CreditAccess Grameen

July 3 (Reuters) - CreditAccess Grameen Ltd CRDE.NS:

• CREDITACCESS GRAMEEN - Q1 DISBURSEMENTS UP 11.9% Y/Y

Source text: ID:nBSE36Jl7H

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** Shares of CreditAccess Grameen CRDE.NS climb 6.4% to 1,256 rupees

** Lender reports 44% Y/Y surge in its quarterly loan disbursements in Q4 with number of borrowers rising 27%

** Retail finance share at 18% in March 2026 vs 6% year ago, led by retention and graduation of high-vintage and good performing borrowers - CRDE

** Avg rating of 16 analysts on CRDE at "buy"; median PT is 1,560 rupees - data compiled by LSEG

** YTD, stock down 1.1%

(Reporting by Kashish Tandon in Bengaluru)

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April 6 (Reuters) - CreditAccess Grameen Ltd CRDE.NS:

• Q4 DISBURSEMENTS UP 28% Y/Y

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March 10 (Reuters) - CreditAccess Grameen Ltd CRDE.NS:

• CREDITACCESS GRAMEEN LTD - SIGNS USD 75 MILLION SYNDICATED SOCIAL LOAN FACILITY

Source text: ID:nNSE7WJHS4

Further company coverage: CRDE.NS

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** Shares of Axis Bank AXBK.NS rise 1.5% at 1,389 rupees

** Bank clarifies that it has not submitted nor plans to submit any bid for a stake in CreditAccess Grameen CRDE.NS

** Citi ("Buy"; PT: 1,463 rupees) says confirmation decisively eliminates key market overhang of recent weeks

** Adds, AXBK's update likely removes apprehensions around capital deployment towards microfinance acquisition and earnings volatility associated with that business

** Stock rated "Buy" on average by 40 analysts; median PT at 1,500 rupees - data compiled by LSEG

** YTD, stock up 9.4% vs Nifty Bank index .NSEBANK up 2.7%

(Reporting by Mridula Kumar in Bengaluru)

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Feb 4 (Reuters) - Axis Bank Ltd AXBK.NS:

• CLARIFIES ON REPORT CO IN THE LEAD TO BUY OUT CREDITACCESS GRAMEEN

• EVALUATES VARIOUS OPPORTUNITIES IN ORDINARY COURSE FOR GROWTH, EXPANSION OF BUSINESS

Source text: ID:nNSE3v2q7G

Further company coverage: AXBK.NS

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** CreditAccess Grameen CRDE.NS jumps as much as 10.7% to 8-week high at 1,375.70 rupees; last up 8.3%

** Microfinance firm posts Q3 profit of 2.52 bln rupees ($27.6 mln) vs year-ago loss of 1 bln rupees; revenue up ~8% y/y

** Emkay upgrades to "buy" from "add", citing steady recovery path

** HSBC upgrades to "buy" from "hold"; hikes PT to 1,630 rupees from 1,310 rupees

** Says most positives (growth momentum, margin recovery, cost improvement) seem intact, likely to improve during MFI upcycle

** Adds co will enter FY27 with better base, leading to improving earnings outlook

** Stock rated "buy" on avg; median PT at 1,550 rupees, per data compiled by LSEG

($1 = 91.3400 Indian rupees)

(Reporting by Brijesh Patel in Bengaluru)

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Jan 20 (Reuters) - CreditAccess Grameen Ltd CRDE.NS:

• DEC-QUARTER CONSOL PROFIT 2.52 BILLION RUPEES

• DEC-QUARTER CONSOL TOTAL REVENUE FROM OPERATIONS 14.9 BILLION RUPEES

Source text: ID:nBSE4tK2mg

Further company coverage: CRDE.NS

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** Shares of CreditAccess Grameen CRDE.NS down 5.6% at 1,394 rupees

** Microfinance firm posts 32.4% fall in Q2 profit as borrower base shrinks 7.2%

** Interest income down 0.3% y/y

** ICICI Securities downgrades stock to "hold" from "buy", lowers PT to 1,470 rupees - downside of 0.5% from Tuesday's close

** Adds, factors including co's slower-than-expected recovery in Karnataka state likely to keep credit costs elevated in the near term

** However, healthy monsoons, stronger rural trends likely to boost demand, asset quality in H2 FY26
** Analysts on avg rate stock "buy"; median PT at 1,400 rupees - LSEG data

** Stock top loser in small-cap 100 index .NIFSMCP100 so far this year, but still up ~66% YTD

($1 = 88.2880 Indian rupees)

(Reporting by Yagnoseni Das in Bengaluru)

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** India's CreditAccess Grameen CRDE.NS rises 5% to 1,348 rupees; set for biggest daily pct gains since May 2

** Expectations of recovery in micro finance segment, which has been under stress, buoys investors

** Management says collections improved in July, expects momentum to sustain through August and September

** JM Financial upgrades CRDE to "buy" from "hold", raises PT to 1,475 rupees from 1,135

** Says CRDE should be the first among MFIs to recover from current stress cycle given ability to recognize early stress, accelerated write-off policy

** Co's profit up 27.5% Q/Q, down 84.9% y/y; asset quality improves

** More than 1.8 million shares traded on the day, ~3x of 30-day average volume

** YTD, CRDE up 52%

(Reporting by Vivek Kumar M)

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July 22 (Reuters) - CreditAccess Grameen Ltd CRDE.NS:

• JUNE-QUARTER CONSOL PROFIT 601.9 MILLION RUPEES

• JUNE-QUARTER CONSOL TOTAL REVENUE FROM OPERATIONS 14.63 BILLION RUPEES

Source text: ID:nBSE6dqGjb

Further company coverage: CRDE.NS

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** Shares of CreditAccess Grameen Ltd CRDE.NS jumps 6.6% to 1,323 rupees, their highest since August 2024

** Microfinance lender says it recorded its highest-ever disbursements in Q1

** Stock top gainer on Nifty Smallcap 100 .NIFSMCP100 index which is down slightly on the day

** Adds, its asset quality, or portfolio at risk (PAR) has improved across all states it operates in

** CRDE's had reported an 88% slump in Q4 profit on deteriorating asset quality

** Over 5.7 million shares traded, 10.6x the 30-day avg volume

** Analysts tracking stock rate it "buy" on avg - data compiled by LSEG

** Stock up nearly 50% this year, compared to smallcap index's 1% rise

(Reporting by Nandan Mandayam in Bengaluru)

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** Shares of India's Bandhan Bank BANH.NS rise 3.1% to 180.3 rupees apiece

** CLSA says among microfinance lenders, BANH has outperformed larger rival IndusInd Bank INBK.NS as well as smaller peers on asset quality in the March quarter

** Brokerage reiterates high-conviction "outperform" rating on BANH

** Says BANH's annualised gross slippage ratio of 10% was significantly below Creditaccess Grameen CRDE.NS, Fusion Finance FUSN.NS and INBK

** Sees only marginal pain for BANH in terms of asset quality going forward, compared with peers

** CLSA reiterates "underperform" on CRDE and FUSN; CRDE shares down 0.8%, FUSN shares up 0.5%

** BANH shares up 10% in 2025 so far, mirroring the 12% rise in private bank index .NIFPVTBNK

(Reporting by Bharath Rajeswaran in Bengaluru)

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** Shares of microfinance-focused lender Creditaccess Grameen CRDE.NS down 5.6% at 1,135 rupees

** Stock top loser in Nifty small-cap index .NIFSMCP100, which is up 0.7%

** Co on Friday reported 88% slump in Q4 profit as asset quality deteriorated and disbursements fell due to tough lending laws in southern state of Karnataka

** Co also said it expects lower loan growth in FY26

** Full implementation of strict microfinance regulations and adverse impact of the recent state laws on loan recovery could keep stress elevated in H1FY26 - Emkay Global

** CRDE up 28% YTD vs 5.8% fall in small-cap index

(Reporting by Sethuraman NR in Bengaluru)

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** The worst appears over for Indian microfinance lenders, says Investec, citing improving asset quality at CreditAccess Grameen CRDE.NS and Ujjivan Small Finance Bank UJJI.NS

** Both stocks are up about 2.1%, outperforming the 0.7% drop in the Nifty 500 index .NIFTY500

** While peers like Equitas Small Finance Bank EQUI.NS face operational challenges such as lower collection efficiency, these two companies are better placed, says Investec

** Brokerage expects only a minimal impact on the two companies from stricter lending norms set to take effect in April

** Reiterates a "buy" rating on both stocks, estimating a 12-month upside of 17.9% for CRDE and 33.2% for UJJI; calls Ujjivan more attractive on valuations

** CRDE and UJJI are up 12.4% and 11% in 2025 so far, outperforming the Nifty 500’s 9% decline

(Reporting by Bharath Rajeswaran in Bengaluru)

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** India's CreditAccess Grameen CRDE.NS shares up 4.2%, among top gainers in Nifty small-cap index .NIFSMCP100, which is up 2%
** Co says asset quality stabilising and collection efficiency largely normalised in qtr ending March 2025, sequentially
** Says it added over 250,000 borrowers in March qtr
** Microfinance lender had posted its first ever qtrly loss in Dec. qtr on higher provisions for bad loans
** Stock rated 'buy' on avg by 17 analysts; median PT at 1,086 rupees - LSEG data
** CRDE up ~ 13% YTD

(Reporting by Sethuraman NR in Bengaluru)

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** Shares of CreditAccess Grameen CRDE.NS surge as much as 9.7% to 1,009.85 rupees; last up 8.5%

** Microfinance firm said it added 150,000 new borrowers in January and February; it had added 152,000 new customers in the October-December quarter

** CRDE said its business momentum and stabilizing asset quality improved due to healthy loan portfolio across geographies

** Stock rated "Buy" on avg, median PT at 1,067 rupees - LSEG data

** CRDE among top five gainers on Nifty 500 index .NIFTY500, which is up 0.6%

** Year-to-date, CRDE up 3.8%, NIFTY500 down ~9%

(Reporting by Manvi Pant in Bengaluru)

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Feb 3 (Reuters) - CreditAccess Grameen Ltd CRDE.NS:

• SECURES USD 50 MILLION FROM INTERNATIONAL FINANCE CORPORATION

Further company coverage: CRDE.NS

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Jan 27 (Reuters) - Securities analysts revised their ratings and price targets on several European companies including Creditaccess Grameen, Generali and Legal & General on Monday.

HIGHLIGHTS

Following is a summary of research actions on European companies reported by Reuters on Monday. Stock entries are in alphabetical order.

(Compiled by Bengaluru Newsroom)

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Nov 29 (Reuters) - CreditAccess Grameen Ltd CRDE.NS:

• RAISES EURO 25 MILLION FROM DEG AND 1.70 BILLION RUPEES FROM CITI

Source text: ID:nBSE2V19QH

Further company coverage: CRDE.NS

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** Shares of CreditAccess Grameen CRDE.NS shed 5.4% to 928.80 rupees

** Stock set for seventh straight losing session, if losses hold

** Microfinance institution's Q2 consol net profit slumped 46.7% Y/Y

** CRDE's track record of better-than-industry performance was derailed in Q2 due to high credit costs, ICICI Securities' analysts say

** Prolonged stress from disruption in loan repayments, tight cashflow and transient impact of heavy rainfall in some geographies to hurt FY25 earnings - ICICI Securities

** At least 10 analysts have cut PT on "buy"-rated stock since results, median PT is 1,214 rupees vs 1,650 rupees last month - LSEG data

** Stock down ~42% YTD

(Reporting by Kashish Tandon in Bengaluru)

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Oct 25 (Reuters) - CreditAccess Grameen Ltd CRDE.NS:

• SEPT-QUARTER PROFIT 1.86 BILLION RUPEES

• SEPT-QUARTER INTEREST INCOME 14.18 BILLION RUPEES

Source text for Eikon: ID:nBSEbcl3hG

Further company coverage: CRDE.NS

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** Shares of CreditAccess Grameen CRDE.NS fall as much as 3.4% to 1,081 rupees, the lowest since May 16, 2023

** Co had reported a 19% Y/Y fall in disbursements for Q2; analysts at Nomura flag multiple headwinds ahead for the microfinance sector

** Nomura downgrades stock to "reduce" from "neutral"; cuts PT to 950 rupees from 1,100 rupees

** Deterioration in asset quality and fall in assets under management and disbursements causes for concern - Nomura

** Seventeen analysts covering the stock on avg have a "buy" rating; median PT is 1,650 rupees - LSEG data

** Stock down 32% so far this year, on track to snap two straight annual gains

(Reporting by Ashna Teresa Britto in Bengaluru)

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** Shares of CreditAccess Grameen CRDE.NS fall 2.8% to 1,119.05 rupees

** The microfinance institution's Q2 disbursements fell 19% Y/Y

** Collection efficiency down to 96.2% in Q2 from 97.9% in Q1

** Over 411,000 shares traded, 2X 30-day avg

** CRDE down ~30% YTD vs ~21% gains in Nifty 500 index .NIFTY500

(Reporting by Vijay Malkar)

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** Shares of CreditAccess Grameen CRDE.NS down 2.3% at 1,255 rupees

** Stock among top losers in Nifty small-cap index .NIFSMCP100, which is up 0.5%

** Microfinance co on Friday reported Q1 profit below some analysts' estimates, hurt by lower growth in assets under management and higher credit costs

** Implementation of new measures suggested by regulator will lead to lower-than-expected credit growth for FY25 and slightly higher delinquencies, Systematix said in a note

** Higher credit costs, moderation in loan growth will weigh on profitability metrics in FY25-FY26, HDFC Securities said

** At least 10 analysts trim PT on "strong buy" rated stock after results,; median PT down at 1,747.50 rupees vs 1,825 rupees, a month back - LSEG data

** Stock among top losers in small-cap index YTD, down 20% vs 22% gains in index

(Reporting by Sethuraman NR in Bengaluru)

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July 19 (Reuters) - CreditAccess Grameen Ltd CRDE.NS:

• JUNE-QUARTER PROFIT 3.98 BILLION RUPEES

• JUNE-QUARTER TOTAL REVENUE FROM OPERATIONS 15.12 BILLION RUPEES

Further company coverage: CRDE.NS

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** Shares of CreditAccess Grameen Ltd CRDE.NS up 1.4% at 1,441 rupees

** Non-banking microfinance lender's Q4 profit up 34% y/y, helped by 41% jump in interest income; NIM rises to 13.1% from 12.2%

** CRDE rose over 7% in early trade

** HSBC maintains "buy" on stock, says CRDE has "the ability to deliver high profitability and earnings growth consistently"

** Adds, CRDE remains "best-in-class" in the event of a downturn in asset quality cycle

** Over 1.2 mln shares traded, 5.1x 30-day avg volume

** Sixteen analysts tracking the stock rate it "strong buy" on avg; median PT is 1,861 rupees - LSEG data

** Stock trims YTD losses to 9.5%

(Reporting by Nandan Mandayam in Bengaluru)

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** Shares of non-banking microfinance lender CreditAccess Grameen CRDE.NS up 4.9% at 1,498 rupees

** Goldman Sachs starts covering stock with "buy" rating and PT of 1,788 rupees

** Says CRDE "well-poised" to capture share of expanded ~$136 bln microfinance lending market, sees AUM growing 19% CAGR from FY24-28

** FY24-26 profit after tax to grow 21% CAGR, driven by 24% CAGR in lending - Goldman

** CRDE can narrow "unwarranted" valuation gap with larger peers over next two years if it continues to deliver "superior operating metrics", brokerage says

** CRDE's FY25 P/E of 12.4x is a 27% discount on avg to non-bank lenders covered by brokerage

** Avg rating of 16 analysts is a "strong buy;" median PT is 1,900 rupees - LSEG data

** Stock narrows YTD losses to 6.7%

(Reporting by Nandan Mandayam in Bengaluru)

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March 20 (Reuters) - CreditAccess Grameen Ltd CRDE.NS:

• GETS TAX ORDER FOR ADDITIONAL TAX DEMAND AT 460.3 MILLION RUPEES

Source text for Eikon: ID:nBSEbPxsjx

Further company coverage: CRDE.NS

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