CreditAccess Grameen’s stock has surged following the appointment of a new CEO and strategic initiatives. The company is addressing asset quality concerns through accelerated write-offs, expecting normalization by the December quarter. Expansion plans include opening 200 branches, with a focus on retail financing to drive future growth and profitability, anticipating improved credit growth in the fiscal year’s second half.
Fed’s Jefferson urges patience on rates; Kashkari sees more hikes ahead
Federal Reserve Vice Chair Philip Jefferson stated that he sees no immediate need for further interest rate adjustments. He emphasized that future decisions would depend