CreditAccess Grameen has received approval to raise Rs 200 crore by issuance of Commercial Paper (CP). The tenure of the CPs will be 90 days. The Board of Directors of the Company at its meeting held on August 01, 2020 approved the same.
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.