credit costs Archives

Why has CreditAccess Grameen fallen nearly 10% since its Q2 results?

Topnewsplus2 weeks ago03 mins

ET Intelligence Group: The stock of CreditAccess Grameen has lost nearly 10% since October 28 when the country’s largest microfinance company declared the second quarter numbers. In comparison, the ETIG NBFC index has lost 1% during the period. The stock’s underperformance reflects concerns over likelihood of higher credit costs than earlier expectations owing to delayed…

Axis Bank touts quality push, but market flags a host of concerns

Topnewsplus5 months ago06 mins

Axis Bank tightened its asset classification and income recognition norms, signalling a more conservative credit approach that appears to have dented the lender’s June-quarter profitability. An unexpected bottom-line shrinkage caused the stock to slump more than 5% Friday, forcing a retreat of the Nifty on which Axis Bank has the third-biggest weighting among private lenders….