Shares of CreditAccess Grameen Ltd jumped 12.56% to ₹975.30 in early trade on Tuesday, following the Reserve Bank of India’s (RBI) decision to lower risk weights on bank lending to non-banking financial companies (NBFCs) and microfinance institutions (MFIs). The move is expected to unlock liquidity and boost lending capacity, benefiting banks and financial institutions with high exposure to the MFI sector.
RBI’s Policy Shift Boosts NBFCs and MFIs
In November 2023, the RBI had increased the risk weight on bank lending to NBFCs and MFIs by 25 percentage points, tightening credit availability. The latest rollback frees up capital for banks, allowing them to expand their loan books and improve liquidity in the microfinance segment.
Stock Performance and Key Details
CreditAccess Grameen’s stock saw a sharp rally, reaching an intraday high of ₹978.30, compared to its previous close of ₹866.45. The stock has traded in a day range of ₹879.30 – ₹978.30.
Updated stock details:
- Current share price: ₹975.30 (+12.56%)
- Market capitalization: ₹155.09 billion
- 52-week range: ₹750.20 – ₹1,551.95
- P/E ratio: 17.63
- Dividend yield: 1.03%
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