CREDITACCESS GRAMEEN LIMITED has informed the Exchange regarding Appointment of Udaya Kumar Hebbar as Non- Executive Director of the company w.e.f. August 05, 2025.
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CreditAccess Grameen has received RBI approval for two key board appointments effective August 5, 2025. Mr. Ganesh Narayanan has been formally appointed as Managing Director & CEO for a 5-year term; he was already serving as CEO since August 2023 after joining the company in 2020 as Chief Business Officer. Mr. Udaya Kumar Hebbar has been appointed as Non-Executive (Nominee) Director, bringing over 35 years of banking experience across institutions like ICICI Bank, Corporation Bank, and Barclays. Shareholders had earlier approved both appointments at the AGM held on July 30, 2025, following initial board approval on May 16, 2025.
The RBI approval removes regulatory overhang and provides leadership continuity, with the CEO formally secured for a 5-year term. Shareholders can expect stable strategic direction as the company's top leadership positions are now fully regularised.