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Haitong Securities Initiates Coverage On CreditAccess Grameen With 'Buy' Rating
According to Haitong Securities, within the microfinance space, non-banking financial companies are expected to grow faster than other entities while also maintaining superior asset quality given their sharper focus on one business line as observed in the past. The key differentiating aspects of CreditAccess Grameen's business model is the flexibility it provides to the customers to structure the amount of loan, tenure and repayment schedule as per their requirement and cash flows.