CREDITACCESS GRAMEEN LIMITED has informed the Exchange regarding 'Completion of Transaction of Rs. 327.60 Crore through Direct Assignment of portfolio loans'.
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CreditAccess Grameen has completed two Direct Assignment transactions worth Rs. 327.60 Crore in June 2025. Direct Assignment is a method where the company sells its loan portfolio to other banks or financial institutions, and these pools qualify for Priority Sector status under RBI guidelines. For the full quarter ending June 2025, the company raised a total of Rs. 2,570.06 Crore across Term Loans (Rs. 1,673.80 Cr), ECBs (Rs. 442.20 Cr), Cash Credits (Rs. 126.46 Cr), and Direct Assignments (Rs. 327.60 Cr). This shows the company continues to actively diversify its borrowing mix to fund its microfinance lending operations.
This is a routine fund-raising update and signals steady access to credit for the company's microfinance business. It is positive for shareholders as it shows the company can raise capital from multiple sources to support loan growth, with no negative implications for the stock.