CreditAccess Grameen Limited, India’s largest NBFC-MFI, has signed a syndicated social loan facility of USD 75 million qualifying as an External Commercial Borrowing (ECB) under the automatic route of the Reserve Bank of India. HSBC served as Sole Mandated Lead Arranger and Bookrunner, with participations from HSBC (Gift City), Doha Bank (Qatar), State Bank (Mauritius) Ltd., Bank of China Ltd. (China), and National Development Bank Plc (Sri Lanka).
The company has secured over USD 300 million in commitments from global banks, development financial institutions and impact investors in FY 2025–26, reinforcing its position as a frontrunner in the NBFC space. The facility features a tenure of 3–5 years and will be deployed under CA Grameen’s Social Loan Framework, aligned with the Social Loan Principles 2023. Sustainalytics provided a second-party opinion validating the Framework’s credibility and impact.
The company has increased the share of foreign borrowings from 9% to 24% over the past five years while consistently reducing its incremental cost of funds. It has met over 15% of its borrowing requirements in FY 2025–26 through foreign sources. The proceeds will support eligible social projects, advancing the company’s mission of inclusive and resilient development across its network of 2,222 branches operating across 450 districts in 16 states and one union territory.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).
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