Disbursements Return to Pre-Covid Levels: Creditaccess Grameen

CreditAccess Grameen recorded significant disbursements in the second quarter. Udaya Kumar Hebbar, chief executive and CEO of the company, said pent-up demand for business expansions, purchasing new materials and renewing business was good.

He said they opened around 142 branches in the first four months, which helped increase customer acquisition. They have managed to acquire 2 lakhs of clients in the past four months, Hebbar said in an interview with CNBC-TV18.

Disbursements for the company are more or equal to pre-COVID levels, Hebbar said, adding that the size of the ticket has not changed.

Watch the video for the full interview with management


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