The ebbing of the second Covid wave and the resumption of economic activity have brought some relief to CreditAccess Grameen (CAGL), the largest non-bank microfinance institution (NBFC-MFI) in terms of loan-book size as of June. According to the management, disbursements have picked up and collection efficiency has improved in July compared to May and June. Does this make the MFI a worthy investment bet, given that it reported a weak set of numbers in the June quarter? Before analysing that, let’s...
Moneycontrol Pro Panorama | Your one-minute guide to MPC deliberations
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