Groww Creditserv Gets A/A1 Rating from ICRA

Oct 03, 2024 21:33

Groww Creditserv Technology Pvt Ltd (GCS), the lending arm of Groww Group, has received an 'A/A1' rating from ICRA, reflecting its strong financial standing and growth prospects.

New Delhi, Oct 3 (PTI) Groww Creditserv Technology Pvt Ltd (GCS), the lending arm of the Groww Group, has been assigned an 'A/A1' (stable) rating by ICRA.

The rating indicates strong capital position, liquidity and asset quality of the lending entity.

GCS commenced its operations in April 2023 by offering unsecured loans and launched its consumer durables lending business in Karnataka and Tamil Nadu in December 2023.

GCS has launched a dedicated app - Groww Credit to enhance its services and deliver a seamless experience to its customers, the company said in a statement.

ICRA's A/A1 rating for GCS is supported by its position as part of the group, Groww Co-founder Harsh Jain said.

Source: PTI

MORE NEWS

Marriott Opens First Global Tech Center in...

Marriott International has launched its first Global Capability Centre (GCC) in...

India Joins International Energy Efficiency...

India has been approved to join the International Energy Efficiency Hub, a 16-nation...

India, US Discuss Investments in Industrial Cities

India and the US discussed investment opportunities in planned industrial cities,...

PTC India Approves Rs 7.80 Dividend for FY24

PTC India shareholders have approved a final dividend of Rs 7.80 per equity share for...

BSE Discontinues Weekly Index Derivatives on...

BSE announces the discontinuation of weekly index derivatives contracts on Sensex 50...

RBI Research: Onion Farmers Get 36% of Consumer...

A Reserve Bank of India research paper suggests reforms in agricultural marketing,...

Odisha CM Promises Business-Friendly...

Odisha Chief Minister Mohan Charan Majhi assures investors of a business-friendly...

Google India: AI to Play Big Role in Next 20 Years

Google India MD Roma Datta Chobey discusses the company's AI strategy for India,...

Groww Creditserv Gets A/A1 Rating from ICRA

Groww Creditserv Technology Pvt Ltd (GCS), the lending arm of Groww Group, has received...

Odisha CM Promises Business-Friendly...

Odisha Chief Minister Mohan Charan Majhi has assured investors of a business-friendly...

Groww Creditserv Gets A/A1 Rating from ICRA

You May Like To Read

MORE NEWS