Creditaccess Grameen Ltd. · NSE:CREDITACC
Creditaccess Grameen — Q1 FY21 Earnings Presentation
63 slides from Creditaccess Grameen's earnings presentation, Aug 2, 2020
Slide 1: Intimation of Investor Presentation (exchange cover letter)
August 02, 2020 BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers The Exchange Plaza Dalal Street Bandra Kurla Complex Bandra (East) Mumbai 400001 Mumbai 400051 Scrip code: 541770 Scrip code: CREDITACC Dear Sir/Madam, Subject: Intimation of Investor Presentation With reg
Slide 2: CreditAccess Grameen Limited Q1 FY21 Investor Presentation
CreditAccess Grameen Limited Q1 FY21 Investor Presentation August 2020 www.creditaccessgrameen.com
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 Results Overview CAGL: Financial & Operational Metrics MMFL: Financial & Operational Metrics Investment Rationale Annexure www.creditaccessgrameen.com 3
Slide 5: Key Business Highlights – Consolidated (1/3)
Key Business Highlights – Consolidated (1/3) Q1 FY21: Strong Operating Performance Improving Collections Trend • PPOP grew 56.2% YoY to INR 255.6 Cr • Able to meet >98% centers with 100% employees back to work • Top priority on collections, connect with customers, customers • NII grew 55.2% YoY to I
Slide 6: Key Business Highlights – Consolidated (2/3)
Key Business Highlights – Consolidated (2/3) Adequate Risk & Capital Buffers • Conservative provisioning policy to build adequate risk buffers in place • CAGL: Total ECL of 4.42% against GNPA of 1.63%, standard asset provisioning buffer (excl. GNPA, including COVID buffer) of 2.79% • MMFL: Total ECL
Slide 7: Key Business Highlights – Consolidated (3/3)
Key Business Highlights – Consolidated (3/3) Robust Liquidity Position 360 Welfare & Support • INR 1,377.2 Cr cash / bank balance and liquid investments as on • 36 employees (16 active cases) & 541 customers / customer family 30th June 2020, increased to INR 1,636 Cr as on 30th July 2020 members (2
Slide 8: Encouraging Collections Trend (CAGL)
Encouraging Collections Trend (CAGL) Improvement in Cumulative Collections 80% CE % June July 75% 74% 76% 76% 76% 76% 73% Karnataka 78% 78% 70% Maharashtra 62% 65% 845 737 Tamil Nadu 75% 79% 665 661 640 55% 481 498 544 482 500 Madhya Pradesh 81% 88% 297 352 306 366 208 232 Others 86% 87% 77 141 80 1
Slide 9: Encouraging Collections Trend (MMFL)
Encouraging Collections Trend (MMFL) Improvement in Cumulative Collections 64% CE % June July 58% 51% 54% Tamil Nadu 54% 66% 50% 45% 43% Maharashtra 45% 56% 36% 35% 189 189 189 191 191 Odisha 43% 43% 26% 171 140 123 Bihar 66% 75% 97 102 108 111 84 86 52 51 Others 60% 68% 34 47 14 12 Total 54% 64% 6t
Slide 10: Discussion Summary
Discussion Summary Key Business Updates Consolidated Results Overview CAGL: Financial & Operational Metrics MMFL: Financial & Operational Metrics Business Overview Annexure www.creditaccessgrameen.com 9
Slide 11: Q1 FY21: Consolidated Performance Highlights
Q1 FY21: Consolidated Performance Highlights Branches 1,388 GLP Active Borrowers (+84.3% YoY) INR 11,724 Cr 40.11 Lakh (+53.9% YoY) (+56.4%) Employees 14,213 (+64.5% YoY) PAT ROA PPOP INR 75 Cr (-22.1% YoY) 2.2% INR 256 Cr (+56.2% YoY) Adj. PAT * ROE INR 188 Cr (+96.1%) 10.3% GNPA 1.62% Total Equity
Slide 12: Q1 FY21: Consolidated P&L Statement
Q1 FY21: Consolidated P&L Statement Profit & Loss Statement (INR Cr) Q1 FY21 Q1 FY20 YoY% Q4 FY21 QoQ% Interest income 597.4 364.2 64.0% 470.6 27.0% - Interest on Loans 588.6 352.5 67.0% 466.6 26.1% - Income from Securitisation 6.4 10.2 -37.9% 1.4 353.1% - Interest on Deposits with Banks and FIs 2.5
Slide 13: Q1 FY21: Consolidated Balance Sheet
Q1 FY21: Consolidated Balance Sheet Balance Sheet (INR Cr) Q1 FY21 Q1 FY20 YoY% Q4 FY20 QoQ% Cash & Other Bank Balances 1,274.9 526.4 142.2% 717.6 77.7% Loans - Balance sheet assets (Net of Impairment Loss Allowance) 10,662.0 6,902.2 54.5% 11,004.3 -3.1% - Securitised assets 90.5 194.4 -53.4% 94.6 -
Slide 14: Discussion Summary
Discussion Summary Key Business Updates Consolidated Results Overview CAGL: Financial & Operational Metrics MMFL: Financial & Operational Metrics Investment Rationale Annexure www.creditaccessgrameen.com 13
Slide 15: Q1 FY21: CAGL Standalone Performance Highlights
Q1 FY21: CAGL Standalone Performance Highlights NIM Cost/Income Ratio GLP 12.6% 31.0% PPOP INR 9,680 Cr INR 225 Cr (+27.0% YoY) Weighted Avg. COB Opex/GLP Ratio (+37.2% YoY) 9.4% 4.1% PAT ROA Capital Adequacy Ratio Total Equity INR 64 Cr (-33.6% YoY) 2.2% 23.7% INR 2,742 Cr Adj. PAT * ROE Tier 1 Rat
Slide 16: Q1 FY21: CAGL Standalone P&L Statement
Q1 FY21: CAGL Standalone P&L Statement Profit & Loss Statement (INR Cr) Q1 FY21 Q1 FY20 YoY% Q4 FY20 QoQ% FY20 Interest income 489.1 364.2 34.3% 454.4 7.6% 1,617.2 - Interest on Loans 487.8 352.5 38.4% 451.4 8.1% 1,588.8 - Income from Securitisation 0.0 10.2 -100.0% 0.6 -100.0% 22.3 - Interest on De
Slide 17: Q1 FY21: CAGL Standalone Balance Sheet
Q1 FY21: CAGL Standalone Balance Sheet Balance Sheet (INR Cr) Q1 FY21 Q1 FY20 YoY% Q4 FY20 QoQ% FY20 Cash & Other Bank Balances 1,172.5 526.4 122.7% 580.4 102.0% 580.4 Loans - Balance sheet assets (Net of Impairment Loss Allowance) 8,850.9 6,902.2 28.2% 9,172.6 -3.5% 9,172.6 - Securitised assets 0.0
Slide 18: Q1 FY21: Well-Diversified Liability Mix
Q1 FY21: Well-Diversified Liability Mix Liability Mix - Institution / Instrument Wise (%) Focus on dynamic liability management Bank - Sub Debt Bank - NCD • Focus on long-term funding with a mix of domestic & foreign sources 0.3% 2.3% NBFCs - Term Loan • Target to meet funding requirement through fo
Slide 19: Stable Liquidity / ALM Position Backed by Continued Support from Lenders
Q1 FY21: Stable Liquidity / ALM Position Backed by Continued Support from Lenders Static Liquidity / ALM Position For the month For Financial Year FY 2021 Particulars (INR Cr) Jul-20 Aug-20 Sep-20 FY 2022 (Oct-Mar 20) Opening Cash & Equivalents (A) 1,171.8 1,353.3 1,705.6 1,171.8 2,255.2 Loan recove
Slide 20: Positive ALM Continues To Contribute Growth
Q1 FY21: Positive ALM Continues To Contribute Growth Positive ALM Mismatch (in Months) 27.3 27.3 25.3 25.3 25.2 23.4 21.5 19.0 18.6 18.4 18.4 17.0 16.0 16.1 16.0 16.0 15.3 14.1 FY16 FY17 FY18 FY19 FY20 Q4 FY19 Q1 FY20 Q4 FY20 Q1 FY21 Average Maturity of Assets Average Maturity of Liabilities www.cre
Slide 21: Q1 FY21: Stable Credit Ratings
Q1 FY21: Stable Credit Ratings Q1 FY20 Q1 FY21 Rating Instrument Rating Agency Rating/Grading Rating/Grading CRISIL - A+ (Stable) Bank facilities ICRA A+ (Stable) A+ (Stable) Ind-Ra - A+ (RWN) CRISIL - A+ (Stable) Non-convertible debentures ICRA A+ (Stable) A+ (Stable) Ind-Ra - A+ (RWN) Subordinated
Slide 22: Robust Quarterly Performance Trend (1/2)
Q1 FY21: Robust Quarterly Performance Trend (1/2) Note: Refer Annexure for definition of key ratios Gross Loan Portfolio (GLP) (INR Cr) Disbursements (INR Cr) 27.0% Minimal 2,977 disbursements in 9,896 9,680 2,916 Q1 FY21, with focus 8,872 2,310 7,619 7,905 2,186 on collections 46 Q1 FY20 Q2 FY20 Q3
Slide 23: Robust Quarterly Performance Trend (2/2)
Q1 FY21: Robust Quarterly Performance Trend (2/2) Note: Refer Annexure for definition of key ratios Asset Quality (%) PAT (INR Cr) Includes INR 141 Cr 1.57% 1.63% 101 108 of additional 96 COVID provisions 0.55% 0.52% 0.85% Includes INR 83 Cr of additional 64 COVID provisions 0.00% 0.00% 0.00% 0.00%
Slide 24: Strong Business Traction With Rural Focus
Q1 FY21: Strong Business Traction With Rural Focus... Gross Loan Portfolio (GLP) (INR Cr) Borrowers (‘000) 27.0% 12.2% 9,896 9,680 2,905 8,872 2,876 499 492 7,905 74 7,619 456 2,770 74 373 426 66 2,640 2,564 59 9,397 9,188 2,831 8,417 50 2,802 7,246 7,479 2,703 2,581 2,514 Q1 FY20 Q2 FY20 Q3 FY20 Q4
Slide 25: Backed by Consistent Growth In Infrastructure
Q1 FY21: ...Backed by Consistent Growth In Infrastructure Branches Kendras (Group Lending) (‘000) 23.4% 15.5% 887 928 929 929 196 195 753 65 70 71 71 185 60 175 822 858 858 858 169 693 Q1 FY20 Q2 FY20 Q3 FY20 Q4 FY20 Q1 FY21 Group Lending Retail Finance Q1 FY20 Q2 FY20 Q3 FY20 Q4 FY20 Q1 FY21 Employ
Slide 26: Along With Sustainable Productivity
Q1 FY21: …Along With Sustainable Productivity GLP / Branch (INR Cr) GLP / Loan Officer (INR Cr) 6.2 7.0 6.9 6.5 6.5 0.7 0.6 0.7 0.6 0.7 10.5 9.1 9.8 11.0 10.7 1.3 1.3 1.4 1.2 1.2 Q1 FY20 Q2 FY20 Q3 FY20 Q4 FY20 Q1 FY21 Q1 FY20 Q2 FY20 Q3 FY20 Q4 FY20 Q1 FY21 Group Lending Retail Finance Group Lendin
Slide 27: Product Range To Meet Diverse Customer Needs
Q1 FY21: …Product Range To Meet Diverse Customer Needs GLP - Q1 FY20 Q2 FY20 Q3 FY20 Q4 FY20 Q1 FY21 Product Mix (INR Cr) % of Total (INR Cr) % of Total (INR Cr) % of Total (INR Cr) % of Total (INR Cr) % of Total IGL 6,454 85% 6,660 84% 7,541 85% 8,447 85% 8,278 86% Family Welfare 264 3% 317 4% 249
Slide 28: District Wise Exposure Trend
Q1 FY21: District Wise Exposure Trend Portfolio Q1 FY20 Q2 FY20 Q3 FY20 Q4 FY20 Q1 FY21 Exposure of Districts No. of % of Total No. of % of Total No. of % of Total No. of % of Total No. of % of Total (% of Portfolio) Districts Districts Districts Districts Districts Districts Districts Districts Dis
Slide 29: Discussion Summary
Discussion Summary Key Business Updates Consolidated Results Overview CAGL: Financial & Operational Metrics MMFL: Financial & Operational Metrics Investment Rationale Annexure www.creditaccessgrameen.com 28
Slide 30: Q1 FY21: MMFL Standalone Performance Highlights
Q1 FY21: MMFL Standalone Performance Highlights NIM Cost/Income Ratio GLP 11.5% 43.0% PPOP INR 2,044 Cr INR 35.0 Cr (+6.5% YoY) Weighted Avg. COB Opex/GLP Ratio (-14.7%) 11.2% 5.1% PAT ROA Capital Adequacy Ratio Total Equity INR 14 Cr (-42.5% YoY) 2.5% 23.8% INR 415.6 Cr Adj. PAT * ROE Tier 1 Ratio
Slide 31: Q1 FY21: MMFL Standalone P&L Statement
Q1 FY21: MMFL Standalone P&L Statement Profit & Loss Statement (INR Cr) Q1 FY21 Q1 FY20 YoY% Q4 FY20 QoQ% FY20 Interest income 108.1 106.9 1.1% 118.0 -8.4% 454.9 - Interest on Loans 101.5 101.1 0.4% 108.0 -6.0% 422.3 - Income from Securitisation 5.4 4.1 32.7% 8.8 -38.8% 27.6 - Interest on Deposits w
Slide 32: Q1 FY21: MMFL Standalone Balance Sheet
Q1 FY21: MMFL Standalone Balance Sheet Balance Sheet (INR Cr) Q1 FY21 Q1 FY20 YoY% Q4 FY20 QoQ% Cash & Other Bank Balances 102.4 63.0 62.7% 137.2 -25.3% Investment in Mutual Funds 102.3 0.0 - 45.0 127.3% Loans - Balance sheet assets (Net of Impairment Loss Allowance) 1,811.1 1,801.5 0.5% 1,832.0 -1.
Slide 33: Quarterly Performance Trend (1/4)
Q1 FY21: Quarterly Performance Trend (1/4) Note: Refer Annexure for definition of key ratios Gross Loan Portfolio (GLP) (INR Cr) Disbursements (INR Cr) 6.5% Minimal disbursements in 2,049 2,137 2,100 2,044 522 513 Q1 FY21, with focus 1,918 on collections 414 415 0.4 Q1 FY20 Q2 FY20 Q3 FY20 Q4 FY20 Q
Slide 34: Quarterly Performance Trend (2/4)
Q1 FY21: Quarterly Performance Trend (2/4) Note: Refer Annexure for definition of key ratios Margin Analysis (%) Operating Efficiency (%) 21.4% 21.8% 21.5% 22.3% 21.3% 5.9% 5.2% 5.3% 5.5% 5.1% 11.7% 11.0% 11.9% 12.4% 11.5% 40.7% 40.6% 43.0% 37.2% 39.4% 11.5% 11.8% 11.5% 11.7% 11.2% Q1 FY20 Q2 FY20 Q
Slide 35: Quarterly Performance Trend (3/4)
Q1 FY21: Quarterly Performance Trend (3/4) Borrowers (‘000) Branches 15.9% 14.2% 1,175 1,215 1,198 464 1,034 1,110 459 449 420 402 Q1 FY20 Q2 FY20 Q3 FY20 Q4 FY20 Q1 FY21 Q1 FY20 Q2 FY20 Q3 FY20 Q4 FY20 Q1 FY21 Employees Loan Officers 19.4% 23.9% 3,623 3,672 3,637 1,974 1,972 1,966 3,046 3,312 1,746
Slide 36: Quarterly Performance Trend (4/4)
Q1 FY21: Quarterly Performance Trend (4/4) GLP / Branch (INR Cr) GLP / Loan Officer (INR Cr) 4.9 1.2 1.2 4.8 4.8 4.5 1.1 1.1 4.5 1.0 Q1 FY20 Q2 FY20 Q3 FY20 Q4 FY20 Q1 FY21 Q1 FY20 Q2 FY20 Q3 FY20 Q4 FY20 Q1 FY21 Borrowers / Branch Borrowers / Loan Officer 2,642 651 636 2,571 2,617 2,619 2,611 595 6
Slide 37: District Wise Exposure
Q1 FY21: District Wise Exposure Portfolio Q4 FY20 Q1 FY21 Exposure of % of % of Districts No. of No. of Total Total Districts Districts (% of Portfolio) Districts Districts < 0.5% 31 33% 31 33% 0.5% - 1% 23 24% 22 23% 1% - 2% 27 28% 29 30% Q4 FY20 Q1 FY21 2% - 4% 12 13% 11 12% District in terms of G
Slide 38: Diversified Liability, Stable Liquidity, Positive ALM
Q1 FY21: Diversified Liability, Stable Liquidity, Positive ALM Liability Mix – Static Liquidity / ALM Position For the month Q1 FY21 Institution / Instrument Wise Particulars (INR Cr) Jul-20 Aug-20 Sep-20 Banks – Term Loan 49.8% Opening Cash & Equivalents (A) 204.8 166.5 200.9 FIs – Term Loan 19.7%
Slide 39: Discussion Summary
Discussion Summary Key Business Updates Consolidated Results Overview CAGL: Financial & Operational Metrics MMFL: Financial & Operational Metrics Investment Rationale Annexure www.creditaccessgrameen.com 38
Slide 40: Investment Rationale
Investment Rationale 2 3 Contiguous District Customer Centric Based Expansion Business Model With Rural Focus 1 4 Strong Parentage Classical Joint of CreditAccess Key Differentiators Lending (JLG) India N.V. Model 6 5 Consistent Growth Unique Human Along With Strong Capital & Internal Asset Quality
Slide 41: 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 42: Customer Centric Business Model (1/2)
Customer Centric Business Model (1/2) Partnering in growth with diverse product One of the Lending rate lowest of 18%-22%, lending rate, among suite catering to entire customer life cycle the loweststarting ~19.60% in the industry Q2 FY21 Customer flexibility - Even in a group, borrowers members can
Slide 43: Customer Centric Business Model (2/2)
Customer Centric Business Model (2/2) Loan Customer Centric Ticket Size Tenure Cashless shift based Purpose Type Products (INR) (months) on customer’s preference Business Investments and Income Group Income Generation Loan(IGL) 5,000 - 80,000 12-30 • Small loans: Enhancement activities Cash/Cashless
Slide 44: Calibrated, Contiguous District Based Expansion Strategy
Calibrated, Contiguous District Based Expansion Strategy… Focus on achieving deep penetration within a particular district within three years of commencement of operations Gradual expansion into the next (typically adjoining) district Systematic methodology in selection of new districts based on ava
Slide 45: Leading To Geographic Diversification
…Leading To Geographic Diversification Our Presence Branch Network Q1 FY21 Q1 FY21 CAGL + MMFL % Share 14 States / 1 UT Karnataka 298 21.5% 248 Districts Maharashtra 279 20.1% 1,388 Branches Uttar Pradesh Tamil Nadu 381 27.4% 15 Madhya Pradesh 115 8.3% Other States & UTs 315 22.7% Rajasthan Bihar 20
Slide 46: And Deeper Presence with Rural Focus
…And Deeper Presence with Rural Focus CAGL Districts MMFL Districts Common Districts Q1 FY21 Combined Presence 230 95 77 Districts: 248 Higher District Penetration: Branches Per District Higher Proportion of Rural Borrowers 5.6 96% 86% 4.0 82% FY20 (CAGL) Q1 FY21 (CAGL + MMFL) FY20 (CAGL) FY20 (MMFL
Slide 47: Classical JLG Lending Model
Classical JLG Lending Model Group Formation Data Entry & CB Check Group Confirmation Kendra Meetings • Group: 5-10 members • Data entry into CBS at RPCs • CGT by LO for 5 days • Weekly / Fortnightly meetings • Kendra: 2-6 groups • Credit Bureau check • Re-interviews by BM followed by • Duration: 30-
Slide 48: Unique Human Capital, Internal Audit & Controls
Unique Human Capital, Internal Audit & Controls Unique Human Capital Internal Audit & Controls Well-established Operational Structure Sound Understanding of Rural Market • ~90% of employees are hired fresh • Internal audit frequency – Business Heads from rural communities 6 times in a year at branch
Slide 49: Discussion Summary
Discussion Summary Key Business Updates Consolidated Results Overview CAGL: Financial & Operational Metrics MMFL: Financial & Operational Metrics Investment Rationale Annexure www.creditaccessgrameen.com 48
Slide 50: Leading MFI with Expanded Scale & Footprint (1/2)
Leading MFI with Expanded Scale & Footprint (1/2) Strengthened Leadership Position with ~ INR 12,000 Cr Portfolio Augmented Borrower Base of over 4.0 Mn GLP (INR Cr) Borrowers (‘000) CAGR 47.4% CAGR 35.7% 11,996 4,055* 2,100 67.6% 64.2% 1,215 7,159 2,470 1,851 4,975 9,896 1,450 1,196 2,905 3,075 2,5
Slide 51: Leading MFI with Expanded Scale & Footprint (2/2)
Leading MFI with Expanded Scale & Footprint (2/2) Expanded Branch Network & Human Infrastructure to Drive Future Growth Branches Loan Officers Employees CAGR 47.0% CAGR 37.2% CAGR 39.4% 1,393 14,496 9,688 464 1,972 3,672 107.9% 68.0% 79.8% 5,768 8,064 670 4,544 6,306 516 3,668 7,716 4,952 10,824 393
Slide 52: CAGL Standalone Historical Performance Trend (1/3)
CAGL Standalone Historical Performance Trend (1/3) Note: Refer Annexure for definition of key ratios Gross Loan Portfolio (GLP) (INR Cr) Disbursements (INR Cr) CAGR 40.5% CAGR 32.7% 10,389 9,896 8,221 7,159 499 4,975 6,082 3,075 325 2,539 51 3,349 3,403 9,397 0 1 6,834 3,075 4,923 2,539 FY16 FY17 FY
Slide 53: CAGL Standalone Historical Performance Trend (2/3)
CAGL Standalone Historical Performance Trend (2/3) Note: Refer Annexure for definition of key ratios Asset Quality (%) PAT (INR Cr) CAGR 40.6% 1.57% 0.82% 0.61% 322 328 0.08% 0.08% 212 0.00% 0.00% 0.00% 0.00% 0.00% 84 75 FY16* FY17* FY18 FY19 FY20 FY16* FY17* FY18 FY19 FY20 GNPA NNPA Total Equity (I
Slide 54: CAGL Standalone Historical Performance Trend (3/3)
CAGL Standalone Historical Performance Trend (3/3) Branches Borrowers (‘000) & Retention Rate (%) 86% 86% 84% 87% 85% 929 2,905 670 71 2,470 74 516 1,851 41 393 60 1,450 298 30 1,196 6 5 858 0 2,831 0 610 0 2,429 388 486 1,450 1,845 298 1,196 FY16 FY17 FY18 FY19 FY20 FY16 FY17 FY18 FY19 FY20 Group L
Slide 55: 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 56: Provisioning Policy
Provisioning Policy RBI Norms IND-AS CAGL Policy MMFL Policy Standard 0-90 days Stage I 0-30 days 0-15 days 0-30 days Assets Asset Sub-Standard 91-180 days Stage II 31-90 days 16-60 days 31-90 days Classification Assets Loss >180 days Stage III >90 days >60 days >90 days Assets CAGL Policy MMFL Poli
Slide 57: Accounting Impact of Business Combination
Accounting Impact of Business Combination As on Acquisition Date (INR Cr) 18th March 2020 Amount Acquisition Date % Stake (INR Cr) MMFL Total Equity 393.2 18th March 2020 75.64% 657.4 31st March 2020 0.44% 3.8 Less: Statutory Reserve 60.5 Total 76.08% 661.2 Book Value of Net Assets Acquired 332.7 In
Slide 58: Shareholding Structure
Shareholding Structure Shareholding Pattern (%) – June 2020 Top 10 Investors – June 2020 Bodies Eastspring Investments India Corporate Individuals, & Others, HDFC Life Insurance 2.30 3.23 ICICI Prudential Banking & Financial Services Fund MF & AIF, 8.40 ICICI Prudential Life Insurance Company IIFL A
Slide 59: Information Technology
Information Technology Key Technology Partners Key Technology Initiatives (Data Centre & Disaster (Core Banking Solution) Recovery SMS engine Paperless Infrastructure) Field transactions with integration process reduced TAT automation (Email and Collaboration) (Mobility solution) Event based Custome
Slide 60: Community Focus
Community Focus CreditAccess Grameen certified as ‘Great Place to Work’ and ranked among ‘Top 25 – India’s Best Workplaces in BFSI 2020’ • Company aims to meet its responsibility towards society through: CreditAccess Grameen awarded with ‘Outstanding Contribution to Rural Entrepreneurship and Empowe
Slide 61: COVID-19 CSR Initiatives
COVID-19 CSR Initiatives In the backdrop of COVID-19 pandemic situation in Number of Type Of Number of Number India, CAGL has decided to focus its CSR activities in Target Beneficiaries Institutions Activity Beneficiaries of Kits towards following activities – / Locations • Preventive and precaution
Slide 62: COVID-19 CSR Initiatives
COVID-19 CSR Initiatives Thermal Number of Health Grocery PPE State Scanners Beneficiaries Kits Kits Kits &others Karnataka 73,471 1,675 4,922 - 1 Maharashtra 40,420 889 545 175 11 Tamil Nadu 23,245 528 710 - 81 Madhya Pradesh 3,748 192 - - - Chhattisgarh 2,941 100 - - - Odisha 918 26 - - - Jharkhan
Slide 63: For Further Queries
For Further Queries: Nilesh Dalvi Head – Investor Relations Contact No – 9819289131 Email ID – nilesh.dalvi@grameenkoota.org www.creditaccessgrameen.com 62