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ICICI Securities Report
CreditAccess Grameen Ltd.'s FY22 annual report provides detailed insights on how the company has ‘Stood the Test of Time and Trust'. Despite repetitive Covid-19 waves, it delivered more than 2% return on asset and more than 9% return on equity.
Superior management execution also reflects in it completing the integration process of Madura Micro Finance Ltd. in September 2021 and by March 2022, ~65% of Madhura Micro Finance's assets under management was serviced as per CreditAccess Grameen's operating model.
Its 99% cashless disbursements, digital sourcing of 0.6 million new customers, turn around time less than 24 hours for loans below Rs 15,000 and more than 6,000 branch audits under new automated digital application are key highlights of its digital transformational journey during FY22.
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