HSBC acted as the Sole Mandated Lead Arranger and Bookrunner, with participation from HSBC (Gift City), Doha Bank (Qatar), State Bank (Mauritius), Bank of China, and National Development Bank (Sri Lanka).
The facility reinforces CA Grameen’s track record in raising international funds through innovative financing and strengthens its liability diversification strategy. In FY 2025-26, the company has secured over $300 million in commitments from global banks, development financial institutions, and impact investors, meeting more than 15% of its borrowing requirements through foreign sources.
Proceeds from the loan will be deployed under CA Grameen’s Social Loan Framework, aligned with the Social Loan Principles 2023, ensuring transparency, defined social development goals, and strong governance. Sustainalytics provided a second-party opinion validating the framework’s credibility and impact. The loan will fund eligible social projects, advancing CA Grameen’s mission of inclusive and resilient development across communities.
Speaking about the fundraise, Nilesh Dalvi, chief financial officer (CFO), CreditAccess Grameen, said, “We are pleased to partner with HSBC, having successfully secured offshore financing that further strengthens our global funding reach. The foreign currency borrowings, with a tenure of 3–5 years, significantly enhance our asset-liability management (ALM) profile and liquidity position. Our sustained efforts to build strong relationships with leading global lending institutions have enabled us to increase the share of foreign borrowings from 9% to 24% over the past five years, while consistently reducing our incremental cost of funds. This disciplined approach allows us to extend affordable financing solutions to our microfinance customers and deepen our commitment to financial inclusion.”
Lalitha A Lodaya, Regional Director – International Mid-Market, South India said ““We are delighted to have successfully closed this syndicated financing for CreditAccess Grameen Limited, one of India’s leading NBFC-MFIs. Strong participation from a diverse group of lenders underscores the market’s confidence in the sector’s resilience and the company’s robust asset quality and growth strategy. This transaction reflects HSBC’s leadership position in the Indian NBFC space, as well as our strong structuring and distribution capabilities.”
CreditAccess Grameen is a Bengaluru-based microfinance institution focused on providing micro-loans to women customers in rural India. The company operates across more than 450 districts in 16 states and one union territory through a widespread branch-led model, with a strategic focus on disciplined growth, improving asset quality and sustainable profitability.
The company’s net profit swung to Rs 252.1 crore in Q3 FY26, compared with a loss of Rs 99.5 crore in Q3 FY25. On a sequential basis, profit after tax more than doubled, rising 100.4% from Rs 125.8 crore in Q2 FY26.