Creditaccess Grameen Limited Announces Appointment of Mr. George Joseph, Independent Director as Vice Chairman and Lead Independent Director
February 11, 2021 at 08:05 am
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The Board of Directors of the CreditAccess Grameen Limited has, at its meeting held on, February 11, 2021 considered and unanimously approved appointment of Mr. George Joseph, Independent Director as the Vice Chairman and Lead Independent Director of the Company.
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).