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Engaged Employer
CreditAccess Grameen
4.2
based on 1k Reviews
Company Overview
Company Locations
Working at CreditAccess Grameen
Company Summary
Overall Rating
4.2/5
based on 1k reviews
6% above
industry average
Highly rated for
Company Culture, Job Security, Salary & Benefits
Work Policy
Work from office
82% employees reported
Monday to Friday
66% employees reported
Strict timing
52% 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
11 employees reported
Child care facility
7 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
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.
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CreditAccess Grameen Ratings
based on 1k reviews
Overall Rating
4.2/5
How AmbitionBox ratings work?
5
575
4
222
3
99
2
43
1
63
Category Ratings
4.2
Company Culture
4.2
Job Security
4.1
Salary & Benefits
4.0
Work-Life Balance
4.0
Skill Development
3.9
Work Satisfaction
3.8
Promotions/Appraisal
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.
Read more
Gender Based Ratings at CreditAccess Grameen
based on 873 reviews
3.8
Rated by 90 Women
Rated 4.0 for Job Security and 3.9 for Work-Life Balance
4.3
Rated by 783 Men
Rated 4.2 for Company Culture and 4.2 for Job Security
Work Policy at CreditAccess Grameen
based on 119 reviews in last 6 months
Work from office
82%
Hybrid
14%
Permanent work from home
4%
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 1.8k reviews | 4.5/5 based on 5.9k reviews | 4.3/5 based on 303 reviews |
Highly Rated for | Company culture Job Security Salary & Benefits | Salary & Benefits Job Security | Job Security Company culture Work-Life balance | Job Security Company culture Skill development |
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 82% employees reported | Work from office 87% employees reported | Work from office 89% employees reported | - |
Rating by Women Employees | 3.8 Good rated by 90 women | 4.0 Good rated by 84 women | 4.5 Good rated by 811 women | 3.8 Good rated by 10 women |
Rating by Men Employees | 4.3 Good rated by 783 men | 3.9 Good rated by 1.5k men | 4.5 Good rated by 4.8k men | 4.4 Good rated by 71 men |
Job Security | 4.2 Good | 3.9 Good | 4.4 Good | 4.2 Good |
View more
CreditAccess Grameen Salaries
4.1
rated by 1k employees for salariesKendra Manager
(161 salaries)
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₹1 L/yr - ₹3.5 L/yr
Branch Manager
(157 salaries)
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₹1.9 L/yr - ₹6.5 L/yr
Assistant Branch Manager
(117 salaries)
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₹1.9 L/yr - ₹4.4 L/yr
Area Manager
(81 salaries)
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₹3.3 L/yr - ₹9 L/yr
Junior Executive
(49 salaries)
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₹1.5 L/yr - ₹3.1 L/yr
Operations Executive
(42 salaries)
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₹1.6 L/yr - ₹3.4 L/yr
Business Development Officer
(40 salaries)
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₹1.3 L/yr - ₹2.9 L/yr
Relationship Officer
(39 salaries)
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₹1.4 L/yr - ₹3.2 L/yr
Business Analyst
(35 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
Interview questions by designation
Top CreditAccess Grameen interview questions and answers
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Interview Process at CreditAccess Grameen
based on 10 interviews in last 1 year
Interview Experience
4.1
Good
Difficulty level
Easy
43%
Moderate
43%
Hard
14%
People are getting interviews through
based on 22 CreditAccess Grameen interviews
Job Portal
36%
Walkin
32%
Referral
9%
Company Website
9%
*14% candidates got the interview through other sources
High confidence
CreditAccess Grameen Jobs
CreditAccess Grameen News
View all
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
It’s raining earnings downgrades as India's economy slows
- Over 60% of the 98 firms tracked by Jefferies Financial Group had their earnings per share estimates downgraded.
- Rising defaults in unsecured loans lead lenders to reconsider their strategy, impacting stock prices of companies like CreditAccess Grameen and Equitas Small Finance Bank.
- Nifty's software exporters had a 3% decline, trading above Covid-era valuation peaks despite growth not being at those levels.
- The short-term correlation between Indian and US stocks weakens, potentially reducing the impact of US stock market gyrations on Indian stocks.
HinduBusinessLine | 4 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. 80% 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. 80% employees rated CreditAccess Grameen 4 or above, while 20% 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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