CreditAccess Grameen Limited is India's largest NBFC-MFI serving low-income households through joint liability group lending models. In March 2026, the company announced a significant syndicated social loan facility totaling USD 75 million, demonstrating access to global capital markets. The company's net profit swung to Rs 252.1 crore in Q3 FY26, compared with a loss of Rs 99.5 crore in Q3 FY25, signaling operational recovery.
Cyborg Score Rationale
CreditAccess Grameen reported strong operational performance for FY26, led by healthy disbursement growth, portfolio expansion and improvement in asset quality, with overall X-bucket collection efficiency at 99.84% in March 2026. However, the company has a low return on equity of 13.8% over the last 3 years, and recent financials show a sharp decline in profitability despite steady loan book growth.
Top Insights
Asset quality normalized across geographies with 99.84% X-bucket collection efficiency (March 2026), indicating strong recovery from prior stress.
Q3 FY26 profit turnaround: net profit of Rs 252.1 crore vs. loss of Rs 99.5 crore in Q3 FY25; PAT more than doubled sequentially from Q2 FY26.
Secured USD 75 million syndicated social loan facility (March 2026) with HSBC as Sole Mandated Lead Arranger and global bank participation (Doha Bank, SBI Mauritius, Bank of China, NDB Sri Lanka).
Market leader position: 6.9% microfinance industry market share with scale across 2,236 branches in 17 states.
Named Competitors
Jana Small Finance Bank — Rural microfinance and small finance banking
Capital Small Finance Bank — Small finance banking and microfinance services
Suryoday — Microfinance and small enterprise lending
Recent Developments
(June 2026) Chief Compliance Officer appointment: Devika Praveen appointed effective 11 June 2026.
(April 2026) Strong Q4 FY26 results: net profit of Rs 252.1 crore in Q3 FY26 vs. loss of Rs 99.5 crore in Q3 FY25; 100.4% sequential PAT growth from Q2 FY26.
(March 2026) Secured USD 75 million syndicated social loan facility with HSBC and international banks.
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