CreditAccess Grameen Limited Announces Company Secretary and Compliance Officer Changes
January 22, 2020 at 11:09 am
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CreditAccess Grameen Limited that Mr. Syam Kumar R Company Secretary and Compliance officer of the Company has resigned with effect from the closing business hours on January 22, 2020 and Mr. M. J. Mahadev Prakash (ACS: 16350), has been appointed as Company Secretary and Compliance officer of the Company in terms of the provision of Section 203 of the Companies Act, 2013 and Regulation 6 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 with immediate effect.
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).