CreditAccess Grameen raises $100 million via syndicated loan facility

THE COUNTRY'S LARGEST non-banking finance company-micro finance institution (NBFC-MFI) CreditAccess Grameen, has secured a $100 million multi-currency syndicated social loan facility, qualifying as an external commercial borrowing (ECB), under the automatic route of the Reserve Bank of India.

- FE BUREAU

The facility was initially launched for a base size of $70 million in November 2024. It achieved oversubscription, resulting in commitments being upsized to $100 million from seven banks, a press release said.