Creditaccess Grameen Ltd. · NSE:CREDITACC
Creditaccess Grameen — Q1 FY22 Earnings Presentation
58 slides from Creditaccess Grameen's earnings presentation, August 2021
Slide 1: CreditAccess Grameen Limited Q1 FY22 Results Presentation
CreditAccess Grameen Limited Q1 FY22 Results Presentation August 2021 www.creditaccessgrameen.in
Slide 2: 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 3: Discussion Summary
Discussion Summary Key Business Updates Consolidated Overview CA Grameen: Financial Metrics MMFL: Financial Metrics Investment Rationale Annexure www.creditaccessgrameen.in 3
Slide 4: Navigating the Impact of COVID 2.0 (CA Grameen) (1/2)
Navigating the Impact of COVID 2.0 (CA Grameen) (1/2) Collections impacted during Q1 FY22; however, witnessed strong improvement in Jul-21 Disbursements aligned with collections INR Cr 1,107 5th July onwards 97% 95% 97% 94% 94% 94% 93% 89% 91% 87% 87% 88% 89% 79% 81% 84% 83% 79% 484 308 115 Q4 FY21
Slide 5: Navigating the Impact of COVID 2.0 (CA Grameen) (2/2)
Navigating the Impact of COVID 2.0 (CA Grameen) (2/2) PAR increased during May & June due to stringent lockdowns/ restrictions; however, significant improvement witnessed in Jul-21 PAR 0 PAR 30 PAR 60 PAR 90 Increase in PAR is on account of both, higher 30.6% delinquencies and 24.1% portfolio run-do
Slide 6: Asset Quality Impact: COVID 1.0 vs. COVID 2.0 (CA Grameen)
Asset Quality Impact: COVID 1.0 vs. COVID 2.0 (CA Grameen) The impact of COVID 2.0 has been less prolonged compared to COVID 1.0; asset quality expected to recover at a faster pace Asset Quality Metrics Impact of COVID 1.0 Impact of COVID 2.0 COVID 1.0 Impact COVID 2.0 Impact 9.8% 9.8% 9.7% (8.8% on
Slide 7: Early Risk Recognition & Conservative Provisioning (CA Grameen)
Early Risk Recognition & Conservative Provisioning (CA Grameen) INR Cr CAGL Policy (IND-AS) NBFC Industry Norms (IND-AS) Asset Additional Asset EAD EAD% ECL% Classification EAD EAD% ECL% ECL vs. Classification (dpd) (dpd) NBFC Industry 0-15 (GL) Stage 1 7,603.4 78.7% 0.7% Stage 1: 0-30 8,201.1 84.9%
Slide 8: Update on Collections & Delinquencies at MMFL
Update on Collections & Delinquencies at MMFL Improvement Collections in Monthly Impacted Due Collections to Stringent Lockdown in Tamil Nadu & Kerala State-wise Collection Trend 90% 91% CE % 88% 89% Mar-21 Apr-21 May-21 Jun-21 Jul-21 (Excl. Arrears) 83% 83% Tamil Nadu 90% 89% 68% 61% 82% Maharashtr
Slide 9: Building Adequate Provisioning at MMFL
Building Adequate Provisioning at MMFL Q1 FY22 Asset Classification (dpd) EAD (INR Cr) EAD% ECL% Stage 1 Regular, 1-30 Days 1,765.7 90.3% 1.4% Stage 2 31-60 Days ,61-90 Days 97.3 5.0% 27.6% Stage 3 90+ Days 93.0 4.8% 67.2% Total 1,956.0 100% 5.8% Contribution of Groups Stage 1 Stage 2 Stage 3 Total
Slide 10: CA Grameen - MMFL Integration Journey Till Date
CA Grameen - MMFL Integration Journey Till Date Process initiation Gap analysis & operating Execution of Phase-I roll Phase I launch & execution Phase III roll out activities model considerations out activities of Phase-II roll out activities • Understanding of vision • Identifying gaps • Tech stack
Slide 11: Discussion Summary
Discussion Summary Key Business Updates Consolidated Results Overview CA Grameen: Financial Metrics MMFL: Financial Metrics Investment Rationale Annexure www.creditaccessgrameen.in 11
Slide 12: Q1 FY22: Consolidated Performance Highlights
Q1 FY22: Consolidated Performance Highlights NIM Cost/Income Ratio 10.2%/ 10.9%1/ 11.8%2 41.2% PPOP GLP: INR 12,664 Cr INR 216 Cr (+8.0% YoY) Weighted Avg. COB Opex/GLP Ratio (-15.3% YoY) 9.6% 4.6% ROA Capital Adequacy Ratio Total Equity 0.5% 28.6% INR 3,818 Cr PAT: INR 20 Cr (-72.8% YoY) ROE Tier 1
Slide 13: Q1 FY22: Consolidated P&L Statement
Q1 FY22: Consolidated P&L Statement Profit & Loss Statement (INR Cr) Q1 FY22 Q1 FY21 YoY% Q4 FY21 QoQ% FY21 Interest income 587.3 597.4 -1.7% 612.0 -4.0% 2,290.0 - Interest on Loans 1 575.6 589.6 -2.4% 602.1 -4.4% 2,251.5 - Income from Securitisation 0.4 5.4 -91.7% 1.0 -55.3% 13.0 - Interest on Depo
Slide 14: Q1 FY22: Consolidated Balance Sheet
Q1 FY22: Consolidated Balance Sheet Balance Sheet (INR Cr) Q1 FY22 Q1 FY21 YoY% Q4 FY21 QoQ% FY21 Cash & Other Bank Balances 2,221.9 1,274.9 74.3% 2,484.4 -10.6% 2,484.4 Loans - Balance sheet assets (Net of Impairment Loss Allowance) 10,813.2 10,662.0 1.4% 11,707.4 -7.6% 11,707.4 - Securitised asset
Slide 15: Q1 FY22: Understanding the Credit Cost Impact
Q1 FY22: Understanding the Credit Cost Impact CA Grameen (INR Cr) Q1 FY22 MMFL (INR Cr) Q1 FY22 Opening ECL - (A) 515.8 Opening ECL - (A) 106.9 Additions (B) Additions (B) - Provisions as per ECL 143.5 - Provisions as per ECL 23.3 Reversals (on account of write-off) (C) 40.8 Reversals (on account of
Slide 16: Q1 FY22: Continued Business Traction With Rural Focus
Q1 FY22: Continued Business Traction With Rural Focus Gross Loan Portfolio (GLP) (INR Cr) Borrowers (‘000) 8.0% -5.6% 13,587 4,011* 12,321 12,664 3,881* 3,906* 3,912* 3,785* 11,724 11,183 2,246 2,118 2,038 2,044 413 1,198 1,139 1,131 1,098 1,975 372 1,050 393 492 429 74 69 66 72 63 10,928 10,254 9,1
Slide 17: Q1 FY22: Consistent Growth In Infrastructure
Q1 FY22: Consistent Growth In Infrastructure Branches 101 new branches opened primarily in newer states Mar-21 Jul-21 Bihar 5 10 1,388 1,388 1,389 1,424 1,424 Chhattisgarh - 5 Gujarat 5 5 459 459 460 460 460 Jharkhand 5 5 71 71 71 71 71 Madhya Pradesh 5 10 Kerala - 2 858 858 858 893 893 Maharashtra
Slide 18: Q1 FY22: Sustainable Operational Efficiency
Q1 FY22: Sustainable Operational Efficiency GLP / Branch (INR Cr) GLP / Loan Officer (INR Cr) 4.5 4.9 4.3 4.6 4.4 1.1 1.0 1.0 0.9 6.9 5.5 5.8 1.0 6.0 5.2 0.7 0.6 0.7 0.6 0.6 10.7 10.2 11.4 12.2 11.5 1.6 1.4 1.3 1.4 1.5 Q1 FY21 Q2 FY21 Q3 FY21 Q4 FY21 Q1 FY22 Q1 FY21 Q2 FY21 Q3 FY21 Q4 FY21 Q1 FY22 C
Slide 19: Q1 FY22: Product Range To Meet Diverse Customer Needs
Q1 FY22: Product Range To Meet Diverse Customer Needs GLP - Q1 FY21 Q2 FY21 Q3 FY21 Q4 FY21 Q1 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) 10,321 88% 10,072 90% 11,499 93% 12,838 94% 11,962 94% Family Welfare 1
Slide 20: Q1 FY22: Well-Diversified Presence Across India
Q1 FY22: Well-Diversified Presence Across India Our Presence as on Jun-21 Q1 FY22 Q1 FY22 Branch Network 14 States / 1 UT Consolidated % Share 265 Districts Karnataka 298 20.9% 1,424 Branches Maharashtra 279 19.6% Uttar Pradesh 20 Tamil Nadu 381 26.8% Madhya Pradesh 120 8.4% Rajasthan Bihar Other St
Slide 21: Q1 FY22: District Wise Exposure Trend
Q1 FY22: District Wise Exposure Trend Consolidated Q1 FY21 Q2 FY21 Q3 FY21 Q4 FY21 Q1 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 22: Discussion Summary
Discussion Summary Key Business Updates Consolidated Results Overview CA Grameen: Financial Metrics MMFL: Financial Metrics Investment Rationale Annexure www.creditaccessgrameen.in 22
Slide 23: Q1 FY22: CA Grameen Standalone Performance Highlights
Q1 FY22: CA Grameen Standalone Performance Highlights NIM Cost/Income Ratio 10.5%/ 11.3%1/ 12.0%2 37.4% PPOP GLP: INR 10,625 Cr INR 197 Cr (+9.8% YoY) Weighted Avg. COB Opex/GLP Ratio (-12.3% YoY) 9.3% 4.3% ROA Capital Adequacy Ratio Total Equity 0.9% 33.8% INR 3,665 Cr PAT: INR 30 Cr (-53.5% YoY) R
Slide 24: Q1 FY22: CA Grameen Standalone P&L Statement
Q1 FY22: CA Grameen Standalone P&L Statement Profit & Loss Statement (INR Cr) Q1 FY22 Q1 FY21 YoY% Q4 FY21 QoQ% FY21 Interest income 483.6 489.1 -1.1% 510.6 -5.3% 1,877.1 - Interest on Loans 1 475.3 487.8 -2.6% 504.3 -5.7% 1,858.2 - Income from Securitisation 0.0 0.0 - 0.0 - 0.0 - Interest on Deposi
Slide 25: Q1 FY22: CA Grameen Standalone Balance Sheet
Q1 FY22: CA Grameen Standalone Balance Sheet Balance Sheet (INR Cr) Q1 FY22 Q1 FY21 YoY% Q4 FY21 QoQ% FY21 Cash & Other Bank Balances 1,800.1 1,172.5 53.5% 1,946.0 -7.5% 1,946.0 Loans - Balance sheet assets (Net of Impairment Loss Allowance) 8,977.2 8,850.9 1.4% 9,717.8 -7.6% 9,717.8 - Securitised a
Slide 26: Q1 FY22: Well-Diversified Liability Mix
Q1 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% 8.8% 1.1% • Target to meet funding requirement through foreign/lo
Slide 27: Q1 FY22: Stable Liquidity / ALM Position
Q1 FY22: Stable Liquidity / ALM Position Static Liquidity / ALM Position For the month For Financial Year Debt Drawdowns (INR Cr) Q1 FY22 FY22 FIs 0.0 Particulars (INR Cr) Jul-21 Aug-21 Sep-21 FY23 (Oct-21 - Mar-22) Banks – TL 50.0 Opening Cash & Equivalents (A) 1,789.0 1,870.9 2,133.0 2,309.9 2,793
Slide 28: Q1 FY22: Stable Credit Ratings
Q1 FY22: Stable Credit Ratings Q1 FY21 Q1 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 29: Q1 FY22: Robust Quarterly Performance Trend (1/2)
Q1 FY22: Robust Quarterly Performance Trend (1/2) Gross Loan Portfolio (GLP) (INR Cr) Disbursements (INR Cr) 9.8% 4,032 4,143 11,341 10,625 9,680 10,203 9,207 1,420 907 46 Q1 FY21 Q2 FY21 Q3 FY21 Q4 FY21 Q1 FY22 Q1 FY21 Q2 FY21 Q3 FY21 Q4 FY21 Q1 FY22 Margin Analysis (%) Operating Efficiency (%) 20.
Slide 30: Q1 FY22: Robust Quarterly Performance Trend (2/2)
Q1 FY22: Robust Quarterly Performance Trend (2/2) Asset Quality (%) PAT (INR Cr) 8.12% 6.84% 5.18% 5.00% 78 72 4.30% 64 5.95% 6.40% 30 4.38% 1.51% 1.64% -72 Q1 FY21 Q2 FY21 Q3 FY21 Q4 FY21 Q1 FY22 Q1 FY21 Q2 FY21 Q3 FY21 Q4 FY21 Q1 FY22 GNPA Provisioning (ECL) Total Equity (INR Cr) & Debt/Equity Rat
Slide 31: Discussion Summary
Discussion Summary Key Business Updates Consolidated Results Overview CA Grameen: Financial Metrics MMFL: Financial Metrics Investment Rationale Annexure www.creditaccessgrameen.in 31
Slide 32: Q1 FY22: MMFL Performance Highlights
Q1 FY22: MMFL Performance Highlights NIM Cost/Income Ratio GLP 8.9%/ 9.2%1/ 10.7%2 56.4% PPOP INR 2,038 Cr INR 24 Cr (-0.3% YoY) Weighted Avg. COB Opex/GLP Ratio (-32.7%) 10.6% 5.7% ROA Capital Adequacy Ratio Total Equity PAT -1.0% 23.3% INR 395 Cr INR -6 Cr (-144.3% YoY) ROE Tier 1 Ratio D/E Ratio
Slide 33: Q1 FY22: MMFL P&L Statement
Q1 FY22: MMFL P&L Statement Profit & Loss Statement (INR Cr) Q1 FY22 Q1 FY21 YoY% Q4 FY21 QoQ% FY21 Interest income 103.7 108.1 -4.0% 101.4 2.3% 412.6 - Interest on Loans 1 100.3 101.5 -1.2% 97.9 2.4% 393.0 - Income from Securitisation 0.5 5.4 -9.1.6% 1.0 -54.8% 13.0 - Interest on Deposits with Bank
Slide 34: Q1 FY22: MMFL Balance Sheet
Q1 FY22: MMFL Balance Sheet Balance Sheet (INR Cr) Q1 FY22 Q1 FY21 YoY% Q4 FY21 QoQ% FY21 Cash & Other Bank Balances 421.7 102.4 311.7% 538.4 -21.7% 538.4 Investment in Mutual Funds 0.0 102.3 0.0 0.0 Loans - Balance sheet assets (Net of Impairment Loss Allowance) 1,836.1 1,811.1 1.4% 1,989.5 -7.7% 1
Slide 35: Q1 FY22: Quarterly Performance Trend (1/2)
Q1 FY22: Quarterly Performance Trend (1/2) Gross Loan Portfolio (GLP) (INR Cr) Disbursements (INR Cr) -0.3% 558 583 2,118 2,246 2,044 1,975 2,038 228 158 0.4 Q1 FY21 Q2 FY21 Q3 FY21 Q4 FY21 Q1 FY22 Q1 FY21 Q2 FY21 Q3 FY21 Q4 FY21 Q1 FY22 PAT (INR Cr) Total Equity (INR Cr) & Debt/Equity Ratio 14 5.3
Slide 36: Q1 FY22: Quarterly Performance Trend (2/2)
Q1 FY22: Quarterly Performance Trend (2/2) Margin Analysis (%) Operating Efficiency (%) 6.0% 5.9% 6.1% 21.3% 20.8% 5.7% 19.4% 18.4% 19.5% 5.1% 52.6% 56.4% 50.0% 50.4% 11.5% 11.2% 10.7% 10.6% 43.1% 10.2% 11.2% 10.9% 10.8% 8.3% 8.9% Q1 FY21 Q2 FY21 Q3 FY21 Q4 FY21 Q1 FY22 Q1 FY21 Q2 FY21 Q3 FY21 Q4 FY
Slide 37: Q1 FY22: Diversified Liability, Stable Liquidity, Positive ALM
Q1 FY22: Diversified Liability, Stable Liquidity, Positive ALM Liability Mix – Static Liquidity / ALM Position For the month Q1 FY22 Institution / Instrument Wise Particulars (INR Cr) Jul-21 Aug-21 Sep-21 Banks – Term Loan 50.9% Opening Cash & Equivalents (A) 421.7 432.3 447.4 FIs – Term Loan 13.1%
Slide 38: Discussion Summary
Discussion Summary Key Business Updates Consolidated Results Overview CA Grameen: Financial Metrics MMFL: Financial Metrics Investment Rationale Annexure www.creditaccessgrameen.in 38
Slide 39: 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 40: 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 41: 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: 19.15% Loan Customer Centric Ticket Size Tenure Purpose Type Products (INR) (months) Diverse product suite:
Slide 42: 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 43: 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 44: 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 45: 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 46: 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 47: 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 48: 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 49: 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 50: 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 50
Slide 51: Shareholding Structure
Shareholding Structure Shareholding Pattern – June2021 Top 10 Institutional Investors – June 2021 ICICI Prudential Life Insurance Company ICICI Prudential MF Others, 3.55 QIB, 3.12 IIFL AMC Nippon MF MF & AIF, 9.28 SBI MF T Rowe Price FPI, 10.08 Taiyo Pacific Partners Promoter Group , 73.97 Tata AIA
Slide 52: 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 53: CreditAccess India Foundation
CreditAccess India Foundation CreditAccess India Foundation CreditAccess India Foundation (CA India Foundation) is a registered Section 8 company incorporated on 29th May 2021. It is classified as Non-govt company and is registered at Registrar of Companies, Bangalore. CA India Foundation is a 100%
Slide 54: CSR Initiatives (Directly Managed By CA Grameen)
CSR Initiatives (Directly Managed By CA Grameen) In the backdrop of COVID-19 pandemic situation in India, CA Grameen has decided to focus its CSR Number of Number of Number activities in towards following activities – Type Of Activity Target Beneficiaries Institutions Beneficiaries of Kits / Locatio
Slide 55: CSR Initiatives (Directly Managed By CA Grameen)
CSR Initiatives (Directly Managed By CA Grameen) Total Amount Estimated State (As on 30th June, Expenditures 2021) Karnataka 69,60,000 1,41,05,429 Maharashtra 61,80,000 25,00,235 Tamil Nadu 38,40,000 28,67,291 Madhya Pradesh 32,70,000 13,46,434 Chhattisgarh 12,30,000 2,27,850 Odisha 10,80,000 2,79,5
Slide 56: CSR Initiatives (Directly Managed By CA Grameen)
CSR Initiatives (Directly Managed By CA Grameen) Mobile health check-up vehicles – Pilot Project • In partnership with Dr. M.D. Sachidananda Murthy Memorial Educational Trust, Mysuru a pilot activity is planned for Mysuru, Chamarajanagar and Coorg districts • These vaccination and health checkup van
Slide 57: CSR Initiatives (Through Navya Disha)
CSR Initiatives (Through Navya Disha) Number of Total Amount Type Of Number of Number Target Beneficiaries Institutions State (As on 30th June, Activity Beneficiaries of Kits / Locations 2021) Karnataka 635,700 Oximeter 32 1,800 62 Maharashtra 5,880 Flood affected members, Covid-19 affected customer
Slide 58: For Further Queries:
For Further Queries: Nilesh Dalvi Head – Investor Relations Contact No – 9819289131 Email ID – nilesh.dalvi@cagrameen.in www.creditaccessgrameen.in 58