CreditAccess Grameen has completed a Direct Assignment of Rs 275.28 crore on February 13, 2019. With this transaction, the company has completed six securitization and four Direct Assignment transactions totaling to Rs 1,573.22 crore in FY19. The entire Direct Assignment pool qualifies for Priority Sector treatment as per the guidelines prescribed by the Reserve Bank of India.
CreditAccess Grameen is a leading Indian micro-finance institution headquartered in Bangalore, focused on providing micro-loans to women customers predominantly in Rural Areas in India. Its wide range of lending products addresses the critical needs of its customers throughout their life cycle and includes income generation, family welfare, home improvement and emergency loans.
