Awards and Recognition

CreditAccess Grameen has received numerous awards and recognitions for setting new paradigms for customer-centric business models and efficient operations in the microfinance industry.

2022: CA Grameen awarded for the ‘Impactful contribution in Financial Inclusion’ segment

CA Grameen bags another feather in the cap by being awarded for the ‘Impactful Contribution in Financial Inclusion’ segment by Elets at the 12th NBFC100 Tech Summit held on 24 November, 2022 in Mumbai. Mr. Ganesh Narayanan, Deputy Chief Executive Officer and Chief Business Officer along with Mr. Sudesh Puthran, Chief Technology Officer, received the award on behalf of the company. The award reflects the ethos of the institution working relentlessly towards creating women entrepreneurs and promoting inclusive growth.

2022: CA Grameen awarded as the “Best Tech of the Year” in financial services category

CA Grameen bagged the “Best Tech of the Year” recognition in the financial services category at the Quantic India’s Technology Excellence Awards held on 14 October, 2022 in Bengaluru. Mr. Sudesh Puthran, Chief Technology Officer, Mr. Ravi Rathinam, Chief Information Security Officer, and Mr. Praveen Kumar, AVP Core Banking Applications, received the award on behalf of the company. The award was bestowed for adopting effective measures to drive technological advancement, scalable infrastructure and enabling the best-in-class technological applications to effectively handle high-volume operations and serve our customers seamlessly.

2022: CA Grameen awarded as Prestigious Brands of Asia

CA Grameen has won the Prestigious Brands of Asia – 2022 award by BARC(Brand Advertising Research and Consulting) Pvt Ltd in an event held on 27 March, 2022. The award was bestowed for redefining the benchmarks in microfinance sector through our legacy and sustainability in the Asian market.

2022: Gold Shield Award for Excellence in Integrated Reporting and Reporting on SDG’s 2020-21

CA Grameen bagged the Gold Shield Award for “Excellence in Integrated Reporting and Reporting on Sustainable Development Goals for the year 2020-21” by the Institute of Chartered Accountants of India (ICAI). The award was presented by Dr. Jitendra Singh, Hon’ble Ministers of State (IC) of Earth Sciences, Science and Technology, GoI, CA. Anuj Goyal, Chairman, ICAI Research Committee, CA. Durgesh Kabra, Vice-Chairman, Sustainability Reporting Standards Board, and CA. (Dr.) Debashis Mitra, Vice-President, ICAI, in an event held on 09, February, 2022 at New Delhi.

2022: India’s 30 Best Workplaces in the Banking, Financial services and Insurance (BFSI) sector

Workplaces in the Banking, Financial services and Insurance (BFSI) sector-2022. Click here to find out what makes CreditAccess Grameen Limited a Great Workplace.

2021: CreditAccess Grameen wins the Micro Finance Organization of the Year Award 2020

CreditAccess Grameen wins the Micro Finance Organisation of the Year award by Inclusive Finance India Awards 2020 organised by ACCESS in partnership with HSBC. The company has bagged this award for the second time in a row. The 12th Inclusive Finance India Awards Presentation Ceremony was held on 21st January 2021 at Le Meridian in New Delhi in which, Mr Ganesh Narayanan, Chief Business Officer, Gururaj K S Rao, Chief Audit Officer, and Gopal Reddy, Business Head- Group Lending received the award presented by Shri Anurag Thakur, Hon’ble MoS Finance and Corporate Affairs, GoI on behalf of the company.

2020: CreditAccess Grameen wins Silver Stevie® Award for excellence in Innovation in Financial Industries

CreditAccess Grameen Limited was named the winner of a “Silver Stevie® Award” in the Award for Excellence in Innovation in Financial Industries – More than 100 Employees category in the seventh annual Asia-Pacific Stevie Awards. The Stevie Awards are widely considered to be the world’s premier business awards, conferring recognition for achievement in programs such as The International Business Awards® for 18 years.

Gold, Silver and Bronze Stevie Award winners were determined by the average scores of more than 100 executives around the world acting as judges in May and June. More than 1,000 nominations from organizations across the Asia-Pacific region were considered this year. Nicknamed the Stevie’s for the Greek word for “crowned,” the winners will be celebrated during a virtual (online) awards ceremony on Tuesday, 22 September.

2020: India’s 25 Best Workplaces in the Banking, Financial services and Insurance (BFSI) sector

CreditAccess Grameen is now one among India’s 25 Best Workplaces in the Banking, Financial services and Insurance (BFSI) sector-2020. Click here to find out what makes CreditAccess Grameen Limited a Great Workplace.

2020: CreditAccess Grameen wins CNBC-AWAAZ CEO Awards 2019

CreditAccess Grameen limited has been awarded as the “Outstanding contribution to Rural Entrepreneurship and Empowerment” at the second edition of CNBC-AWAAZ CEO Awards. This award is constituted by CNBC-AWAAZ, a leading Hindi business news channel, in association with the Government of Chhattisgarh to celebrate the spirit of entrepreneurship and recognise the achievements and contributions of corporate leaders and companies. The award was given away by Mr Bhupesh Baghel, the Chief Minister of Chhattisgarh and was received by Mr Udaya Kumar Hebbar, MD & CEO and Mr Gopal Reddy, Business Head- Group Lending, on behalf of the Company on February 7, 2020 at a function held at Raipur.

2019: CreditAccess Grameen wins Micro Finance Organization of the Year Award 2019

CreditAccess Grameen has achieved yet another feat by receiving the Micro Finance Organization of the Year Award 2019 at the Inclusive Finance India Awards 2019 held in New Delhi. This award is an initiative of ACCESS institutionalized in partnership with HSBC India. From CreditAccess Grameen, Mr. Udaya Kumar Hebbar, MD & CEO, Mr. Diwakar BR, Director-Finance & CFO, Mr. Arun Kumar B, Head- Information Technology, Mr. Srivatsa H N, Head -Operations, Mr. Nilesh Dalvi, VP- Investor Relations, received the award from Dr. Krishnamurthy Subramanian, Chief Economic Advisor, Govt. of India and Mr. Surendra Rosha, Chief Executive officer, HSBC India

2019: CreditAccess Grameen adjudged as Winner in the Best NBFC category

CreditAccess Grameen has been adjudged as the winner in the Best NBFC category at one of India’s most prestigious financial sector awards — FE Best Banks awards 2017-18. Mr. Udaya Kumar Hebbar, MD & CEO, CreditAccess Grameen, and Mr. Diwakar BR, CFO, CreditAccess Grameen received the award from Smt. Nirmala Sitharaman, Minister of Finance & Corporate Affairs.

The winners were chosen by a high-powered jury chaired by S Ramadorai, former Chairman, Tata Consultancy Services (TCS), and a team comprising R. Sankar Raman, director & CFO, Larsen & Toubro, Leo Puri, former managing director, UTI Asset Management, Biswamohan Mahapatra, former executive director, Reserve Bank of India, and Sharad Sharma, founder, Ispirt.

2019: CreditAccess Grameen awarded with ‘ and Sa-dhan Awards’ for water and Sanitation Credit Financing

The Company has achieved yet another milestone. CreditAccess Grameen Limited awarded with ‘ and Sa-dhan Awards’ for water and Sanitation Credit Financing – 2019 under ‘Large NBFC-MFI category’. The recognition was provided by recognizing the outstanding contribution for Water and Sanitation lending during FY 2018-19. The event was held on 16th September 2019, at the Sa-Dhan National Conference 2019, at India Habitat Centre, New Delhi. On behalf of all CreditAccess Grameen`s employees and the Board members, Mr. Gururaj Rao, Chief Audit Officer, Mr. Sundar Arumugam, Head-New Business and Innovation and Mr. Gopal Reddy, VP-Operations received the award.

2017: Grameen Koota receives the SKOCH Resilient India Award 2017

June 2017: Grameen Koota won the SKOCH Resilient India Award 2017 for Sanitation. The Award was presented on 20 June 2017 at the Bombay Stock Exchange (BSE) Hall by Sameer Kochhar, Chairman of SKOCH Group and Porush Singh, Division President – South Asia, Mastercard. Diwakar BR (CFO, Grameen Koota), Anshul Sharan (Head- Strategy & Planning) and Sujay CT (Strategy & Planning) received the Award on behalf of the organization.

Managing Director & CEO Udaya Kumar said, “We are delighted to receive the SKOCH Award and the Order of Merit. It validates our core principle of social responsibility to our stakeholders.”

Grameen Koota also received the Order of Merit in two categories: Microcredit service and Sanitation. The SKOCH Order of Merit recognized and appreciated Grameen Koota’s efforts in delivering financial products and services to the last mile.

2017: Grameen Koota receives the ISC FICCI 2017 Award for Best Financial Accessibility for Sanitation

April 2017: Grameen Koota bagged the ISC FICCI 2017 Award for Best Financial Accessibility for Sanitation. Sumit Kumar, Director, Grameen Koota received the award from the Union Minister for Railways, Suresh P. Prabhu on Thursday, April 27, 2017 at a ceremony during the India Sanitation Conclave 2017 held in New Delhi. Diwarkar BR, CFO, Grameen Koota and Anshul Sharan, Head – Strategy, Grameen Koota, were present at the ceremony.

In its award citation, the India Sanitation Coalition (ISC) said: “Grameen Koota has been recognized for increasing financial accessibility in rural Karnataka and Maharashtra through their three-pronged approach – Creating awareness among all people in operational areas of Grameen Koota, Imparting training on various aspects of Sanitation and Providing access to affordable credit for toilet construction to interested Grameen Koota customers.”

Access to affordable finance has resulted in over 6 lakh Grameen Koota members improving water and sanitation systems in their homes.

2015: Grameen Koota Gets Top Microfinance India Award 2015

Grameen Koota was awarded the Microfinance Organization of the Year (Large) 2015, at the 7th edition of the Microfinance India Awards ceremony held as part of the Inclusive Finance India Summit on Tuesday in New Delhi. The award honours those MFIs which have contributed positively to the growth of the industry and maintained transparency and customer-centric approach. 

Hon’ble Minister of State for Finance, Mr. Jayant Sinha presented the award to our MD&CEO, Mr. Udaya Kumar Hebbar.

2014: Grameen Koota gets awarded with MIX 2013 STAR recognition

Grameen Koota got acknowledged for the 3rd time in a row by MIX for its outstanding performance in social sector. Grameen Koota has been bestowed with the honor of being one of the only 5 Indian institutions which have been recognized as MIX 2013 Socially Transparent And Responsible (S.T.A.R.) MFI. It’s one of the 30 institutions out of the 200+ MFIs, which participated in the desk review process globally, to have been awarded with STAR recognition.

2013: Grameen Koota recognized as ‘Achiever’ by Truelift

After undergoing Truelift Assessment at the Microcredit Summit Campaign’s Partnerships against Poverty Summit, Grameen Koota was awarded with its Truelift Certification acknowledging it at ‘Achiever’s level’, out of the four Truelift milestones, for its commitment to pro-poor microfinance practices.

Truelift through this certification not only recognized the efforts made by Grameen Koota to put welfare of clients at the centre of microfinance but also demonstrated that the institution is responsible, effective and committed towards bringing about total financial inclusion to promote inclusive growth and poverty alleviation. M-CRIL conducted the True lift Assessment using the tool developed by TrueLift to form an opinion of an MFI’s performance.

2013: Grameen Koota awarded the Seal of Transparency

In September Grameen Koota was awarded the official Seal of Transparency from MFTransparency as part of its Transparent Pricing Initiative in India. As per MF Transparency Grameen Koota’s firm commitment to consumer protection and responsible microfinance was primarily the basis of awarding the seal to the organization.

MicroFinance Transparency is an international non-governmental organization founded in 2008 with the purpose of facilitating transparent markets through the dissemination of true cost information to all market stakeholders. MFTransparency represents an industry movement toward fair practices and responsibility. MFTransparency launched the Transparent Pricing Initiative in India in April 2010 with widespread support from a range of industry actors as sponsors of the Initiative. The Indian microfinance market as a whole has shown a strong commitment to developing an enabling environment for transparent pricing. MFTransparency awards transparency certification to all MFIs who submit data and commit to educating their clients on pricing.

2010: Ranked #1 Micro-finance Institution in India and #4 worldwide – by MIX

Grameen Koota was placed fourth in the rank of top 100 microfinance institutions in the world by the global Microfinance Exchange (MIX) in terms of performance in 2009. This year, 20 MFIs from India figured in the list of top 100 MFIs ranked by the MIX with Grameen Koota topping Indian MFIs. Grameen Koota jumped from a rank of 180 in 2008 to 4 in 2009 with an overall percentile of 82.2% from its last year’s 68.9%.

2009: Ranked among the top 10 MFIs in the country – by CRISIL

2007: Ranked 19th best in the first ever list of Top 50 micro-finance institutions in the world – by Forbes