CREDITACCESS GRAMEEN LIMITED has informed the Exchange regarding a press release dated August 06, 2025, titled "CreditAccess Grameen appoints Mr. Ganesh Narayanan as MD & CEO; Mr. Udaya Kumar Hebbar joins the Board as Non-Executive Director".
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CreditAccess Grameen, India's largest NBFC-MFI, has received RBI approval to formally appoint Mr. Ganesh Narayanan as Managing Director and CEO for a five-year term, effective August 5, 2025. Mr. Narayanan has been with the company since January 2020 as Chief Business Officer and was serving as CEO since August 2023, so this is a formal elevation of an internal leader with 27+ years of banking and financial services experience (including stints at ICICI Bank, Fullerton India, and YES Bank). Mr. Udaya Kumar Hebbar has also joined the board as a Non-Executive (Nominee) Director, providing strategic continuity. Both appointments were previously cleared by the Board and shareholders at the AGM, with RBI approval now making them effective.
This announcement brings leadership stability and regulatory clarity, as the existing CEO's role is now formally upgraded to MD & CEO. Shareholders should view this positively as it signals continuity in strategy, though the five-year term provides long-term visibility on leadership direction.