CreditAccess Grameen Limited , a prominent player in the microfinance sector, has received crucial approvals from the Reserve Bank of India (RBI) for significant changes in its top leadership. The company announced that the central bank has given its nod for the appointment of Ganesh Narayanan as Managing Director & CEO and Udaya Kumar Hebbar as Non-Executive (Nominee) Director, both effective from August 05, 2025.

New Leadership at the Helm

Ganesh Narayanan, who brings over 26 years of experience in banking and finance, has been appointed as the Managing Director & CEO for a five-year term. Narayanan's journey with CreditAccess Grameen began in 2020 when he joined as the Chief Business Officer. His rapid ascent within the organization saw him elevated to CEO in August 2023, culminating in this RBI-approved appointment.

Prior to joining CreditAccess Grameen, Narayanan held leadership positions at prominent financial institutions including ICICI Bank, Fullerton India Credit Company (now SMFG), and Yes Bank. His extensive experience spans various business segments, including Microbanking, MSME, Retail, Rural & Financial Institution relationships across India.

Transition to Non-Executive Role

Udaya Kumar Hebbar, a veteran in the banking sector with over 35 years of experience, transitions to the role of Non-Executive (Nominee) Director. Hebbar's expertise lies primarily in operations across rural, agricultural, and micro-banking sectors. His significant contributions to the microfinance industry are highlighted by his two terms as the Chairperson of the Microfinance Institutions Network (MFIN).

Before his association with CreditAccess Grameen, Hebbar held various roles at Barclays Bank PLC, Corporation Bank, and ICICI Bank. His academic credentials include a bachelor's and master's degree in commerce, complemented by his certification as an Associate of the Indian Institute of Bankers (CAIIB).

Corporate Governance and Regulatory Compliance

The appointments of both Narayanan and Hebbar were initially approved by CreditAccess Grameen's Board of Directors and subsequently ratified by shareholders at the Annual General Meeting held on July 30, 2025. The company's commitment to regulatory compliance is evident in its prompt disclosure to the stock exchanges, adhering to the Securities and Exchange Board of India (SEBI) Listing Regulations.

M. J. Mahadev Prakash, Company Secretary & Chief Compliance Officer of CreditAccess Grameen, confirmed that neither Narayanan nor Hebbar is debarred from holding the office of Director in a listed company, as per SEBI regulations.

These strategic appointments come at a crucial time for CreditAccess Grameen as it looks to strengthen its position in the competitive microfinance landscape. The blend of Narayanan's diverse banking experience and Hebbar's deep industry knowledge is expected to guide the company through its next phase of growth and development in the microfinance sector.

CreditAccess Grameen , a leading microfinance institution, has demonstrated a remarkable turnaround with its latest business update showing significant improvement in asset quality and renewed growth momentum. The company's December 2025 performance indicates strong recovery across all operating geographies, marking a decisive shift from earlier challenges.

Strong Asset Quality Recovery

The company achieved a dramatic improvement in asset quality metrics, with the Portfolio at Risk (PAR) 15+ accretion rate declining sharply to 0.18% in December 2025. This represents a substantial improvement from the elevated levels witnessed in previous quarters, demonstrating effective risk management and operational excellence.

Robust Business Growth

CreditAccess Grameen reported strong operational performance in Q3 FY26, with disbursements reaching ₹5,805 crore, representing a 26% month-on-month growth in December 2025. The company added 2.10 lakh new borrowers during the quarter, contributing to a total of approximately 6.50 lakh new borrowers added in the first nine months of FY26.

Geographic Performance Normalization

The company witnessed asset quality normalization across all operating geographies, with Karnataka emerging as one of the best-performing states. Karnataka's PAR 15+ accretion rate improved dramatically to 0.13% in December 2025, marking a return to its earlier strong asset quality trends. Other key states also showed significant improvement, with Tamil Nadu at 0.18%, Maharashtra at 0.22%, and Madhya Pradesh at 0.26%.

Strategic Expansion and Infrastructure

CreditAccess Grameen continued its strategic expansion with 165 new branches opened in the first nine months of FY26, including 15 branches added in Q3 FY26. The company maintained a stable employee base of 21,701 as of December 2025, ensuring operational continuity while managing costs effectively.

Write-offs and Portfolio Management

The company undertook write-offs of ₹259 crore (including accelerated write-offs) in Q3 FY26, reflecting its proactive approach to portfolio management. Despite these write-offs, the Gross Loan Portfolio (GLP) grew to ₹26,566 crore, with Karnataka contributing ₹7,989 crore and other states contributing ₹18,577 crore.

CreditAccess Grameen's December 2025 business update demonstrates the company's successful navigation through challenging market conditions. With asset quality normalization across geographies and renewed growth focus, the company appears well-positioned for sustainable growth in the microfinance sector. The strong recovery in Karnataka, combined with improved performance across all states, reinforces the company's operational resilience and strategic execution capabilities.