#CreditAccess

[guy-vamos]

AI-based credit scoring is revolutionizing the financial industry! With advanced algorithms and machine learning, it provides more accurate and fair assessments of creditworthiness. This technology analyzes a broader range of data, reducing bias and helping more people access credit. It's a game-changer for those previously overlooked by traditional methods. Ready to dive deeper into how AI is transforming credit scoring?

Read more:

[banknomics]

CreditAccess Grameen Limited NCD IPO 2023

CreditAccess Grameen Limited, headquartered in Bengaluru, stands as a prominent Indian micro-finance institution. According to MFIN India, this company holds the distinction of being India’s largest NBFC-MFI concerning the gross loan portfolio as of March 2023.

The foundation of the company’s success lies in its customer-centric approach, a diverse array of product offerings, and a finely tuned product delivery and collection framework. This synergy has led to the achievement of commendable customer retention rates and minimal credit costs.

A core aspect of CreditAccess Grameen Limited’s operations revolves around catering to the needs of customers residing in rural pockets of India. These regions are often underserved by the formal banking sector, thereby presenting an untapped potential for providing micro-loans.

As of June 30, 2023, the company has established its presence across 353 districts in 14 states (namely Karnataka, Maharashtra, Madhya Pradesh, Tamil Nadu, Kerala, Odisha, Chhattisgarh, Goa, Bihar, Jharkhand, Gujarat, Rajasthan, Uttar Pradesh, and West Bengal) and one union territory (Puducherry) in India. This expansive network comprises 1,826 branches and a dedicated workforce of 17,391 employees. Notably, the company caters to an active consolidated customer base of 44.2 lakhs, as of June 30, 2023.

[online-mobile-recharge-best]

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[ryz-market]

CreditAccess Grameen shares down 6% after Q2 profit down 46%

[optionperks]

Top Gainers and Losers today on 2 May, 2024: Bharat Petroleum Corporation, Power Grid Corporation Of India, Kotak Mahindra Bank, Tata Consumer among most active stocks; Check full list here

The Nifty closed at 22604.85, up by 0.19%. Throughout the day, the Nifty reached a day high of 22710.5 and a low of 22567.85. The Sensex traded in the range of 74812.43 and 74360.69, closing 0.17% up at 74482.78, which was 128.33 points above the opening price. The top gainers in the Nifty index were Bharat Petroleum Corporation (up 4.49%), Power Grid Corporation Of India (up 3.89%), Asian Paints (up 3.46%), Bajaj Auto (up 2.32%), and Tata Motors (up 1.97%). On the other hand, the top losers in the Nifty index were Kotak Mahindra Bank (down 2.97%), Tata Consumer (down 1.55%), Bharti Airtel (down 1.38%), Axis Bank (down 1.38%), and HDFC Life Insurance Company (down 1.25%). The Bank Nifty ended at 49396.75, with an intraday high of 49529.35 and a low of 49123.6. The Bank Nifty has shown the following performance:

In the last 1 week: 1.54%

In the last 1 month: 3.56%

In the last 3 months: 7.11%

In the last 6 months: 14.47% Sensex:

Top gainers: Power Grid Corporation Of India (up 3.91%), Asian Paints (up 3.36%), Tata Motors (up 1.99%), NTPC (up 1.72%), and Tata Steel (up 1.45%)

Top losers: Kotak Mahindra Bank (down 2.95%), Axis Bank (down 1.41%), Bharti Airtel (down 1.26%), Wipro (down 1.09%), and ICICI Bank (down 1.05%) Nifty:

Top gainers: Bharat Petroleum Corporation (up 4.49%), Power Grid Corporation Of India (up 3.89%), Asian Paints (up 3.46%), Bajaj Auto (up 2.32%), and Tata Motors (up 1.97%)

Top losers: Kotak Mahindra Bank (down 2.97%), Tata Consumer (down 1.55%), Bharti Airtel (down 1.38%), Axis Bank (down 1.38%), and HDFC Life Insurance Company (down 1.25%)

Nifty MidCap 50:

Top gainers: Hindustan Petroleum Corporation, Ashok Leyland, Bharat Heavy Electricals, Escorts Kubota, and GMR Airports Infrastructure

Top losers: Godrej Properties, Max Healthcare Institute, Yes Bank, Astral, and Dalmia Bharat Nifty Small Cap 100:

Top gainers: Raymond, Indiamart Intermesh, Triveni Turbines, CESC, and RITES

Top losers: Castrol India, Tejas Networks, Creditaccess Grameen, Five Star Business Finance, and Great Eastern Shipping Company

[purpleloveenthusiast]

CreditAccess Grameen to target affordable housing through co-lending model: CFO Balakrishna Kamath

Bengaluru-based CreditAccess Grameen, India’s largest microfinance lender, will target affordable housing through the co-lending model, Balakrishna Kamath, Chief Financial Officer, told Moneycontrol in an interview on November 20. “For co-lending, we could look at affordable housing. That is one plan we have. We have just launched the product. Going forward, we could look at a co-lending model…

[moneywellglobal]

Stocks to Watch: Infosys, HUL, L&T, IndusInd Bank, M&M, IndiaMart

[dainiksamachar]

आज Hero MotoCorp, Bajaj Finserv और Eicher Motors पर रखें नजर, भर सकती है झोली

नई दिल्ली: घरेलू शेयर बाजार में लगातार आठ कारोबारी सत्रों से जारी गिरावट बुधवार को थम गई। बीएसई सेंसेक्स 448.96 अंक की बढ़त के साथ बंद हुआ। गुरुवार को रेल विकास निगम (Rail Vikas Nigam), हीरो मोटोकॉर्प (Hero MotoCorp), बजाज फिनसर्व (), आयशर मोटर्स (Eicher Motors), सनटेक रियल्टी (Sunteck Realty), ड्रीमफोक्स सर्विसेज (Dreamfolks Services) और क्रेडिटएक्सेस ग्रामीण (CreditAccess Grameen) के शेयरों में तेजी आ सकती है। रेलवे की कंपनी रेल विकास निगम वंदेभारत ट्रेन सेट्स बनाने के लिए सबसे कम बोली लगाई है। इसके लिए कंपनी ने तीन कंपनियों के साथ मिलकर एक जॉइंट वेंचर बनाया है। दोपहिया वाहन बनाने वाली दुनिया की सबसे बड़ी कंपनी हीरो मोटोकॉर्प ने फरवरी में 3.94 लाख यूनिट मोटरसाइकिल और स्कूटर बेचे।बजाज फिनसर्व को म्यूचुअल फंड ऑपरेशन शुरू करने के लिए सेबी की तरफ से फाइनल रजिस्ट्रेशन मिल गया है। सबसे बड़े एयरपोर्ट सर्विस एग्रीगेटर प्लेटफॉर्म Dreamfolks Services को Vidsur Golf में 60 फीसदी स्टेक खरीदने के लिए बोर्ड की तरफ से हरी झंडी मिल गई है। KNR Constructions: को बेंगलुरु-विजयवाड़ा इकॉनमिक कॉरिडोर पर छह लेन की रोड विकसित करने के लिए लेटर मिल गया है। आयशर मोटर्स ने फरवरी में 71,544 Royal Enfield मोटरसाइकिल बेची जो पिछले साल के मुकाबले 21 फीसदी अधिक है। किन शेयरों में रहेगा उतारचढ़ाव मूमेंटम इंडिकेटर MACD के मुताबिक पीएनबी (PNB), बैंक ऑफ बड़ौदा (BOB), भेल (Bhel), यूको बैंक (UCO Bank) और कैनरा बैंक (Canara Bank) के शेयरों में गुरुवार को तेजी आ सकती है। दूसरी ओर आईआरबी इन्फ्रा (IRB Infra), अरविंदों फार्मा (Aurobindo Pharma), अपोलो हॉस्पिटल्स (Apollo Hospitals), सीमेंस (Siemens), विंडलास बायोटेक (Windlas Biotech) और ब्लू स्टार (Blue Star) के शेयरों में गिरावट आ सकती है। बुधवार को बाजार का हाल एशियाई और यूरोपीय बाजारों के सकारात्मक संकेतों के बीच अनुकूल आर्थिक आंकड़ों से उत्साहित घरेलू शेयर बाजारों के दोनों प्रमुख सूचकांक लगातार आठ कारोबारी सत्रों की गिरावट से उबरकर बुधवार को करीब एक प्रतिशत चढ़ गए। बीएसई सेंसेक्स 448.96 अंक की बढ़त के साथ 59,411.08 अंक पर बंद हुआ। नेशनल स्टॉक एक्सचेंज के निफ्टी ने भी 146.95 अंक की तेजी दर्ज की। कारोबार के अंत में निफ्टी 17,450.90 अंक पर बंद हुआ। सेंसेक्स में एसबीआई, एक्सिस बैंक, इंडसइंड बैंक, टेक महिंद्रा, एचसीएल टेक, टीसीए��, मारुति सुजुकी, टाटा स्टील और टाटा मोटर्स के शेयरों में प्रमुख रूप से बढ़त दर्ज की गई। दूसरी तरफ पावरग्रिड और एचडीएफसी बैंक के शेयरों में गिरावट की स्थिति रही। http://dlvr.it/SkCyqP

[petnews2day]

Creditaccess Grameen to go into guaranteed financing section; NCD released

New Post has been published on https://petnews2day.com/pet-industry-news/pet-financial-news/creditaccess-grameen-to-go-into-guaranteed-financing-section-ncd-released/?utm_source=TR&utm_medium=Tumblr+%230&utm_campaign=social

Creditaccess Grameen to go into guaranteed financing section; NCD released

Microfinancier Creditaccess Grameen, which has actually been just providing collateral-free loans to ladies, is going into the guaranteed financing side with house, automobile and gold loans in addition to SME financing, a leading business authorities. The Bengaluru-headquartered NGO-turned microlender, which went public in 2018 with a 400 crore-IPO, is the biggest microfinancer in regards to […]

See full article at https://petnews2day.com/pet-industry-news/pet-financial-news/creditaccess-grameen-to-go-into-guaranteed-financing-section-ncd-released/?utm_source=TR&utm_medium=Tumblr+%230&utm_campaign=social #PetFinancialNews

[impactng]

Loan grant: SMEDAN wants BVN as collateral to access credits

Following the strict access to loan for small and medium enterprises, the Small and Medium Enterprises Development Agency (SMEDAN) has called for the use of Bank Verification Number (BVN) as collateral to access micro-credits by the Micro, Small and Medium Enterprises (MSMEs). The Director General of the agency, Dr Dikko Radda, made the call in Uyo at the 11th meeting of the National Council on Industry, Trade and Investment organised by the ministry. Dikko said that the banking industry could consider the BVN as adequate requirement to provide micro-credits to the MSMEs since it had been embedded with critical details of the owner. Decrying lack of access to affordable finance by MSMEs, he expressed optimism that as Mpesa revolutionised access to finance in Kenya, BVN could create access to finance for informal entrepreneurs in Nigeria. “This can change the story line of the sub-sector. “The Nigerian banks can look at the idea as an option to provide micro-credits to boost the MSMEs and foster economic development,” he said. Presenting a paper entitled, “The Role of Small and Medium Enterprises and Entrepreneurship As Bedrock for the Development of Developing Economies’’ he decried many challenges facing the MSMEs. He identified lack of access to affordable finance as one of such challenges. Dikko said the challenges notwithstanding, MSMEs played pivotal role in economic development beyond employment generation to creating opportunities for Foreign Direct Investment (FDI). He also noted that MSMMEs had contributed to technological innovation, helped in addressing youth restiveness and insecurity and improved standard of living as well as direct creation of wealth and reduction of poverty. The Director-General also said that MSMEs’ contribution to the manufacturing sector and Gross Domestic Product was significant in terms of share in total value added. Citing the 2017 MSMEs survey report, he noted that there were over 41 million MSMEs in four major sectors in Nigeria (wholesale and retail trade, agriculture, manufacturing and accommodation). According to the report, some of the MSMEs usually experience closure of business due to lack of funds, economic meltdown, and low patronage and inadequate power supply. He called for increased pool of fund and patronage to enable MSMEs take advantage of African Growth and Opportunity Act (AGOA) and African Continental Free Trade Area agreement export windows. The MSME boss also called for increased patronage of MSMEs in the procurement process of the federal, state and all local governments, to address the issue of access to markets. Read the full article

[newsbunddle]

Early provisioning to lower asset quality pressure for CreditAccess

Early provisioning to lower asset quality pressure for CreditAccess

Some analysts are bullish on the stock given the accelerated provisioning and improving business outlook. Synopsis The return of its loan disbursement growth to pre-COVID levels and last week’s fund-raising are likely to improve the company’s performance in the coming quarters. ET Intelligence Group: The stock of microfinance lender CreditAccess Grameen has lost 15 per cent over the past three…

[pari-shah-posts]

Nifty: outlook and top trading ideas by Jay Anand Thakkar of Anand Rathi

Every day, just as week by week energy marker MACD for Nifty, is well in the purchase mode

MARKETS NEWS: 

NIFTY: BUY | TGT: 12,450 | SL: 12,295 NIFTY :

shut well over the 12,300 levels and with that, the likelihood of removing the critical obstacle of 12,400 has gotten very high. Every day just as week by week force pointer MACD is well in the purchase mode and the hanging man candle design has been nullified, subsequently, the likelihood of upside is high. 

RICO AUTO: BUY | TGT: Rs 58 | SL:

 Rs 46 The stock has framed a pleasant even triangular example and the wave E of the equivalent appears to have been finished. The stock has been exchanging upwards holding admirably its upward slanting parallel channel; consequently one can purchase this for the objective of Rs 58 with a stop loss of Rs 46. 

CREDITACC: BUY | TGT: Rs 840 | SL: 

Rs 750 The stock has given a breakout from the descending slanting parallel divert with an expansion in volumes just as an unmistakable purchase hybrid in its day by day energy marker. 

TORRENT POWER: BUY | TGT: Rs 330 | SL: 

Rs 295 The stock has given a breakout from the falling channel with an unmistakable purchase hybrid in its day by day force marker MACD. The stock appears to have finished a wave 4 revision and with that, the likelihood of wave 5 up appears to have begun.

FOR MORE LIVE UPDATE:  Nifty

[investyadnya]

Top 5 Small Cap Stocks of 2019

Top 5 Small Cap Stocks of 2019

Best Indian Small Cap Stocks to Own Heading into 2020 Introduction

Here is a complete list and analysis of Top 5 Small Cap Stocks of 2019 in Indian Share Market. These are the small cap stocks with the best value, fastest growth, and most momentum for 2019.

In our earlier articles, we have analysed Top Large cap stocks and Mid cap stocksof 2019 which have given highest YTD performance…