Buy CreditAccess Grameen; target of Rs 1450: Motilal Oswal

Motilal Oswal's research report on CreditAccess GrameenCreditAccess (CREDAG)’s 2QFY27 PAT grew ~300% YoY (on a lower base) and 2% QoQ to INR5b (in line). NII grew 34% YoY to ~INR12.5b (in line). Opex grew ~14% YoY to INR3.8b (in line). Cost-income ratio declined ~110bp QoQ to ~28.2% (PQ: ~29.3% and…