CreditAccess Grameen secures $100 million syndicated loan from South Asian and Far East banks

Economic Times

a day ago

CreditAccess Grameen has raised $100 million in external commercial borrowing from banks in South Asia and the Far East.
ADVERTISEMENT The syndicated loan facility was structured in dual currencies—Japanese yen and US dollars—and was led by Standard Chartered Bank, the company said in a regulatory filing to stock exchanges.
CreditAccess Grameen is the country's largest NBFC-MFI.
The facility was initially planned for a base size of $70 million in November 2024 but was later upgraded to $100 million, invested by seven banks, especially from Korea and Japan.
The proceeds from this issue will be directed towards eligible social projects, the company said.
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