CreditAccess Grameen

CreditAccess Grameen published its investor presentation for the quarter and half year ended September 2026, reporting second-quarter net profit of Rs 502 crore on assets under management of Rs 30,946 crore. The presentation revised fiscal 2027 guidance to net interest margin of 14.4-14.7%, return on assets of 5.2-5.8% and return on equity of 21.0-24.0%, while it kept asset growth at 20.0-25.0% and credit cost at 3.0-4.0%. First-half net profit was Rs 995 crore, above the Rs 777.6 crore reported for the full year to March 2026. Gross Stage III was 1.79% in September against 2.18% in June, with retail finance at 23.3% of assets under management. The company managed assets of Rs 29,590 crore in the year to March and held a standalone AA-/Stable rating from all three agencies.

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CreditAccess Grameen signed a USD 175 million syndicated social loan facility qualifying as external commercial borrowing under the Reserve Bank of India's automatic route. Standard Chartered Bank and DBS Bank acted as joint mandated lead arrangers and bookrunners, with ten financial institutions from Asia and the Middle East and Africa participating. It was the fifth ECB syndication completed in five years, taking aggregate mobilisation to USD 640 million. Foreign borrowings accounted for around 24% of the liability profile across 15 countries. Assets under management stood at Rs30,946 crore in September 2026, with retail finance at 23% of the book. The company held a standalone AA-/Stable rating from all three rating agencies.

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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)

(([email protected]; Mobile: +91 9591011727;))

** 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)

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

** 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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** Shares of microfinance lender CreditAccess Grameen Ltd CRDE.NS down 12.19% to 804 rupees

** Stock on track for biggest one-day pct decline in nearly five years

** Co reports first-ever quarterly loss of 995 mln rupees ($11.52 mln) on higher credit costs and sharp rise in provisions for bad loans

** Co trims full-year return on assets forecast to 2.3%- 2.4% from 3%-3.5%

** Trimmed outlook looks "slightly optimistic" - Emkay

** India's microfinance segment sees asset quality deterioration due to over-leveraging, increase in number of loans

** CRDE's Q3 gross loan portfolio growth of 6% y/y "soft" due to "current stressed environment" - Emkay

** Stock rated 'buy' on avg by 17 analysts; median PT at 1,130 rupees - LSEG data

** With session's decline, stock extends 12-month loss to ~48.5%

($1 = 86.3800 Indian rupees)

(Reporting by Ananta Agarwal in Bengaluru)

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** Shares of CreditAccess Grameen CRDE.NS slide 8.1% to 907 rupees, set for their worst day since Feb. 2022

** Stock set to snap five-session winning run

** Goldman Sachs downgrades CRDE to "sell" from "buy", slashes PT to 564 rupees from 1,464 rupees, a Street-low per LSEG data

** Brokerage says microfinance lender's accelerating asset quality decline in Q2 a negative surprise

** Adds, asset quality to deteriorate further after newer regulations by the RBI

** Earnings visibility clouded amid asset quality concerns - Goldman Sachs

** Larger lenders IndusInd Bank INBK.NS, Kotak Mahindra Bank KTKM.NS and RBL Bank RATB.NS all flagged stress in microfinance loans-collateral-free loans given to those with an annual income of up to 300,000 rupees-in Q2 results

** Avg rating on CRDE remains "buy", median PT at 1,170 rupees - LSEG data

** CRDE drops ~43% YTD after two straight annual gains

(Reporting by Kashish Tandon in Bengaluru)

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