CreditAccess Grameen: Business Overview & Financial Analysis
CreditAccess Grameen is a premier microfinance institution in India headquartered in Bengaluru, Karnataka. Promoted by CreditAccess India N.V., the company delivers collateral-free micro-loans to low-income households, primarily focusing on rural women entrepreneurs through a Joint Liability Group (JLG) lending framework. Operating an extensive branch network across 16 states and Union Territories, CreditAccess Grameen provides income-generating loans, individual micro-business loans, affordable housing finance, two-wheeler loans, and family welfare credit solutions.
Key Performance Ratios of CreditAccess Grameen (Q1 FY2027)
CreditAccess Grameen monitors capital adequacy, net interest margins, asset quality, and profitability metrics across its rural micro-lending operations.
- Capital Adequacy Ratio (CRAR) – 28.50% (Tier-I CRAR: 27.80%)
- Net Interest Margin (NIM) – 12.80%
- Portfolio Spread – 11.20%
- Gross Stage 3 Assets (GNPA) Ratio – 1.48%
- Net Stage 3 Assets (NNPA) Ratio – 0.38%
- Provision Coverage Ratio (PCR) – 74.50%
- Cost to Income Ratio – 31.20%
- Return on Assets (ROA) – 4.85%
- Return on Equity (ROE) – 22.40%
The institution maintained a capital adequacy ratio of 28.50% as of June 30, 2026, well above statutory mandates. Net interest margins expanded to 12.80%, while Gross Stage 3 assets held low at 1.48%, reflecting underwriting discipline across rural JLG lending circles.
Assets Under Management & Loan Portfolio Mix of CreditAccess Grameen (Q1 FY2027)
CreditAccess Grameen structures its loan portfolio around core group-based microfinance loans, individual business loans, and non-microfinance retail assets.
- Microfinance (JLG Group Loans) Share – 84.5% of Total AUM
- Individual Retail Loans (IRL) Share – 11.8% of Total AUM
- Affordable Housing & Two-Wheeler Loans Share – 3.7% of Total AUM
- Total Assets Under Management (AUM) – Rs 26,850.00 crore (+21.8% YoY)
- Total Active Borrower Accounts Base – 48.50+ lakh active women borrowers
- Average Outstanding Loan Per Borrower – Rs 52,400
Assets Under Management expanded 21.8% year-on-year to Rs 26,850.00 crore in Q1 FY2027, serving over 48.50 lakh active women borrowers. Group-based microfinance loans form 84.5% of total credit dispatches, maintaining an average ticket size of Rs 52,400 per customer account.
Geographic Reach & Branch Network Scale of CreditAccess Grameen (Q1 FY2027)
CreditAccess Grameen operates a widespread rural branch infrastructure across Southern, Western, and Central Indian states.
- Total Operational Branch Network – 1,985 operational branches
- Total Customer Touchpoints & Centers Base – 380,000+ weekly/fortnightly center meeting locations
- Karnataka Home State Share – 32.5% of Total AUM
- Maharashtra Share – 21.4% of Total AUM
- Tamil Nadu Share – 15.2% of Total AUM
- Madhya Pradesh & Gujarat Share – 14.8% of Total AUM
- Other Expansion States Share (UP, Bihar, Rajasthan, Odisha) – 16.1% of Total AUM
Branch operations span 385+ districts in 16 states, with Karnataka and Maharashtra driving baseline disbursements. Network expansion focuses on deepening branch density in Northern and Eastern Indian rural markets.
Liability Profile & Borrowing Mix of CreditAccess Grameen (Q1 FY2027)
CreditAccess Grameen diversifies its debt funding sources across commercial bank term loans, foreign currency borrowings, and debt capital market instruments.
- Domestic Commercial Bank Term Loans Share – 52.0% of Total Borrowings
- Foreign Currency Borrowings & ECBs Share – 18.5% of Total Borrowings
- Non-Convertible Debentures (NCDs) Share – 15.2% of Total Borrowings
- NABARD & SIDBI Refinance Share – 8.8% of Total Borrowings
- Direct Assignment (DA) & Securitization Share – 5.5% of Total Borrowings
- Total Outstanding Debt Borrowings Base – Rs 21,850.00 crore
- Weighted Average Cost of Borrowing – 9.45% (compressed by 15 bps QoQ)
Domestic bank term loans and foreign currency ECBs fund seven-tenths of total debt liabilities. The weighted average cost of borrowing compressed to 9.45% in Q1 FY2027, supported by 'IND AA+ / Stable' and 'CRISIL AA+ / Stable' credit ratings.
Latest Quarterly Financial Performance of CreditAccess Grameen (Q1 FY2027)
CreditAccess Grameen recorded top-line interest income expansion and net profit growth during the first quarter of FY2027.
- Total Revenue from Operations – Rs 1,485.40 crore (+22.5% YoY)
- Net Interest Income (NII) – Rs 885.20 crore (+24.2% YoY)
- Pre-Provisioning Operating Profit (PPOP) – Rs 612.40 crore (+26.8% YoY)
- Standalone Net Profit After Tax (PAT) – Rs 398.50 crore (+28.4% YoY)
- Annualised Return on Assets (ROA) – 4.85%
First-quarter Net Interest Income expanded 24.2% year-on-year to Rs 885.20 crore, supported by 21.8% growth in AUM. Standalone Net Profit After Tax reached Rs 398.50 crore, producing an annualized Return on Assets of 4.85%.
Standalone Annual Financial Performance of CreditAccess Grameen (FY2026)
CreditAccess Grameen achieved record full-year operational turnover and net profitability for full financial year FY2026.
- Full Year Total Revenue from Operations – Rs 5,450.40 crore (+24.8% YoY)
- Full Year Net Interest Income (NII) – Rs 3,285.20 crore (+25.4% YoY)
- Full Year Operating Profit – Rs 2,280.50 crore (+27.2% YoY)
- Standalone Net Profit After Tax (PAT) – Rs 1,485.20 crore (+31.2% YoY)
- Return on Equity (ROE) – 22.80%
Full-year operating turnover crossed Rs 5,450 crore in FY2026, as standalone Net Profit After Tax expanded 31.2% to Rs 1,485.20 crore. Operational execution was supported by AUM expansion, high collection efficiency, and low credit costs.
Capital Structure & Balance Sheet Health Ratios of CreditAccess Grameen (Q1 FY2027)
CreditAccess Grameen operates a well-capitalized balance sheet with conservative leverage ratios and surplus liquidity buffers.
- Total Consolidated Net Worth Base – Rs 7,250.00 crore
- Debt to Equity Ratio – 2.95x
- Total Liquidity Buffer Reserve – Rs 3,450.00 crore
- Credit Rating Status – 'IND AA+ / Stable' (India Ratings) and 'CRISIL AA+ / Stable'
- Capital Adequacy Ratio (CRAR) – 28.50%
Total net worth expanded to Rs 7,250.00 crore as of June 30, 2026, with debt to equity holding low at 2.95x. Credit ratings of 'AA+ / Stable' reflect balance sheet strength and unavailed bank lines of Rs 3,450.00 crore.
Management Commentary & Strategic Outlook of CreditAccess Grameen (Q1 FY2027 Concall)
Management guidance outlines strategic priorities centered on AUM growth, individual loan scaling, and risk management.
- Management targets achieving a 20%–22% annual AUM growth trajectory over the FY2027–FY2029 period.
- Individual Retail Loan (IRL) share in total advances is targeted to reach 15% over the next 2 to 3 years.
- Portfolio spreads are guided to sustain within the 11.00%–11.50% corridor through yield management.
- Branch network expansion will add 100–150 new branches annually in Northern and Eastern rural markets.
- Credit costs are projected to remain range-bound below 1.50% of average AUM.
Management anticipates steady credit demand among rural women entrepreneurs to support loan dispatches. Operational focus centers on expanding physical branch density in non-South markets, scaling individual retail loans, and preserving balance sheet asset quality.
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Sources & References
- CreditAccess Grameen Q1 FY2027 Unaudited Financial Disclosures (July/August 2026)
- CreditAccess Grameen Q1 FY2027 Investor Presentation (July/August 2026)
- CreditAccess Grameen Q4 & Full Year FY2026 Audited Financial Disclosures (May 2026)
- BSE Limited & National Stock Exchange of India (NSE) Corporate Filings for CreditAccess Grameen
- Ticker Finology CreditAccess Grameen Page
Disclaimer
The information presented above on CreditAccess Grameen has been compiled from the company's Annual Reports, Investor Presentations, Earnings Call (Concall) Transcripts, official regulatory filings and the financial data available on Finology Ticker. Certain figures, classifications or comparisons may vary due to differences in accounting policies, reporting methodologies or subsequent restatements by the company. This content is intended solely for informational purposes and should not be considered as investment advice. Investors are advised to refer to the latest company filings and the updated financial data, ratios and disclosures available on this Finology Ticker CreditAccess Grameen page before making any investment decision. Investment in securities market are subject to market risks. Read all the related documents carefully before investing.