CreditAccess Grameen sees default risk dip in 30-day bucket in August

Collection efficiency rises to 99% in August

Microfinance firm CreditAccess Grameen reported a dip in portfolio at risk (PAR) of default in 30 days bucket sequentially to 11 per cent in August 2021 from 12.9 per cent in July 2021. The PAR was at 13.8 per cent in June. The fall in PAR value reflects a gradual improvement in collections and incremental easing of asset quality pressures.

However, PAR in 60 days outstanding pool moved up to 8.3 in August from 8.1 per cent in July. PAR for 60 day bucket was 7.8 per cent in June 2021, according to filing with BSE. The same trend prevailed in