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Engaged Employer
CreditAccess Grameen
4.2
based on 1k Reviews
Video summary
Company Overview
Company Locations
Working at CreditAccess Grameen
Company Summary
Overall Rating
4.2/5
based on 1k reviews
5% above
industry average
Highly rated for
Company culture, Job security, Salary
Work Policy
Work from office
83% employees reported
Monday to Friday
65% employees reported
Strict timing
53% employees reported
Within city
55% employees reported
View detailed work policy
Top Employees Benefits
Job/Soft skill training
36 employees reported
Health insurance
23 employees reported
Office cab/shuttle
10 employees reported
Child care facility
6 employees reported
View all benefits
About CreditAccess Grameen
Founded in1999 (26 yrs old)
India Employee Count10k-50k
Global Employee Count10k-50k
India HeadquartersBangalore/Bengaluru, Karnataka, India
Office Locations
Websitecreditaccessgrameen.in
Primary Industry
Other Industries
View in video summary
CreditAccess Grameen Limited is a leading Indian micro-finance institution headquartered in Bangalore, focused on providing micro-loans to women customers predominantly in Rural Areas in India.
CreditAccess Grameen began its journey in a small village in Karnataka in 1999. It has followed a strategy of a contiguous district-based expansion across regions and, as of September 30,2019 it covered 213 districts in the thirteen states (Karnataka, Maharashtra, Tamil Nadu, Chhattisgarh, Madhya Pradesh, Odisha, Kerala, Goa, Gujarat, Rajasthan, Jharkhand, Bihar and Uttar Pradesh) and one union territory (Puducherry) in India through 887 branches and 7119 loan officers.
CreditAccess Grameen Ratings
based on 1k reviews
Overall Rating
4.2/5
How AmbitionBox ratings work?
5
590
4
229
3
101
2
44
1
68
Category Ratings
4.2
Company culture
4.1
Job security
4.0
Salary
4.0
Work-life balance
4.0
Skill development
3.9
Work satisfaction
3.8
Promotions
CreditAccess Grameen is rated 4.2 out of 5 stars on AmbitionBox, based on 1k company reviews. This rating reflects a generally positive employee experience, indicating satisfaction with the company’s work culture, benefits, and career growth opportunities. AmbitionBox gathers authentic employee reviews and ratings, making it a trusted platform for job seekers and employees in India.
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Gender Based Ratings at CreditAccess Grameen
based on 903 reviews
3.7
Rated by 94 Women
Rated 4.1 for Job security and 3.9 for Work-life balance
4.2
Rated by 809 Men
Rated 4.2 for Company culture and 4.1 for Job security
Work Policy at CreditAccess Grameen
based on 141 reviews in last 6 months
Work from office
83%
Hybrid
12%
Permanent work from home
5%
CreditAccess Grameen Reviews
Top mentions in CreditAccess Grameen Reviews
+ 5 more
Compare CreditAccess Grameen with Similar Companies
Change Company | Change Company | Change Company | ||
|---|---|---|---|---|
Overall Rating | 4.2/5 based on 1k reviews | 3.9/5 based on 1.9k reviews | 4.5/5 based on 6.1k reviews | 4.3/5 based on 304 reviews |
Highly Rated for | Company culture Job security Skill development | Salary Job security | Job security Skill development Work-life balance | Job security Skill development Company culture |
Critically Rated for | No critically rated category | No critically rated category | No critically rated category | No critically rated category |
Primary Work Policy | Work from office 83% employees reported | Work from office 86% employees reported | Work from office 89% employees reported | - |
Rating by Women Employees | 3.7 Good rated by 94 women | 4.0 Good rated by 89 women | 4.5 Good rated by 837 women | 3.8 Good rated by 10 women |
Rating by Men Employees | 4.2 Good rated by 809 men | 3.9 Good rated by 1.6k men | 4.5 Good rated by 5k men | 4.4 Good rated by 72 men |
Job security | 4.1 Good | 3.9 Good | 4.4 Good | 4.2 Good |
View more
CreditAccess Grameen Salaries
CreditAccess Grameen salaries have received with an average score of 4.0 out of 5 by 1k employees.
Kendra Manager
(168 salaries)
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₹1.2 L/yr - ₹3.5 L/yr
Branch Manager
(149 salaries)
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₹1.9 L/yr - ₹6.5 L/yr
Assistant Branch Manager
(121 salaries)
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₹1.9 L/yr - ₹4.8 L/yr
Area Manager
(81 salaries)
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₹3.3 L/yr - ₹9 L/yr
Junior Executive
(61 salaries)
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₹1.3 L/yr - ₹3.1 L/yr
Operations Executive
(43 salaries)
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₹1.6 L/yr - ₹3.3 L/yr
Relationship Officer
(41 salaries)
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₹1.4 L/yr - ₹3.2 L/yr
Business Development Officer
(40 salaries)
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₹1.3 L/yr - ₹2.9 L/yr
Business Analyst
(34 salaries)
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₹3.5 L/yr - ₹9.1 L/yr
Branch Credit Manager
(33 salaries)
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₹3 L/yr - ₹5.5 L/yr
CreditAccess Grameen Interview Questions
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CreditAccess Grameen Jobs
Popular Designations CreditAccess Grameen Hires for
Accountant
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CreditAccess Grameen News
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CreditAccess Grameen To Borrow $50 Million From IFC To Cover 40 Lakh More Women
- Microlender CreditAccess Grameen Ltd. to borrow $50 million from the International Finance Corp. under external commercial borrowing.
- The borrowing will help CreditAccess Grameen reach up to 40 lakh additional women borrowers, especially those engaged in agriculture and allied activities.
- The facility will strengthen CreditAccess Grameen's asset liability management position and maintain geographical diversification to tackle market volatility.
- The investment will foster greater competitiveness within India's financial sector, as per IFC country head for India and Maldives, Wendy Werner.
Bloomberg Quint | 3 Feb, 2025
CreditAccess Grameen Shares Fall To 34-Month Low After Second Cut In Guidance
- Shares of CreditAccess Grameen Ltd. fall to a 34-month low after second cut in guidance.
- The microfinance institution expects loan growth of 7-8%, lower than earlier guidance of 8-12%.
- Credit costs expected to be 6.7-6.9%, above the earlier guidance of 4.5-5%.
- CreditAccess Grameen reports first-ever quarterly loss and Nomura lowers target price to Rs 800.
Bloomberg Quint | 27 Jan, 2025
CreditAccess Grameen secures €25M from DEG and Rs 170 Cr from Citi via co-financing
- CreditAccess Grameen, a microfinance-focused NBFC, has secured €25M from DEG and Rs 170 Cr through a co-financing arrangement with Citi.
- The financing structure aims to address the funding needs of underserved communities and combines development finance and private-sector funding.
- Citi acted as the lead arranger and coordinator for the transaction, and the funds will strengthen CreditAccess Grameen's liquidity and Asset-Liability Management (ALM) position.
- The co-financing arrangement supports women micro-entrepreneurs and aligns with Citi's financial inclusion agenda in India.
Yourstory | 29 Nov, 2024
CreditAccess Grameen Raises 25 Million Euros From German Investment Corporation DEG
- CreditAccess Grameen has raised 25 million euros from German Investment Corporation DEG and Rs 170 crore from Citi via co-financing facility.
- This long-tenor co-financing arrangement strengthens CreditAccess Grameen's funding profile to provide affordable financial services to women entrepreneurs.
- Blended finance tools like co-financing help mobilize funds for sustainable development in the microfinance sector.
- CreditAccess Grameen's share price fell to its lowest level since Jan. 31, 2023, following Goldman Sachs' double downgrade of its rating and significant target price cut.
Bloomberg Quint | 29 Nov, 2024
Brokerage Views: Goldman Sachs On CreditAccess Grameen, Motilal Oswal On Ambuja Cements And More
- Goldman Sachs downgrades CreditAccess Grameen and cuts target to Rs 564 per share
- Kalyan Jewellers India, CreditAccess Grameen, Allied Blenders & Distillers, and Ambuja Cements in focus
- Bernstein and Morgan Stanley provide their insights on potential changes to insurance companies
- NDTV Profit offers live TV, stock market updates, and latest business news
Bloomberg Quint | 29 Nov, 2024
CreditAccess Grameen Share Price Hits 22-Month Low As Goldman Sachs Double Downgrades Rating
- CreditAccess Grameen's share price fell to hit its lowest level since Jan. 31, 2023 following Goldman Sachs double downgrade of its rating for the stock to a 'sell' from 'buy'. The brokerage has also cut its target price significantly.
- Goldman Sachs highlighted significant risks to CreditAccess Grameen's earnings visibility, which it attributes to several factors, including a high exposure to over-leveraged borrowers and industry-wide stress.
- The brokerage has lowered its 12-month price target for the stock by 60% to Rs 564. The new target implies a 42.9% downside from the previous close.
- Goldman Sachs predicts that credit costs for CreditAccess Grameen will rise sharply to 6.6% in fiscal 2025 and 4.5% in fiscal 2026.
Bloomberg Quint | 29 Nov, 2024
CreditAccess Grameen To Ujjivan: Microfinance Stocks Gain On New Regulations For Lending, Interest Rates
- Shares of microfinance institutions advanced in trade on Tuesday after new rules and regulations on lending, and interest rates were announced for companies that come under the ambit.
- CreditAccess Grameen and Ujjivan Small Finance Bank rose as much as 4.2% and 4.4%, respectively during the day.
- The new regulations include a reduction of maximum lenders to a single client and a prohibition on lending to clients who have defaulted for over 60 days.
- CreditAccess Grameen and Ujjivan Small Finance Bank have received positive ratings from analysts, with potential upside targets of 18.3% and 36%, respectively.
Bloomberg Quint | 26 Nov, 2024
Buy, Sell Or Hold: Paytm, HCLTech, SBI, Axis Bank, Cochin Shipyard — Ask Profit
- Rohan Mehta of Turtle Wealth and Vaishali Parekh of Prabhudas Lilladher provided insights into the future outlook of HCLTech, Axis Bank, and SBI.
- Rohan Mehta recommended buying HCLTech and Paytm, while Vaishali Parekh suggested holding on to TeamLease Services and Paytm.
- Rohan Mehta advised buying State Bank of India and CreditAccess Grameen, while Vaishali Parekh recommended accumulating Axis Bank and buying Jio Financial Services.
- Vaishali Parekh suggested averaging out Cochin Shipyard and holding BSE.
Bloomberg Quint | 23 Nov, 2024
Large MFIs see sharp rise in NPAs, lower profit in Q2
- CreditAccess Grameen (CA Grameen) reported a sharp decline in Q2 net profit, with a y-o-y fall of 46% and a q-o-q fall of 53%.
- Spandana Sphoorty, another major MFI, reported a net loss of ₹216 crore in Q2 and saw a significant increase in GNPA.
- Factors such as lack of borrower discipline, employee attrition, and adverse events have contributed to stress in the MFI sector.
- MFIs have implemented measures to tighten credit criteria and improve loan collection efforts in response to the challenges faced.
HinduBusinessLine | 7 Nov, 2024
Large MFIs see sharp rise in NPAs, lower profit in Q2
- CreditAccess Grameen (CA Grameen) reported a significant decline in net profit and increased credit cost in Q2.
- Spandana Sphoorty reported a net loss in Q2 due to higher impairment on financial instruments and a rise in GNPA.
- Factors like employee attrition, adverse events, borrower discipline issues, and increasing customer leverage contributed to MFI sector stress.
- MFIs are taking measures to tighten credit criteria, improve collections, and address asset quality concerns to mitigate the impact.
HinduBusinessLine | 7 Nov, 2024
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CreditAccess Grameen FAQs
When was CreditAccess Grameen founded?
CreditAccess Grameen was founded in 1999. The company has been operating for 26 years primarily in the NBFC sector.
Where is the CreditAccess Grameen headquarters located?
CreditAccess Grameen is headquartered in Bangalore/Bengaluru, Karnataka. It operates in 2 cities such as Bangalore / Bengaluru, Belgaum. To explore all the office locations, visit CreditAccess Grameen locations.
How many employees does CreditAccess Grameen have in India?
CreditAccess Grameen currently has more than 19,000+ employees in India. Finance & Accounting department appears to have the highest employee count in CreditAccess Grameen based on the number of reviews submitted on AmbitionBox.
Does CreditAccess Grameen have good work-life balance?
CreditAccess Grameen has a work-life balance rating of 4.0 out of 5 based on 1,000+ employee reviews on AmbitionBox. 79% employees rated CreditAccess Grameen 4 or above on work-life balance. This rating reflects the company's efforts to help employees maintain a healthy balance between their personal and professional lives. We encourage you to read CreditAccess Grameen work-life balance reviews for more details
Is CreditAccess Grameen good for career growth?
Career growth at CreditAccess Grameen is rated fairly well, with a promotions and appraisal rating of 3.8. 79% employees rated CreditAccess Grameen 4 or above, while 21% employees rated it 3 or below on promotions/appraisal. Though the sentiment is mixed for career growth, majority employees have rated it positively. We recommend reading CreditAccess Grameen promotions/appraisals reviews for more detailed insights.
What are the pros of working in CreditAccess Grameen?
Working at CreditAccess Grameen offers several advantages that make it an appealing place for employees. The company is highly rated for company culture, job security and salary & benefits, based on 1,000+ employee reviews on AmbitionBox.
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