CreditAccess Grameen Limited announced the successful closure of a USD 75 million syndicated social loan facility on March 10, 2026. This funding, qualifying as an ECB under the automatic route, reinforces the company’s commitment to inclusive growth. HSBC acted as the Sole Mandated Lead Arranger. The proceeds will support social projects aligned with the Social Loan Principles 2023, advancing the mission of resilient development across communities.
CreditAccess Grameen Secures Major Foreign Funding
CreditAccess Grameen Limited (CA Grameen), India’s largest NBFC-MFI, announced on March 10, 2026, that it has signed a significant syndicated social loan facility totaling USD 75 million. This transaction is classified as an External Commercial Borrowing (ECB) and was routed through the automatic route prescribed by the Reserve Bank of India (RBI).
The transaction involved major international participation, with HSBC serving as the Sole Mandated Lead Arranger and Bookrunner. Other key participants included Doha Bank (Qatar), State Bank (Mauritius) Ltd., Bank of China Ltd. (China), and National Development Bank Plc (Sri Lanka). This move highlights CA Grameen’s continued success in securing innovative international financing solutions.
Impact on Liability Franchise and Growth
With this new facility, CA Grameen has successfully secured over USD 300 million in commitments from global banks, development financial institutions, and impact investors during the fiscal year FY 2025-26. This achievement means the company has now met over 15% of its total borrowing requirements for FY 2025-26 through foreign sources, significantly diversifying its liability franchise.
The funds will be deployed strictly under the CA Grameen’s Social Loan Framework, which has been independently validated by Sustainalytics with a second-party opinion, ensuring transparency and alignment with social development goals.
Management Commentary on Strategic Funding
Mr. Nilesh Dalvi, Chief Financial Officer, stated that the offshore financing strengthens the company’s global funding reach. The foreign currency borrowings, with tenures ranging from 3–5 years, are expected to significantly enhance the Asset-Liability Management (ALM) profile and liquidity. Mr. Dalvi noted that sustained relationship building has allowed the company to increase its share of foreign borrowings from 9% to 24% over the last five years, while concurrently reducing the incremental cost of funds.
Ms. Lalitha A Lodaya, Regional Director – International Mid-Market, South India, expressed delight in closing the financing, stating that strong participation from diverse lenders underscores market confidence in the sector’s resilience and CA Grameen’s robust asset quality and growth strategy.
About CreditAccess Grameen
CreditAccess Grameen Limited is a leading Indian microfinance institution headquartered in Bengaluru. The company focuses on providing micro-loans and retail lending solutions primarily to women customers in rural areas across India. As of the announcement date, CA Grameen operates across 450 districts in 16 states and one union territory, managing 2,222 branches. Its promoter is CreditAccess India B.V., specializing in micro and small enterprise financing.
Source: BSE
