CreditAccess Grameen Ltd., a non-banking financial company-micro finance institution (NBFC-MFI) said it had crossed ₹25,000 crore in assets under management (AUM) in the 25th year of its operations. “The AUM as on 31st March 2023 stood at ₹21,031 crore. Udaya Kumar Hebbar, Managing Director, CreditAccess Grameen, said, “Our customer-centric approach differentiated business model, robust balance sheet, and strong organisational culture have helped us to scale to new heights. The vast rural growth potential bodes well for our business as we continue to cover the length and breadth of the country to be the preferred financial partner to low-income households.”

CreditAccess Grameen crosses ₹25,000 crore in AUM

Konkan Railway Corporation (KRCL), whose infrastructure is over 25 years old, requires significant capital investment to renew and replace aging assets to ensure safe and efficient operations, Railway Minister Ashwini Vaishnaw told the Lok Sabha. Vaishnaw informed that the Ministry of Railways had approached the five shareholder states—Maharashtra, Karnataka, Goa, Kerala, and the Ministry of Railways itself—to contribute to the necessary capital expenditure or consider relinquishing their shares to the Ministry of Railways for the project. Vaishnaw confirmed that the infrastructure renewal would include upgrading critical assets such as doubling the track and rehabilitating tunnels. Goa’s state government has agreed to relinquish its share, although the other states have yet to respond. The upgrades are necessary to meet increasing traffic demands and ensure the safety and efficiency of the network.

Konkan Railway Needs Major Infra Overhaul to Ensure Safety

Microfinance lender CreditAccess Grameen’s net profit declined 85 per cent year-on-year (Y-o-Y) to ₹60.2 crore for the quarter ended June 2025 (Q1FY26), owing to contraction in net interest income and higher provisioning. Sequentially, the net profit rose 27.5 per cent from Rs 47.2 crore in the quarter ended March 2025 (Q4FY25) In an exchange filing, the company said its net interest income (NII) declined 1.6 per cent to ₹937 crore. Sequentially, NII grew 7 per cent from ₹876.1 crore in Q4FY25. Its net interest margin (NIM)

MFI CreditAccess Grameen Q1 net profit down 85% on higher provisions

CA Grameen’s asset quality weakened in 9MFY25. Collection efficiency fell to 93.3%, and write-offs rose to ₹11,240 crore. Credit cost spiked to 7.2%. Asset quality in Karnataka and regulatory risks in Tamil Nadu remain key watchpoints.


While CA Grameen’s concentration in Karnataka has reduced, it is still higher than that of its peers. Furthermore, the top three states (Karnataka, Tamil Nadu and Maharashtra) contributed 72.18% to the AUM as of December 2024. 


The issuer has made timely interest payments

Ganesh Narayanan, MD and CEO

CA Grameen, India’s largest NBFC-MFI, has a 25+ year history with ₹25,948 crore AUM and 4.8 million borrowers (March 2025). Backed by a strong board and management, it focuses on rural microfinance (84% rural base)


CA Grameen’s Tier I capital stood at 24.7% in 9MFY25, with improved leverage at 3.3x. While internal accruals dipped, recovery is expected as conditions stabilize. Leverage is capped at 4.0x, ensuring buffers against sector risks.


Security Name: 9.70% CreditAccess Grameen Limited 07 Sep 2028

ISIN: INE741K07579

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