,928 10,254 10
Slide 19: Q2 FY22: Consistent Growth In Infrastructure
Q2 FY22: Consistent Growth In Infrastructure Branches 121 new branches opened primarily in newer states Additions in Q2 FY22 Bihar 15 1,545 Chhattisgarh 5 1,388 1,389 1,424 1,424 Gujarat 10 464 Jharkhand 10 459 460 460 460 71 Madhya Pradesh 10 71 71 71 71 Kerala 5 Maharashtra 5 858 858 893 893 1,010
Slide 20: Q2 FY22: Sustainable Operational Efficiency
Q2 FY22: Sustainable Operational Efficiency GLP / Branch (INR Cr) GLP / Loan Officer (INR Cr) 4.9 4.3 4.6 4.4 1.1 4.6 1.0 0.9 0.8 5.8 1.0 6.0 5.5 5.2 0.7 4.6 0.6 0.7 0.6 0.6 10.2 11.4 12.2 11.5 10.7 1.6 1.5 1.3 1.4 1.4 Q2 FY21 Q3 FY21 Q4 FY21 Q1 FY22 Q2 FY22 Q2 FY21 Q3 FY21 Q4 FY21 Q1 FY22 Q2 FY22 C
Slide 21: Q2 FY22: Product Range To Meet Diverse Customer Needs
Q2 FY22: Product Range To Meet Diverse Customer Needs GLP - Q2 FY21 Q3 FY21 Q4 FY21 Q1 FY22 Q2 FY22 Product Mix (INR Cr) % of Total (INR Cr) % of Total (INR Cr) % of Total (INR Cr) % of Total (INR Cr) % of Total IGL (Incl. MMFL) 10,072 90% 11,499 93% 12,838 94% 11,962 94% 12,613 95% Family Welfare 6
Slide 22: Q2 FY22: Well-Diversified Presence Across India
Q2 FY22: Well-Diversified Presence Across India Q2 FY22 Q2 FY22 Our Presence as on Sep-21 Branch Network Consolidated % Share 14 States / 1 UT Karnataka 298 19.3% 298 Districts Maharashtra 284 18.4% 1,545 Branches Tamil Nadu 381 24.7% Madhya Pradesh 130 8.4% Other States & UT 452 29.3% Uttar Pradesh
Slide 23: Q2 FY22: District Wise Exposure Trend
Q2 FY22: District Wise Exposure Trend Consolidated Q2 FY21 Q3 FY21 Q4 FY21 Q1 FY22 Q2 FY22 Exposure of Districts No. of % of Total No. of % of Total No. of % of Total No. of % of Total No. of % of Total (% of GLP) Districts Districts Districts Districts Districts Districts Districts Districts Distri
Slide 24: Discussion Summary
Discussion Summary Key Business Updates Consolidated Results Overview CA Grameen: Financial Metrics MMFL: Financial Metrics Investment Rationale Annexure www.creditaccessgrameen.in 23
Slide 25: Q2 FY22: CA Grameen Standalone Performance Highlights
Q2 FY22: CA Grameen Standalone Performance Highlights NIM Cost/Income Ratio 11.3%/ 12.1%1/ 12.5%2 42.5% PPOP GLP: INR 11,184 Cr INR 188.2 Cr (+21.5% YoY) Weighted Avg. COB Opex/GLP Ratio (+10.6% YoY) 9.3% 5.1% ROA Capital Adequacy Ratio Total Equity 2.2% 30.9% INR 3,730.4 Cr PAT: INR 72.0 Cr (-7.9%
Slide 26: Q2 & H1 FY22: CA Grameen Standalone P&L Statement
Q2 & H1 FY22: CA Grameen Standalone P&L Statement Profit & Loss Statement (INR Cr) Q2 FY22 Q2 FY21 YoY% Q1 FY22 QoQ% H1 FY22 H1 FY21 YoY% FY21 Interest income 492.0 464.5 5.9% 483.6 1.7% 975.6 953.6 2.3% 1,877.1 - Interest on Loans 1 485.2 459.3 5.7% 475.3 2.1% 960.5 947.0 1.4% 1,858.2 - Income from
Slide 27: Q2 & H1 FY22: CA Grameen Standalone Balance Sheet
Q2 & H1 FY22: CA Grameen Standalone Balance Sheet Balance Sheet (INR Cr) Q2 FY22 Q2 FY21 YoY% Q1 FY22 QoQ% H1 FY22 H1 FY21 FY21 Cash & Other Bank Balances 1,260.0 1,662.0 -24.2% 1,800.4 -30.0% 1,260.0 1,662.0 1,946.0 Investment in Mutual Funds 107.0 - - 107.0 Loans- Balance sheet assets (Net of Impa
Slide 28: Q2 FY22: Well-Diversified Liability Mix
Q2 FY22: Well-Diversified Liability Mix Liability Mix - Institution / Instrument Wise (%) Focus on dynamic liability management • Focus on long-term funding with a mix of domestic & foreign sources Bank - SD Bank - NCD NBFCs - TL 0.3% 9.2% • Target to meet funding requirement through foreign/longer
Slide 29: Q2 FY22: Stable Liquidity / ALM Position
Q2 FY22: Stable Liquidity / ALM Position Static Liquidity / ALM Position For the Month For the Financial Year Debt Drawdowns (INR Cr) Q2 FY22 FY22 Banks – TL 1,015.0 Particulars (INR Cr) Oct-21 Nov-21 Dec-21 FY23 (Jan-21 - Mar-22) FIs – TL 150.0 Opening Cash & Equivalents (A) 1,282.5 1,568.7 1,899.6
Slide 30: Q2 FY22: Stable Credit Ratings
Q2 FY22: Stable Credit Ratings Q2 FY21 Q2 FY22 Rating Instrument Rating Agency Rating/Grading Rating/Grading CRISIL A+ (Stable) A+ (Stable) Bank facilities ICRA A+ (Stable) A+ (Stable) Ind-Ra A+ (RWN) A+ (Stable) CRISIL A+ (Stable) A+ (Stable) ICRA A+ (Stable) A+ (Stable) Non-convertible debentures
Slide 31: Q2 FY22: Robust Quarterly Performance Trend (1/2)
Q2 FY22: Robust Quarterly Performance Trend (1/2) Gross Loan Portfolio (GLP) (INR Cr) Disbursements (INR Cr) 21.5% 4,032 4,143 11,341 10,625 11,184 10,203 3,412 9,207 1,420 907 Q2 FY21 Q3 FY21 Q4 FY21 Q1 FY22 Q2 FY22 Q2 FY21 Q3 FY21 Q4 FY21 Q1 FY22 Q2 FY22 Margin Analysis (%) Operating Efficiency (%
Slide 32: Q2 FY22: Robust Quarterly Performance Trend (2/2)
Q2 FY22: Robust Quarterly Performance Trend (2/2) Asset Quality (%) PAT (INR Cr) 8.12% 6.84% 7.18% 78 72 72 5.18% 5.00% 6.40% 30 1.64% 5.95% 5.51% 4.38% -72 Q2 FY21 Q3 FY21 Q4 FY21 Q1 FY22 Q2 FY22 Q2 FY21 Q3 FY21 Q4 FY21 Q1 FY22 Q2 FY22 GNPA Provisioning (ECL) Total Equity (INR Cr) & Debt/Equity Rat
Slide 33: Discussion Summary
Discussion Summary Key Business Updates Consolidated Results Overview CA Grameen: Financial Metrics MMFL: Financial Metrics Investment Rationale Annexure www.creditaccessgrameen.in 32
Slide 34: Q2 FY22: MMFL Performance Highlights
Q2 FY22: MMFL Performance Highlights NIM Cost/Income Ratio GLP 10.6%/ 11.4%1 51.8% PPOP INR 2,148 Cr INR 29.7 Cr (8.8% YoY) Weighted Avg. COB Opex/GLP Ratio (-0.7%) 10.6% 6.1% ROA Capital Adequacy Ratio Total Equity PAT -2.3% 20.4% INR 381.4 Cr INR -13.9 Cr (-471.8% YoY) ROE Tier 1 Ratio D/E Ratio -
Slide 35: Q2 & H1 FY22: MMFL P&L Statement
Q2 & H1 FY22: MMFL P&L Statement Profit & Loss Statement (INR Cr) Q2 FY22 Q2 FY21 YoY% Q1 FY22 QoQ% H1 FY22 H1 FY21 YoY% FY21 Interest income 105.4 102.9 2.5% 103.7 1.6% 209.2 211.0 -0.9% 412.6 - Interest on Loans 1 102.9 97.3 5.8% 100.3 2.7% 203.2 198.8 2.2% 393.0 - Income from Securitisation 0.2 4
Slide 36: Q2 & H1 FY22: MMFL Balance Sheet
Q2 & H1 FY22: MMFL Balance Sheet Balance Sheet (INR Cr) Q2 FY22 Q2 FY21 YoY% Q1 FY22 QoQ% H1 FY22 H1 FY21 FY21 Cash & Other Bank Balances 251.9 193.4 30.2% 421.7 -40.3% 251.9 193.4 538.4 Investment in Mutual Funds 0.0 50.4 - 0.0 - 0.0 50.4 0.0 Loans - Balance sheet assets (Net of Impairment Loss All
Slide 37: Q2 FY22: Quarterly Performance Trend (1/2)
Q2 FY22: Quarterly Performance Trend (1/2) Gross Loan Portfolio (GLP) (INR Cr) Disbursements (INR Cr) 8.8% 558 583 2,118 2,246 2,148 477 1,975 2,038 228 158 Q2 FY21 Q3 FY21 Q4 FY21 Q1 FY22 Q2 FY22 Q2 FY21 Q3 FY21 Q4 FY21 Q1 FY22 Q2 FY22 PAT (INR Cr) Total Equity (INR Cr) & Debt/Equity Ratio 4 5.3 4.
Slide 38: Q2 FY22: Quarterly Performance Trend (2/2)
Q2 FY22: Quarterly Performance Trend (2/2) Margin Analysis (%) Operating Efficiency (%) 20.8% 20.0% 6.0% 5.9% 6.1% 5.7% 6.1% 19.4% 18.4% 19.5% 11.2% 52.6% 50.4% 56.4% 51.8% 10.7% 10.7% 10.6% 10.6% 50.0% 10.9% 10.2% 10.6% 8.3% 8.9% Q2 FY21 Q3 FY21 Q4 FY21 Q1 FY22 Q2 FY22 Q2 FY21 Q3 FY21 Q4 FY21 Q1 FY
Slide 39: Q2 FY22: Diversified Liability, Stable Liquidity, Positive ALM
Q2 FY22: Diversified Liability, Stable Liquidity, Positive ALM Liability Mix – Static Liquidity / ALM Position For the month Q2 FY22 Institution / Instrument Wise Particulars (INR Cr) Oct-21 Nov-21 Dec-21 Opening Cash & Equivalents (A) 200.2 222.2 234.5 Banks – Term Loan 53.3% Loan recovery [Princip
Slide 40: Discussion Summary
Discussion Summary Key Business Updates Consolidated Results Overview CA Grameen: Financial Metrics MMFL: Financial Metrics Investment Rationale Annexure www.creditaccessgrameen.in 39
Slide 41: Business Model: Sustainable, Resilient and Socially Relevant
Business Model: Sustainable, Resilient and Socially Relevant External Environment Inputs Strategic priorities Outputs SDG Outcomes • Most trusted financial partner of low-income rural under-banked Financial households lacking access to formal credit Financial • Diversified lenders’ base • Socio-econ
Slide 42: Committed To Basics Through Classical JLG Lending Model
Committed To Basics Through Classical JLG Lending Model Microfinance loans are unsecured. JLG mechanism acts as security/ loan collateral JLG Benefits: ✓ Strong group bonding ✓ Mutual support – both financial & emotional ✓ Guidance & grievance resolution ✓ Building awareness – Jagruti initiative ✓ H
Slide 43: Focus On Customer Centricity, Loyalty & Retention
Focus On Customer Centricity, Loyalty & Retention “Lowest Cost Organised Financer” - One Stop Shop providing Support to Various Lifecycle Needs of the Customer Lowest lending rates among MFIs: 19.25% starting Loan Customer Centric Ticket Size Tenure from Q3 FY22 Purpose Type Products (INR) (months)
Slide 44: Calibrated Expansion Through Contiguous District-Based Approach
Calibrated Expansion Through Contiguous District-Based Approach Systematic geography selection based on availability of infrastructure, CA Grameen’s contiguous competition, historical performance trend, social/ economic/ political/ district-based expansion over climate risk, growth potential last 6
Slide 45: Unique Human Capital, Internal Audit & Risk Controls
Unique Human Capital, Internal Audit & Risk Controls Well-Established Operational Structure Multi-Pronged Approach For Risk Management Business Heads Sound Understanding of Rural Market Internal Audit (IA): • ~90% of employees are hired fresh from • IA frequency – 6 times in a year at branches, 4 ti
Slide 46: Continuous Technology Enhancements to Drive Operational Efficiency
Continuous Technology Enhancements to Drive Operational Efficiency Ensures Quick And Seamless Delivery of Need Based Financial Products and Services backed by Robust Technology Infrastructure High touch-high tech delivery model: Future Upgrades & Investments • Digitized all customer touchpoints • Up
Slide 47: Integrating Risk Management In Every Operating Process
Integrating Risk Management In Every Operating Process Microfinance is a Collection Business, hence Risk Management is Integral to Core Strategy and Operating Processes Contiguous Customer Employee Target Customer Customer Employee District-based Lending Model Engagement Incentive Segment Due-Dilige
Slide 48: Strong Parentage of CreditAccess India N.V.
Strong Parentage of CreditAccess India N.V. Committed to Micro Finance Business Strong Financial Support • Invested through multiple rounds of capital funding along with • CreditAccess India N.V. (CAI) specialises in Micro and Small secondary purchase during 2009 to 2017 Enterprises financing • Disp
Slide 49: Past Five Years Performance Track Record (1/3)
Past Five Years Performance Track Record (1/3) Gross Loan Portfolio (GLP) (INR Cr) Active Borrowers (‘000) CAGR 45.0% CAGR 28.2% 4,055 * 13,587 3,912 * 11,996 2,246 1,215 1,098 2,100 413 499 74 66 2,470 41 7,159 325 1,851 1,450 6 4,975 10,928 51 9,397 0 2,831 2,805 3,075 2,429 6,834 1 1,845 4,923 1,
Slide 50: Past Five Years Performance Track Record (2/3)
Past Five Years Performance Track Record (2/3) Branch Network Loan Officers Employees CAGR 38.0% CAGR 27.1% CAGR 30.6% 1,393 1,424 14,496 14,399 9,688 9,559 460 3,672 3,774 464 1,972 2,108 754 633 1,170 71 1,041 71 5,768 8,064 670 596 929 4,544 6,306 60 516 3,668 264 4,952 416 30 6 393 893 6,962 6,8
Slide 51: Past Five Years Performance Track Record (3/3)
Past Five Years Performance Track Record (3/3) Note: Refer Annexure for definition of key ratios Margin Analysis (%) Operating Efficiency (%) Asset Quality (%) 22.5% 20.4% 20.0% 5.4% 5.01% 19.4% 18.8% 5.1% 5.0% 4.9% 4.8% 2.78% 12.9% 12.7% 12.2% 41.5% 1.26% 1.14% 4.43% 11.5% 10.7% 39.2% 36.7% 38.1% 3
Slide 52: Discussion Summary
Discussion Summary Key Business Updates Consolidated Results Overview CA Grameen: Financial & Operational Metrics MMFL: Financial & Operational Metrics Investment Rationale Annexure www.creditaccessgrameen.in 51
Slide 53: Shareholding Structure
Shareholding Structure Shareholding Pattern – September 2021 Top 10 Institutional Investors – September 2021 ICICI Prudential Life Insurance Company ICICI Prudential MF Others, 3.66 QIB, 2.86 IIFL AMC MF & AIF, Nippon MF 10.28 SBI MF T Rowe Price FPI, 9.29 Taiyo Pacific Partners Promoter Group , 73.
Slide 54: Key Ratios: Definitions
Key Ratios: Definitions 1. Portfolio Yield = (Interest on loans – processing fees + Income from securitisation)/ Avg. quarterly on-book loans 2. Cost of Borrowings / Weighted Avg. COB = (Borrowing cost – finance lease charges) / Monthly average borrowings 3. Marginal COB = (Borrowings availed during
Slide 55: Q2 FY22: COVID-19 CSR Initiatives
Q2 FY22: COVID-19 CSR Initiatives In the backdrop of COVID-19 pandemic situation in India, CA Grameen has decided to focus its CSR Number of Number of Number Type Of Activity Target Beneficiaries Institutions activities in towards following activities – Beneficiaries of Kits / Locations • Preventive
Slide 56: Q2 FY22: COVID-19 CSR Initiatives
Q2 FY22: COVID-19 CSR Initiatives Total Amount (From 1st July Estimated State 2021 to 30th Expenditures September, 2021) Karnataka 69,60,000 61,46,659 Maharashtra 61,80,000 60,92,791 Tamil Nadu 38,40,000 6,57,583 Chhattisgarh 12,30,000 36,38,789 Odisha 10,80,000 2,31,650 Jharkhand 7,50,000 2,55,285
Slide 57: For Further Queries:
For Further Queries: Nilesh Dalvi Head – Investor Relations Contact No – 9819289131 Email ID – nilesh.dalvi@cagrameen.in Sahib Sharma AGM – Investor Relations Contact No – 7066559383 Email ID – sahib.Sharma@cagrameen.in www.creditaccessgrameen.in 56