CreditAccess Grameen

Sept 3 (Reuters) - CreditAccess Grameen Ltd CRDE.NS:

• RAISES 3 BILLION RUPEES VIA PRIVATE PLACEMENT OF NCDS

Further company coverage: CRDE.NS

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CreditAccess Grameen scheduled physical one-to-one meetings with Franklin Templeton Mutual Fund, Sundaram Mutual Fund and Unifi Capital in Chennai for 21 August 2026. The meetings were set for 11:00 a.m., 2:00 p.m. and 3:30 p.m., respectively. The lender had scheduled similar one-to-one meetings with other mutual funds and asset managers in Mumbai during July and August, alongside group meetings at the Equirus and Emkay conferences. Its assets under management stood at ₹29,590 crore at the end of FY26, and it reported first-quarter FY27 profit of ₹493 crore.

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Aug 13 (Reuters) - Indian non-banking lender Svatantra Microfin has filed for an initial public offering worth 30 billion rupees ($314.33 million), according to draft papers filed late on Thursday.

The filing comes as India's primary market sees a rebound after a lacklustre first half of the year, with the Middle East conflict and a spike in crude oil prices weighing on sentiment.

Here are more details:

• The microfinance company is issuing new shares worth up to 15 billion rupees, while existing investors Advent International and Multiples are offloading an additional 15 billion rupees' worth of shares.

• The private equity firms had jointly invested 19.30 billion rupees in Svatantra Microfin in March 2024. Advent affiliate Violicina holds a stake of 28.02% in the company, while Multiples holds 11.45%.

• The lender primarily provides loans to women in rural areas, focusing on households with an annual income of up to 300,000 rupees.

• Founded by Ananya Birla, daughter of billionaire Kumar Mangalam Birla, Svatantra Microfin is India's second-largest microfinance institution by assets under management, with AUM of about 211 billion rupees as of March end, the draft papers show.

• Larger rival CreditAccess Grameen CRDE.NS, valued at around 247 billion rupees, had AUM of about 296 billion rupees as of March end.

• Svatantra reported a 45.8% jump in net profit to 6.49 billion rupees for the year ended March 31, while revenue from operations rose nearly 20% to 41.21 billion rupees.

• The company plans to use proceeds from the IPO to boost its Tier I capital base.

($1 = 95.4400 Indian rupees)

(Reporting by Disha Mishra in Bengaluru; Editing by Diti Pujara)

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CreditAccess Grameen scheduled physical one-to-one meetings in Mumbai on 12 August with UTI Mutual Fund at 11:15am and India First Life Insurance at 12:30pm. The company had also scheduled a virtual one-to-one with Capital Investment Trust for 11 August and group meetings at the Equirus Annual India Conference and Emkay Confluence on 13 and 14 August. Group micro-lending accounted for about 82% of revenue, while retail finance accounted for about 18%. The retail-finance share had risen from 5.9% in FY25 to 18.1% in FY26.

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CreditAccess India B.V., the promoter of CreditAccess Grameen, sold 36,57,500 shares, equivalent to 2.28% of the company's paid-up share capital, through a block deal in the open market on August 6. The sale was described as a measure to provide liquidity to CAI's long-term investors, increase CreditAccess Grameen's free float and broaden institutional ownership; CAI reaffirmed its long-term commitment to the company. CreditAccess Grameen is India's largest NBFC-MFI, with about 82% of revenue from group micro-lending and 18% from retail finance. Its AUM stood at ₹29,590 crore at the end of FY26, while gross stage III assets were 3.17%.

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** Microfinance company CreditAccess Grameen's shares CRDE.NS rises as much as 6.35% to 1,614 rupees apiece, their highest in two and a half years since Feb. 14, 2024

** CRDE posts an eight-fold jump in the June quarter profit to 4.93 billion Indian rupees

** Investec reiterates "buy" and raises price target to 1,800 rupees from 1,725 rupees, saying margins and credit costs in Q1 is better-than-estimates while growth remains in-line

** CRDE's valuations are attractive, says Investec, terming it the best play for the microfinance industry upcyle

** CLSA calls the Q1 performance "all-round strong quarter", maintains "outperform", citing improvement in growth, margins and asset quality

** "With the clean-up the past few quarters, delinquency formation has now come below normal levels," says CLSA, lifting price target to 1,900 rupees from 1,750 rupees

** Average rating of 16 analysts tracking CRDE is a "buy"; median price target is 1,750 rupees, according to data compiled by LSEG

** CRDE shares are up 25% in 2026 so far, exchange data shows

(Reporting by Bharath Rajeswaran in Bengaluru)

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CreditAccess Grameen’s board met on July 24, 2026 and approved the unaudited financial results for the quarter ended June 30, 2026. The board also cleared proposals to raise up to ₹2,000 crore through a public issue of non-convertible debentures and up to ₹1,000 crore through private placement, to be issued in one or more tranches. The terms, including tenure, coupon and listing, will be determined later. The company reported a standalone net profit of ₹493 crore for the June quarter, up sharply from ₹60 crore a year earlier.

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July 3 (Reuters) - CreditAccess Grameen Ltd CRDE.NS:

• CREDITACCESS GRAMEEN - Q1 DISBURSEMENTS UP 11.9% Y/Y

Source text: ID:nBSE36Jl7H

Further company coverage: CRDE.NS

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** Shares of CreditAccess Grameen CRDE.NS climb 6.4% to 1,256 rupees

** Lender reports 44% Y/Y surge in its quarterly loan disbursements in Q4 with number of borrowers rising 27%

** Retail finance share at 18% in March 2026 vs 6% year ago, led by retention and graduation of high-vintage and good performing borrowers - CRDE

** Avg rating of 16 analysts on CRDE at "buy"; median PT is 1,560 rupees - data compiled by LSEG

** YTD, stock down 1.1%

(Reporting by Kashish Tandon in Bengaluru)

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April 6 (Reuters) - CreditAccess Grameen Ltd CRDE.NS:

• Q4 DISBURSEMENTS UP 28% Y/Y

Further company coverage: CRDE.NS

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March 10 (Reuters) - CreditAccess Grameen Ltd CRDE.NS:

• CREDITACCESS GRAMEEN LTD - SIGNS USD 75 MILLION SYNDICATED SOCIAL LOAN FACILITY

Source text: ID:nNSE7WJHS4

Further company coverage: CRDE.NS

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** Shares of Axis Bank AXBK.NS rise 1.5% at 1,389 rupees

** Bank clarifies that it has not submitted nor plans to submit any bid for a stake in CreditAccess Grameen CRDE.NS

** Citi ("Buy"; PT: 1,463 rupees) says confirmation decisively eliminates key market overhang of recent weeks

** Adds, AXBK's update likely removes apprehensions around capital deployment towards microfinance acquisition and earnings volatility associated with that business

** Stock rated "Buy" on average by 40 analysts; median PT at 1,500 rupees - data compiled by LSEG

** YTD, stock up 9.4% vs Nifty Bank index .NSEBANK up 2.7%

(Reporting by Mridula Kumar in Bengaluru)

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Feb 4 (Reuters) - Axis Bank Ltd AXBK.NS:

• CLARIFIES ON REPORT CO IN THE LEAD TO BUY OUT CREDITACCESS GRAMEEN

• EVALUATES VARIOUS OPPORTUNITIES IN ORDINARY COURSE FOR GROWTH, EXPANSION OF BUSINESS

Source text: ID:nNSE3v2q7G

Further company coverage: AXBK.NS

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** CreditAccess Grameen CRDE.NS jumps as much as 10.7% to 8-week high at 1,375.70 rupees; last up 8.3%

** Microfinance firm posts Q3 profit of 2.52 bln rupees ($27.6 mln) vs year-ago loss of 1 bln rupees; revenue up ~8% y/y

** Emkay upgrades to "buy" from "add", citing steady recovery path

** HSBC upgrades to "buy" from "hold"; hikes PT to 1,630 rupees from 1,310 rupees

** Says most positives (growth momentum, margin recovery, cost improvement) seem intact, likely to improve during MFI upcycle

** Adds co will enter FY27 with better base, leading to improving earnings outlook

** Stock rated "buy" on avg; median PT at 1,550 rupees, per data compiled by LSEG

($1 = 91.3400 Indian rupees)

(Reporting by Brijesh Patel in Bengaluru)

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Jan 20 (Reuters) - CreditAccess Grameen Ltd CRDE.NS:

• DEC-QUARTER CONSOL PROFIT 2.52 BILLION RUPEES

• DEC-QUARTER CONSOL TOTAL REVENUE FROM OPERATIONS 14.9 BILLION RUPEES

Source text: ID:nBSE4tK2mg

Further company coverage: CRDE.NS

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** Shares of CreditAccess Grameen CRDE.NS down 5.6% at 1,394 rupees

** Microfinance firm posts 32.4% fall in Q2 profit as borrower base shrinks 7.2%

** Interest income down 0.3% y/y

** ICICI Securities downgrades stock to "hold" from "buy", lowers PT to 1,470 rupees - downside of 0.5% from Tuesday's close

** Adds, factors including co's slower-than-expected recovery in Karnataka state likely to keep credit costs elevated in the near term

** However, healthy monsoons, stronger rural trends likely to boost demand, asset quality in H2 FY26
** Analysts on avg rate stock "buy"; median PT at 1,400 rupees - LSEG data

** Stock top loser in small-cap 100 index .NIFSMCP100 so far this year, but still up ~66% YTD

($1 = 88.2880 Indian rupees)

(Reporting by Yagnoseni Das in Bengaluru)

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** India's CreditAccess Grameen CRDE.NS rises 5% to 1,348 rupees; set for biggest daily pct gains since May 2

** Expectations of recovery in micro finance segment, which has been under stress, buoys investors

** Management says collections improved in July, expects momentum to sustain through August and September

** JM Financial upgrades CRDE to "buy" from "hold", raises PT to 1,475 rupees from 1,135

** Says CRDE should be the first among MFIs to recover from current stress cycle given ability to recognize early stress, accelerated write-off policy

** Co's profit up 27.5% Q/Q, down 84.9% y/y; asset quality improves

** More than 1.8 million shares traded on the day, ~3x of 30-day average volume

** YTD, CRDE up 52%

(Reporting by Vivek Kumar M)

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July 22 (Reuters) - CreditAccess Grameen Ltd CRDE.NS:

• JUNE-QUARTER CONSOL PROFIT 601.9 MILLION RUPEES

• JUNE-QUARTER CONSOL TOTAL REVENUE FROM OPERATIONS 14.63 BILLION RUPEES

Source text: ID:nBSE6dqGjb

Further company coverage: CRDE.NS

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** Shares of CreditAccess Grameen Ltd CRDE.NS jumps 6.6% to 1,323 rupees, their highest since August 2024

** Microfinance lender says it recorded its highest-ever disbursements in Q1

** Stock top gainer on Nifty Smallcap 100 .NIFSMCP100 index which is down slightly on the day

** Adds, its asset quality, or portfolio at risk (PAR) has improved across all states it operates in

** CRDE's had reported an 88% slump in Q4 profit on deteriorating asset quality

** Over 5.7 million shares traded, 10.6x the 30-day avg volume

** Analysts tracking stock rate it "buy" on avg - data compiled by LSEG

** Stock up nearly 50% this year, compared to smallcap index's 1% rise

(Reporting by Nandan Mandayam in Bengaluru)

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** Shares of India's Bandhan Bank BANH.NS rise 3.1% to 180.3 rupees apiece

** CLSA says among microfinance lenders, BANH has outperformed larger rival IndusInd Bank INBK.NS as well as smaller peers on asset quality in the March quarter

** Brokerage reiterates high-conviction "outperform" rating on BANH

** Says BANH's annualised gross slippage ratio of 10% was significantly below Creditaccess Grameen CRDE.NS, Fusion Finance FUSN.NS and INBK

** Sees only marginal pain for BANH in terms of asset quality going forward, compared with peers

** CLSA reiterates "underperform" on CRDE and FUSN; CRDE shares down 0.8%, FUSN shares up 0.5%

** BANH shares up 10% in 2025 so far, mirroring the 12% rise in private bank index .NIFPVTBNK

(Reporting by Bharath Rajeswaran in Bengaluru)

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** Shares of microfinance-focused lender Creditaccess Grameen CRDE.NS down 5.6% at 1,135 rupees

** Stock top loser in Nifty small-cap index .NIFSMCP100, which is up 0.7%

** Co on Friday reported 88% slump in Q4 profit as asset quality deteriorated and disbursements fell due to tough lending laws in southern state of Karnataka

** Co also said it expects lower loan growth in FY26

** Full implementation of strict microfinance regulations and adverse impact of the recent state laws on loan recovery could keep stress elevated in H1FY26 - Emkay Global

** CRDE up 28% YTD vs 5.8% fall in small-cap index

(Reporting by Sethuraman NR in Bengaluru)

(([email protected]; +91 9945291420); Reuters Messaging: [email protected] ))

** The worst appears over for Indian microfinance lenders, says Investec, citing improving asset quality at CreditAccess Grameen CRDE.NS and Ujjivan Small Finance Bank UJJI.NS

** Both stocks are up about 2.1%, outperforming the 0.7% drop in the Nifty 500 index .NIFTY500

** While peers like Equitas Small Finance Bank EQUI.NS face operational challenges such as lower collection efficiency, these two companies are better placed, says Investec

** Brokerage expects only a minimal impact on the two companies from stricter lending norms set to take effect in April

** Reiterates a "buy" rating on both stocks, estimating a 12-month upside of 17.9% for CRDE and 33.2% for UJJI; calls Ujjivan more attractive on valuations

** CRDE and UJJI are up 12.4% and 11% in 2025 so far, outperforming the Nifty 500’s 9% decline

(Reporting by Bharath Rajeswaran in Bengaluru)

(([email protected]; +91 9769003463;))

** India's CreditAccess Grameen CRDE.NS shares up 4.2%, among top gainers in Nifty small-cap index .NIFSMCP100, which is up 2%
** Co says asset quality stabilising and collection efficiency largely normalised in qtr ending March 2025, sequentially
** Says it added over 250,000 borrowers in March qtr
** Microfinance lender had posted its first ever qtrly loss in Dec. qtr on higher provisions for bad loans
** Stock rated 'buy' on avg by 17 analysts; median PT at 1,086 rupees - LSEG data
** CRDE up ~ 13% YTD

(Reporting by Sethuraman NR in Bengaluru)

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** Shares of CreditAccess Grameen CRDE.NS surge as much as 9.7% to 1,009.85 rupees; last up 8.5%

** Microfinance firm said it added 150,000 new borrowers in January and February; it had added 152,000 new customers in the October-December quarter

** CRDE said its business momentum and stabilizing asset quality improved due to healthy loan portfolio across geographies

** Stock rated "Buy" on avg, median PT at 1,067 rupees - LSEG data

** CRDE among top five gainers on Nifty 500 index .NIFTY500, which is up 0.6%

** Year-to-date, CRDE up 3.8%, NIFTY500 down ~9%

(Reporting by Manvi Pant in Bengaluru)

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Feb 3 (Reuters) - CreditAccess Grameen Ltd CRDE.NS:

• CREDITACCESS GRAMEEN LTD - SECURES $50 MILLION FROM IFC

Source text: ID:nNSE4vKpq2

Further company coverage: CRDE.NS

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** India's benchmark NSE Nifty 50 .NSEI and BSE Sensex .BSESN drop 0.75% each, weighed by slowing corporate earnings

** All 13 top sectors decline; smallcaps .NIFSMCP100 and midcaps .NIFMDCP100 lose 3.7% and 2.3%, respectively

** JSW Steel JSTL.NS loses 2% on Q3 profit miss; metal index .NIFTYMET down 2%

** IDFC First Bank IDFB.NS drops 7.5% on profit fall, while CreditAccess Grameen CRDE.NS sheds 6% on posting a loss, with both hit by souring microfinance loans

** AU Small Finance Bank AUFI.NS declines 7% after cutting FY25 loan growth forecast

** In contrast, No. 2 private lender ICICI Bank ICBK.NS gains 1.7% and helps Nifty cut losses after a higher quarterly profit on healthy loan growth; brokerages call a safe haven

(Reporting by Bharath Rajeswaran in Bengaluru)

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Nov 29 (Reuters) - CreditAccess Grameen Ltd CRDE.NS:

• RAISES EURO 25 MILLION FROM DEG AND 1.70 BILLION RUPEES FROM CITI

Source text: ID:nBSE2V19QH

Further company coverage: CRDE.NS

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** Shares of CreditAccess Grameen CRDE.NS shed 5.4% to 928.80 rupees

** Stock set for seventh straight losing session, if losses hold

** Microfinance institution's Q2 consol net profit slumped 46.7% Y/Y

** CRDE's track record of better-than-industry performance was derailed in Q2 due to high credit costs, ICICI Securities' analysts say

** Prolonged stress from disruption in loan repayments, tight cashflow and transient impact of heavy rainfall in some geographies to hurt FY25 earnings - ICICI Securities

** At least 10 analysts have cut PT on "buy"-rated stock since results, median PT is 1,214 rupees vs 1,650 rupees last month - LSEG data

** Stock down ~42% YTD

(Reporting by Kashish Tandon in Bengaluru)

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Oct 25 (Reuters) - CreditAccess Grameen Ltd CRDE.NS:

• CREDITACCESS GRAMEEN - REVISED ESTIMATES FOR FY25 NIM AT 12.8-13.0%

Source text for Eikon: ID:nBSE8kvkGP

Further company coverage: CRDE.NS

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