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CreditAccess Grameen Q4 Results: Net profit soars 34% YoY to Rs 397 crore on business expansion

CreditAccess Grameen Q4 Results: Net profit soars 34% YoY to Rs 397 crore on business expansion
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Udaya kumar hebbarCreditaccess grameen

Banking Budget: Small finance banks and MFIs pitch for funding support and sector-oriented policies

Banking Budget 2024: Though some small lenders are looking with optimism to lend to SMEs, lending to micro and small industries stood at 17.2 percent of total advances in November 2023 versus 19.3 percent in November 2022, according to recent Reserve Bank of India (RBI) sectoral credit data.

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CreditAccess Grameen posts ₹353 crore PAT in Q3 - The Hindu BusinessLine

CreditAccess Grameen posts ₹353 crore PAT in Q3 - The Hindu BusinessLine
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creditaccess grameen q3 earnings: CreditAccess Grameen Q3 Results: Net profit soars 64% YoY to Rs 353 crore

Net profit was Rs 216 crore in the year-ago period. Its net interest income rose 42% at Rs 802 crore while total income increased by 42.4% at Rs 1,295 crore. Pre-provision operating profit increased by 59% at 602 crore in the quarter under review against Rs 380 crore in the year-ago period.

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MFIs seek funding support

MFIs seek funding support
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