CreditAccess Q4 net plunges 88% on elevated provisions
- Posted on May 16, 2025
- By Financial Express
- 1 Views
CreditAccess Q4 net plunges 88% on elevated provisions
CreditAccess Grameen reports 88% YoY drop in Q4 FY25 net profit to Rs 47.2 crore due to a surge in provisions amid microfinance stress. PAR 90 rises to 3.3%, with Karnataka seeing sharp deterioration. MD Udaya Kumar Hebbar to step down in June; CEO Ganesh Narayanan to take over as MD.
