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Latest news about Credit Access Grameen

Credit Access Grameen Allots 41,537 Equity Shares Under Employee Stock Option Plan Nov 05, 2025

Credit Access Grameen Limited has allotted 41,537 equity shares to 17 employees under its CAGL Employees Stock Option Plan-2011. The shares, with a face value of Rs. 10 each, were approved by the Executive, Borrowings and Investment Committee of the Board of Directors. The allotment, dated November 04, 2025, will rank pari-passu with existing equity shares in all respects. This move aligns with the company's strategy for employee incentivization and retention in the microfinance sector.

CreditAccess Grameen Reports Q2 Results: Rising Credit Costs Amid Robust Disbursements Nov 02, 2025

CreditAccess Grameen Reports Q2 Results: Profit Rises 109% QoQ Amid Asset Quality Improvement Oct 28, 2025

CreditAccess Grameen Reports Sequential Improvement in Q2 with Stabilizing Asset Quality Oct 28, 2025

CreditAccess Grameen Reports Robust 33% YoY Disbursement Growth in Q2 FY26 Oct 07, 2025

More news about Credit Access Grameen

05Sept 25

CreditAccess Grameen to Host Q1-FY22 Results Conference Call on August 11

CreditAccess Grameen Limited has scheduled a conference call on August 11, 2021, at 6:30 PM IST to discuss its Q1-FY22 financial results. Key executives, including MD & CEO Udaya Kumar Hebbar, CFO Balakrishna Kamath, and VP Investor Relations Nilesh Dalvi, will participate. The call, coordinated by ICICI Securities, offers multiple access options for Indian and international participants, including toll-free numbers for Hong Kong, Singapore, UK, and USA.

09Aug 25

CreditAccess Grameen Announces Key Leadership Change in Company Secretary Role

CreditAccess Grameen Limited has announced a leadership transition in its compliance department. M. J. Mahadev Prakash will resign as Company Secretary & Chief Compliance Officer on August 09, 2025. Deepti Ramani, with over 11 years of experience in corporate governance and regulatory compliance, will take over the role effective August 10, 2025. Ramani brings expertise in managing critical transactions, regulatory filings, and compliance excellence from her previous roles at Equitas Holdings Limited and Tamilnadu Petroproducts Limited.

06Aug 25

CreditAccess Grameen Secures RBI Nod for Key Leadership Changes

CreditAccess Grameen Limited has received RBI approval for appointing Ganesh Narayanan as Managing Director & CEO and Udaya Kumar Hebbar as Non-Executive (Nominee) Director, effective August 05, 2025. Narayanan, with 26 years of banking experience, will serve a five-year term. Hebbar, with over 35 years in banking, transitions to a non-executive role. Both appointments were previously approved by the company's Board and shareholders.

28Jul 25

CreditAccess Grameen Reports Strong Q1 Disbursements Amid Improving Asset Quality

CreditAccess Grameen, a leading microfinance institution, reported its highest ever first-quarter disbursements. The company achieved a PAT of Rs. 60.00 crore, with ROA at 0.90% and ROE at 3.40%. Net interest income grew by 7% QoQ to Rs. 937.00 crore. Asset quality improved with PAR 15+ accretion rate declining to 0.46% in June from 1.34% in November. The company added 216,000 borrowers and expanded its retail finance portfolio. Despite accelerated write-offs of Rs. 693.00 crore, management expects robust profitability in H2 and maintains its credit cost guidance of 5.50%-6.00% for the year.

22Jul 25

CreditAccess Grameen Reports Q1 Results, Projects 12.6-12.8% Net Interest Margin for FY26

CreditAccess Grameen, India's largest NBFC-MFI, announced Q1 financial results with total income at ₹1,463.63 crore, down 3.2% YoY. PAT declined 84.9% to ₹60.19 crore. GNPA ratio increased to 4.70%. Disbursements grew 21.9% to ₹5,458.00 crore. The company projects a Net Interest Margin of 12.6-12.8% for FY26. CEO Ganesh Narayanan highlighted positive business momentum and declining delinquency rates. The company remains optimistic about FY26, citing favorable monsoon forecasts and rural sentiment improvement.

22Jul 25

CreditAccess Grameen Reports 85% Decline in Q1 Profit Amid Higher Impairment Provisions

CreditAccess Grameen, a leading Indian microfinance institution, reported a significant 85% decline in net profit for Q1, falling to ₹60.19 crore from ₹397.66 crore year-on-year. The drop is primarily attributed to a 227% increase in impairment provisions on financial instruments, which rose to ₹571.85 crore. Total revenue slightly decreased to ₹1,462.89 crore. Despite challenges, the company maintained strong capital adequacy with a CRAR of 25.55% and a liquidity coverage ratio of 180.66%. The gross Stage III ratio stood at 4.70%, with a provision coverage ratio of 63.16%.

04Jul 25

CreditAccess Grameen: Shares Surge 9% Despite Market Weakness

CreditAccess Grameen's Q1 update shows gross loans at ₹26,055.00 crore, down 0.90% YoY but up 0.40% QoQ. Loan growth was affected by ₹693.00 crore in write-offs. Portfolio at Risk (PAR) for 90+ days remained stable at 3.30%. The company projects 14-18% AUM growth by FY2026. Despite market weakness, shares rose up to 9%, indicating investor confidence.

11Jun 25

CreditAccess Grameen Secures $100 Million Syndicated Loan from Asian Banks

CreditAccess Grameen, India's largest NBFC-MFI, has secured $100 million through external commercial borrowing from a consortium of Asian banks. The syndicated loan, led by Standard Chartered Bank, was structured in Japanese yen and US dollars. Initially targeting $70 million, the loan was upsized to $100 million due to strong investor interest. The funds are earmarked for eligible social projects, aligning with the company's microfinance services. This successful fundraising enhances CreditAccess Grameen's liquidity, diversifies its funding sources, demonstrates global financial integration, and reinforces its commitment to social impact.

10Jun 25

CreditAccess Grameen Secures $100 Million Multi-Currency Syndicated Social Loan from Asian Banks

CreditAccess Grameen, India's largest NBFC-MFI, has obtained a $100 million multi-currency syndicated social loan from South Asian and Far East banks. The loan, led by Standard Chartered Bank, is structured in Japanese yen and US dollars. Initially planned for $70 million, it was increased to $100 million due to strong interest from seven participating banks, primarily from Korea and Japan. The funds are designated for eligible social projects, aligning with the company's microfinance focus.

21May 25

CreditAccess Grameen Faces Challenges in Q4, Expects Recovery Ahead

CreditAccess Grameen faced a difficult Q4 with rising slippages, higher credit costs, and increased GNPA. Revenue grew 1.87% YoY to ₹1,407.70 crore, but net profit declined 88.11% to ₹47.20 crore. Regional performance varied, with improved Portfolio at Risk outside Karnataka, while Karnataka and Tamil Nadu saw higher delinquencies. The company projects credit costs to normalize to 3.5% by H2 FY26 and expects improved RoA and RoE for FY26. Analysts have reduced FY27 earnings estimates in response.

19May 25

CreditAccess Grameen Reports Q4 Profit Dip, Analysts Project Downside

CreditAccess Grameen's Q4 net profit fell 88.11% to ₹47 crore, with revenue declining 3.52% to ₹1,407.70 crore. Asset quality deteriorated with GNPA rising to 4.76% and NNPA to 1.73%. The company approved ₹2,000 crore fundraising through non-convertible debentures. Future guidance includes 14-18% loan growth and 12-13% ROE for FY26, with elevated credit costs of 5.5-6% expected. Analysts have mixed views, with some downgrading the stock while others maintain a neutral stance.

16May 25

CreditAccess Grameen Approves ₹2,000 Crore NCD Fundraising Plan

CreditAccess Grameen's board has approved raising up to ₹2,000 crore through non-convertible debentures (NCDs). This significant financial move aims to boost the microfinance company's capital base, potentially facilitating expansion, loan portfolio growth, and debt restructuring.

16May 25

CreditAccess Grameen: Q4 Profit Turnaround, Annual Decline, and Leadership Change

CreditAccess Grameen reported a Q4 consolidated net profit of 47.20 crore rupees, reversing previous quarter's loss. Annual profit declined to 531.00 crore rupees. GNPA increased to 4.76%. Udaya Kumar Hebbar to step down as MD, succeeded by Ganesh Narayanan from June 26.

08Apr 25

CreditAccess Grameen Reports Mixed Q4 FY25 Results: AUM Dips, Asset Quality Challenges Persist

CreditAccess Grameen's Q4 FY25 update shows a 2.90% YoY decline in Gross Loan Portfolio to ₹25,948.00 crore, despite adding 2.5 lakh new borrowers. Asset quality deteriorated with PAR 90+ increasing to 3.30%. State-wise performance varied, with Karnataka showing increased stress. Collection efficiency improved in most regions, with the company expanding its employee base for enhanced recovery efforts. Management noted positive business momentum but acknowledged ongoing asset quality challenges.

06Mar 25

CreditAccess Grameen Reports 2.4% Loan Growth Amid Karnataka Stabilization

CreditAccess Grameen's gross loan portfolio grew 2.4% to ₹25,395 crore by February 2025. Karnataka portfolio increased 1% to ₹8,010 crore despite regulatory challenges. Overall PAR 0+ rose to 7.5%, while PAR 90+ increased to 3.4%. The company added over 1.5 lakh new borrowers in Jan-Feb 2025. Collection efficiency in Karnataka improved to 98% by late February. The company expanded its employee base to 20,265 and expects Karnataka operations to normalize within 1-2 months. Stock rose 10% to ₹1,012.2 on NSE.