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CREDITACCESS FUNDING
Forget the noise: These 54 smallcap stocks attracted FII buying in March quarterForeign institutional investors are strategically buying into beaten-down smallcap stocks in India, increasing stakes in 54 companies despi...
NBFCs doing well, but Iran war, margins cloud road aheadNon-banking finance companies anticipate strong growth in the upcoming quarter. However, rising funding costs may limit profit margins. Ana...
CreditAccess Grameen signs pact with global banks to raise $75 millionCreditAccess has secured over $300 million in commitments this fiscal. HSBC arranged a social loan facility for the company. These funds wi...
CreditAccess Grameen shares rally over 4% after securing $100 million syndicated loan from Asian banksCreditAccess Grameen has secured a $100 million syndicated loan from a consortium of Asian banks, led by Standard Chartered. The dual-curre...
CreditAccess Grameen raises $50 million debt from IFCCreditAccess Grameen has secured a $50 million investment from IFC, bolstering confidence in the microfinance sector. This funding enables ...
Credit Access Grameen raises Rs 990 crore via selling NCDsThe lender had announced Rs 400 crore as the base issue size with an option to retain oversubscription up to Rs 600 crore.
CreditAccess Grameen to raise up to Rs 1000 crore via NCDsThe lender will be offering 9.1% interest rate on bonds with 24 months maturity while the rate will be higher at 9.7% for 60 months. The is...
Small caps Borosil, Vishnu Chemicals make the cut in MF July shopping list. Granules India takes leaveAmong the top additions for mutual funds in the small cap space were Eric Lifesciences, PVR Inox, CreditAccess Grameen, Amara Raja Batterie...
CreditAccess Grameen shares tumble over 6% on reports of promoter selling stakeShares of CreditAccess Grameen fell over 6% after reports emerged that the promoter, Credit Access BV, plans to sell a 5.8% stake in the co...
CreditAccess raises $20 million from OeEB"This marks the third ESG-linked loan in our inclusive finance journey with $80 million raised so far," managing director Udaya Kumar Hebba...
Fusion Micro with rural focus a good bet for high-risk investorsFMF is the second largest pure-play micro-finance company in the country after CreditAccess Grameen, with a focus on the fast-growing rural...
CreditAccess Grameen raises Rs 50 crore from WaterCredit Investment Fund 3CreditAccess raised the fund in rupee-denominated bonds at 9.7 percent annual rate. The fund is raised for three years. Managing director U...
CreditAccess Grameen invests Rs 150 crore in MaduraIndia's largest NBFC-MFI has invested the fund in the form of subordinate debt on Tuesday, the company said in a regulatory disclosure to s...
CreditAccess Grameen to infuse Rs 250 crore in subsidiary Madura Micro Finance"This is a precautionary measure. We want to ensure that Madura has adequate growth capital till it is merged with us," CreditAccess Gramee...
CreditAccess Grameen raises $25 mn ECB from Swedfund InternationalThe first tranche of $15 million had already been disbursed. This is the first foreign currency ECB for India's largest NBFC-MFI by gross l...
Want to play BFSI? Many analysts say their best bets are MFI stocksWhile the MFI sector has expanded at a trailblazing 26 per cent CAGR over the past decade, penetration levels remain below 40 per cent on a...
Microfinance stocks shine through the NBFC gloomIn the case of Spandana and CreditAccess, 95% and 86% borrowers are from rural areas.
Microfinance companies plan to create common pool of assets for securitisationSecuritisation is a process of pooling loan receivables and selling their related cash flows to third party investors as securities.
MFIs plan to create common pool of assets for securtisationThe common pool, essentially by smaller MFIs, is aimed at creating economies of scale and making it easier for banks to buy it.
Grameen Koota gets Rs 250 crore capital from CreditAccess AsiaGrameen Koota managing director Udaya Kumar told ET that it received Rs 50cr in form of fresh equity and the balance Rs 200cr in the form o...