Creditaccess Grameen Limited Appoints Ganesh Narayanan as CEO
July 25, 2023 at 12:47 am EDT
Share
CreditAccess Grameen Limited announced that it's Deputy Chief Executive Officer & Chief Business Officer, Mr. Ganesh Narayanan will be transitioning as the Chief Executive Officer (CEO) effective 1st August 2023 for a period of five years subject to the shareholders' approval. CA Grameen's current Managing Director & CEO Mr. Udaya Kumar Hebbar will continue to lead as
the Managing Director. CA Grameen has empowered millions of women from the grassroots since its inception in 1999 and has played an instrumental role in advancing the financial inclusion agenda through its affordable products and services. Now, as the Company looks to further expand its scale and also foray into non-microfinance products, Ganesh is well-positioned to assume leadership and navigate the Company into the next phase of growth. Ganesh comes with a rich experience of 25 years spanning strategic planning and spearheading several key businesses in his leadership roles with ICICI Bank Ltd, Fullerton India Credit Co. Ltd. (now SMFG India Credit) and Yes Bank Ltd. He has extensive experience in Rural & Agriculture Banking, Microfinance and Financial Institutions space. He has been associated with CA Grameen since January 2020, managing organisational responsibilities across Microfinance & Retail Business, Operations, Human Resources, Administration, Government & Public Relations. He holds a Master's Degree in Management and a Bachelor's Degree in Electronics.
CreditAccess Grameen Limited is an India-based microfinance company focused on providing micro-loans to women customers predominantly in rural areas. The Company operates in approximately 353 districts in 14 states and one union territory in India through 1,826 branches. The Company operates in a single business segment that is lending to members. Its microfinance group lending products include income generation loan, home improvement loan, family welfare loan and emergency loan. The Company's microfinance individual lending product is Unnati loan. Its retail finance products include grameen vikas loan, grameen two-wheeler loan, gruha vikas loan and grameen swarna loan. The Company's distributor products include grameen suraksha, life insurance and national pension scheme (NPS) - Swavalamban. It has tied up with various insurance service providers, including HDFC Life and Kotak Life to provide insurance coverage to customers and spouse/co-borrowers (applicable for retail finance).