Creditaccess Grameen Ltd. · NSE:CREDITACC
Creditaccess Grameen — Q2 FY27 Earnings Presentation
54 slides from Creditaccess Grameen's earnings presentation, Oct 22, 2026
Slide 1: Exchange filing cover letter
Ref: CAGL/EQ/2026-27/116 October 22, 2026 To BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers Exchange Plaza, C-1, Block G Dalal Street Bandra Kurla Complex Bandra (East), Mumbai - 400001 Mumbai - 400051 Scrip code: 541770 Symbol: CREDITACC Dear Sir/Madam, Sub.: Investo
Slide 2: Q2 & H1 FY27 Investor Presentation
CreditAccess Grameen Limited Leading Rural Focused Inclusive Financing Platform Tested By Cycles, Strengthened By Purpose Q2 & H1 FY27 Investor Presentation October 2026 www.creditaccessgrameen.in
Slide 3: Disclaimer
Disclaimer By accessing this presentation, you agree to be bound by the following terms and conditions. This presentation (which may reflect some price-sensitive information in terms of SEBI regulations and Companies Act, 2013, as amended from time to time) has been prepared by CreditAccess Grameen
Slide 4: Discussion Summary
Discussion Summary ii Recent Performance – Momentum That Speaks Our Current Position – The Vantage Point Our Strategic Vision – Project “Shakti” Financial Profile – Built for Growth ESG & CSR – Our Natural Advantage 3 www.creditaccessgrameen.in
Slide 5: Q2 FY27: Key Business Highlights
Q2 FY27: Key Business Highlights Highest Quarterly Profit Crossing INR 500 Cr Milestone, Growing 5x Over Past 5 Years Key Metrics Q2 FY27 YoY% QoQ% AUM grew 19.5% YoY and 2.1% QoQ AUM (INR Cr) 30,946 19.5% 2.1% ✓ Retail Finance (RF) share at 23.3%; secured book grew 60.9% YoY to INR 695 Cr Borrowers
Slide 6: Q2 FY27: Key Performance Highlights
Q2 FY27: Key Performance Highlights PAT Up 298.7% YoY, ROA: 5.8%, ROE: 23.2% NIM C/I Ratio AUM Disbursements 15.1% 28.2% PPOP INR 30,946 Cr INR 6,355 Cr INR 970 Cr (19.5% YoY) (19.4% YoY) Wgtd. Avg. COB Opex/AUM Ratio (39.6% YoY) 9.1% 5.0% ROA CRAR Total Total Equity GNPA*: 1.79% PAT 5.8% / 5.0%** 2
Slide 7: H1 FY27: Key Performance Highlights
H1 FY27: Key Performance Highlights PAT Up 435.0% YoY, ROA: 5.9%, ROE: 23.8% NIM C/I Ratio AUM Disbursements 14.7% 28.7% PPOP INR 30,946 Cr INR 12,461 Cr INR 1,843 Cr (19.5% YoY) (15.6% YoY) Wgtd. Avg. COB Opex/AUM Ratio (36.7% YoY) 9.2% 4.9% ROA CRAR Total Total Equity GNPA*: 1.79% PAT 5.9% 26.9% I
Slide 8: Lower PAR Accretion Driving Asset Quality Normalisation
Lower PAR Accretion Driving Asset Quality Normalisation Overall Monthly PAR 15+ Accretion/AUM Rate Continuous Reduction In Credit Cost Due to Lower New PAR Accretion Credit Cost (INR Cr) Q3 FY26 Q4 FY26 Q1 FY27 Q2 FY27 0.91% 0.95% 0.84% ECL provisions (A= i+ ii) 258.9 217.5 101.5 226.6 0.46% 0.47% D
Slide 9: Consistent Improvement In PAR 15+ Accretion Trend Across All Geographies
Consistent Improvement In PAR 15+ Accretion Trend Across All Geographies Karnataka – Monthly PAR 15+ Accretion/AUM Rate Tamil Nadu – Monthly PAR 15+ Accretion/AUM Rate 0.54% 0.38% 0.22% 0.26% 0.58% 0.18% 0.22% 0.51% 0.15% 0.17% 0.17% 0.13% 0.06% 0.11% 0.12% 0.12% 0.15% 0.14% 0.19% 0.06% Jun-25 Sep-2
Slide 10: PAR Buckets At Lowest Levels Since Last 10 Quarters
PAR Buckets At Lowest Levels Since Last 10 Quarters 6.8% 6.9% 5.9% 4.9% 5.5% 4.7% 5.1% 4.4% 4.9% 4.3% 4.1% 3.8% 3.7% 3.8% 3.0% 2.5% 3.3% 3.1% 3.4% 2.2% 2.1% 1.7% 3.3% 3.3% 2.5% 2.7% 2.4% 2.9% 1.8% 2.6% 1.9% 1.6% 2.5% 2.3% 1.6% 1.4% 1.4% 1.7% 1.5% 1.3% 1.2% 1.1% 1.1% 0.9% Q4 FY24 Q1 FY25 Q2 FY25 Q3 F
Slide 11: Asset Quality Across Products Segments
Asset Quality Across Products Segments GL: IGL + OLL Q2 FY26 Q3 FY26 Q4 FY26 Q1 FY27 Q2 FY27 RF: IBL + OLL Q2 FY26 Q3 FY26 Q4 FY26 Q1 FY27 Q2 FY27 PAR 0+ 4.9% 4.8% 3.3% 2.4% 2.3% PAR 0+ 2.8% 1.8% 1.4% 1.4% 1.5% PAR 30+ 3.9% 4.2% 3.0% 2.0% 1.7% PAR 30+ 2.3% 1.5% 1.2% 1.2% 1.1% PAR 60+ 3.3% 3.8% 2.8%
Slide 12: Early Risk Recognition & Conservative Provisioning
Early Risk Recognition & Conservative Provisioning Q2 FY27 (INR Cr) Consolidated Asset Classification (dpd) EAD EAD% ECL% Macro-prudential provisioning buffer: Stage 1 0 – 15 (GL), 0 – 30 (RF) 29,883.3 97.8% 1.88% Stage 2 16 – 60 (GL), 31 – 90 (RF) 140.6 0.5% 58.7% • Total ECL of 3.31% includes 0.45
Slide 13: Continued Borrower Addition Coupled With Healthy Retention & Graduation
Continued Borrower Addition Coupled With Healthy Retention & Graduation Continued Borrower Addition Diverse Product Suite For Graduation & Retention Borrowers (‘000) TTM Borrower Q2 FY27 % Share AUM Mix (INR Cr) % Share Additions 296 GL 23,746 76.7% 1,028 675 Karnataka 19.5% IGL 20,982 88% Other Lif
Slide 14: Growing Network & Presence
Growing Network & Presence Our Presence as on Sep-26 Uttar Pradesh 16 States & 1 UT 132 Branch Network Q2 FY27 % Share Q2 FY26 % Share 460 Districts Karnataka 389 16.7% 380 17.2% Bihar Maharashtra 353 15.2% 339 15.3% 2,326 Branches 158 Tamil Nadu 380 16.3% 388 17.6% West Bengal Madhya Pradesh 199 8.
Slide 15: FY27 Revised Performance Guidance
FY27 Revised Performance Guidance AUM GROWTH NIM COST-TO-INCOME 20.0% - 25.0% 14.4% - 14.7% 29.0% - 30.0% (No Change) Vs. Vs. (12.8% - 13.2%) (33.0% - 35.0%) CREDIT COST RETURN ON ASSETS RETURN ON EQUITY 3.0% - 4.0% 5.2% - 5.8% 21.0% - 24.0% (No Change) Vs. Vs. (4.0% - 4.8%) 16.0% - 20.0% Key reason
Slide 16: Discussion Summary
Discussion Summary Recent Performance – Momentum That Speaks Our Current Position – The Vantage Point Our Strategic Vision – Project “Shakti” Financial Profile – Built for Growth ESG & CSR – Our Natural Advantage 15 www.creditaccessgrameen.in
Slide 17: Navigating Industry Crisis During FY25 & FY26
Navigating Industry Crisis During FY25 & FY26 Validating Resilience, Emerging Stronger Maintained Operational Discipline Whilst Not Losing Sight Of Growth AUM in INR Cr Focus on quality growth in adherence with MFIN guardrails 29,590 26,714 26,566 26,304 25,948 26,055 Robust NIM due to risk-based pr
Slide 18: Navigating Industry Crisis During FY25 & FY26
Navigating Industry Crisis During FY25 & FY26 Validating Resilience, Emerging Stronger Staying Focused Amidst Turbulent Tides Aligning With Structural Shifts To Capture Credit Supply Gaps Customer First Approach New Customer Acquisition • Sustained NTC additions; ETC customers targeted amidst improv
Slide 19: Ten Years of Testing, Evolving, Compounding
Ten Years of Testing, Evolving, Compounding Compounding At Scale Despite Multiple Disruptions 1) INR Crore Demonetisation Covid Pandemic MFI Credit Cycle Metrics FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 FY26 10Y CAGR AUM1 3,075 4,975 7,159 11,996 13,587 16,599 21,031 26,714 25,948 29,590 28.6% D
Slide 20: Catering To Growing Financing Needs Of Customer Households
Catering To Growing Financing Needs Of Customer Households Aiming For Larger Addressable Market Through Micro-Retail Credit ~ INR 70 Lakh Cr Rural / Semi-Urban Micro-Retail Credit Segments Experiencing Rapid Growth Mar-26, In INR Lakh Cr Urban Rural/Semi Urban Rural / Semi-Urban YoY Growth in FY26 2
Slide 21: Powering Growth Through Smarter Customer Acquisition At Scale
Powering Growth Through Smarter Customer Acquisition At Scale Constant Feeder To Financial Lifecycle Engine Built On Trust And Relationship CA Grameen’s Key Accelerators Target Segment → 23.5 Crore Low-Middle Income Households by 2030 Primary Customers: Secondary Customers: Women Household Members V
Slide 22: Accelerating Digital Journey Through Adaptive Customer Digital Handle
Accelerating Digital Journey Through Adaptive Customer Digital Handle Seamless Digital Transactions, Effective Lead Management, Holistic Customer Engagement Grameen Mahi 17.1 Lakh Active Registered Customers on Grameen Mahi • Digital loan repayments • Expression of interest in graduation products •
Slide 23: Deepening The Customer Relationship
Deepening The Customer Relationship Continuous Cycle Of Understanding, Engaging, And Lifetime Value Creation Owning The Customer Increasing Customer Understanding Customer’s Lifetime Value Behaviour & Building Intelligence Lifecycle Engine Strengthening Multi-channel Building Product Depth Customer
Slide 24: Stable Leadership With Demonstrated Track Record
Stable Leadership With Demonstrated Track Record (7 years) (17 years) (7 years) (6 years) (6 years) (27 years) (24 years) (21 years) (7 years) (22 years) (5 years) (04 months) (24 years) (26 years) (4 years) (3 years) (3 years) • Highly stable senior management enabling cultural and process consiste
Slide 25: Strong Parentage & Shareholder Base
Strong Parentage & Shareholder Base Shareholding Pattern (%) – September 2026 Others, MF, AIF, 7.67 Insurance, 13.77 Promoter Group, 63.83 FPI, 14.73 Committed to Strong Financial Support Financial Inclusion via Patient Capital • Invested through multiple rounds of • CreditAccess India B.V. (CAI) ca
Slide 26: Discussion Summary
Discussion Summary Recent Performance – Momentum That Speaks Our Current Position – The Vantage Point Our Strategic Vision – Project “Shakti” Financial Profile – Built for Growth ESG & CSR - Our Natural Advantage 25 www.creditaccessgrameen.in
Slide 27: The Next Ten Years: Building Leadership In Inclusive Finance
The Next Ten Years: Building Leadership In Inclusive Finance Expanding Our Boundaries, Customer Centricity At The Core Project “Shakti”: Business Objectives Build Leadership Position In Inclusive Finance Become The Most Trusted Digital-enabled Strengthen Right-to-win In Low-and-middle With Customer-
Slide 28: Acquiring Customers Early In The Lifecycle
Acquiring Customers Early In The Lifecycle Group Dynamics Enabling Scale, Discipline And Trust Leveraging Group Mechanism As a Scalable Acquisition Engine Integrating Risk Management In Every Process Self-Chosen Group Formation 1 Community-driven groups ensuring homogeneity and mutual accountability
Slide 29: Update On The Structural Shifts Shaping Our Customer Profile
Update On The Structural Shifts Shaping Our Customer Profile CA Grameen’s Customers Are A Part Of Multi-lender, Multi Product Ecosystem Customers’ MFI Exposure 46% MFI Customer HHs’ Retail Exposure1 Customer’s Evolving Credit Footprint Vs. Credit Vintage 2 45% Unique 43% Business Loans <2 yrs 71% 7%
Slide 30: Retaining Vintage MFI Customers Through Additional Products
Retaining Vintage MFI Customers Through Additional Products One Stop Shop Providing Support to Various Lifecycle Needs Of The Customer HHs With Income <= INR 3 Lakh (Under Group Model) Product Loan Size Interest Rate Tenure Income Generation Loan INR 5K – 200K 1 – 3 years Other Life-cycle Loans 18.0
Slide 31: Building Customer Data Intelligence
Building Customer Data Intelligence Providing Curated Offerings Aligned With Evolving Needs Customer Behaviour Undergoing Structural Shifts Customer Financing Needs Becoming Diverse • Reducing centre meeting attendance • Expanding lifecycle needs beyond income generation • Higher proportion of worki
Slide 32: Strengthening The Credit Underwriting Framework
Strengthening The Credit Underwriting Framework Credit Decisioning Backed by Human Judgment, Technology And Structured Process Group Loans Individual Loans & Two-Wheeler Loans Mortgage Loans BRE-Based Centralised Credit Filtering Customer Selection Customer Selection • Regulatory compliance • Lead g
Slide 33: Strengthening Multi-Channel Customer Engagement
Strengthening Multi-Channel Customer Engagement Serving Customers On Their Terms – Physical, Digital, Anytime Multi-Channel Presence Multi-Channel Service Fulfilment Check Loan Status Check Loan Eligibility View loan details and Renewal or new loan Anchor Channel End-to-End Digital repayment schedul
Slide 34: Leveraging Pan-India Presence To Drive Distribution
Leveraging Pan-India Presence To Drive Distribution Taking Financial Inclusion To The Last Mile Deep Penetrated Distribution Platform Contiguous District-Based Operating Presence Average 84% district coverage across all states GL Branches RF Branches Dual-Role Distribution Hub Dedicated Mortgage Dis
Slide 35: Managing Collections In Evolving Customer Landscape
Managing Collections In Evolving Customer Landscape Ability To Drive Collections In Informal Customer Segments Structured Collection Management Collection Management Platform Daily On-time Collections Continue To Remain Strong Daily on-time collections continue to remain strong Structured Intelligen
Slide 36: Enabling Transformation Through Technology
Enabling Transformation Through Technology Robust Technology Architecture To Support Scalability, Reliability And Quick Responsiveness Group & Individual Loans Mortgage Loans TW Loans Grameen Mahi Collections LOS/LCS LOS/LCS LOS Customer App Mgmt. Platform Core Banking System ESB & Other Services Wh
Slide 37: Enabling Transformation Through Technology
Enabling Transformation Through Technology Keeping Pace With The Future Strengthening The Core Enabling Lifecycle Strategy Agile Technologies Adaptive Data Platform Making AI Inclusive Platform Upgrades Speed & Accuracy AI + Low-Code Platforms Employee Productivity Intelligence-Driven AI-enhanced da
Slide 38: Adapting Risk, Audit & Controls Amidst Evolving Business Needs
Adapting Risk, Audit & Controls Amidst Evolving Business Needs Shift From Reactive To Predictive Approach, Supporting Next Phase of Business Growth Risk Management Framework Internal Audit Framework Product Corporate & Technology & Intelligence-Led Assurance Governance Digital Risk Audit Data-Driven
Slide 39: Strengthening Internal Control Structure
Strengthening Internal Control Structure The Three Lines Of Defence 3rd line of defence: Internal Audit team 2nd line of defence: Risk team 1st line of defence: Field + Credit Underwriting + Quality Control teams Zone Manager Zone (100 – 120 branches) Business + Credit GL: ZM RF: ZM + ZCM Region (40
Slide 40: Discussion Summary
Discussion Summary Recent Performance – Momentum That Speaks Our Current Position – The Vantage Point Our Strategic Vision – Project “Shakti” Financial Profile – Built for Growth ESG & CSR - Our Natural Advantage 39 www.creditaccessgrameen.in
Slide 41: Robust Quarterly Performance Trend
Robust Quarterly Performance Trend AUM (INR Cr) Disbursements (INR Cr) Borrowers (‘000) 19.5% 19.4% 1.3% 30,319 30,946 4,440 4,401 4,418 4,451 4,498 29,590 8,313 6,107 6,355 26,566 5,322 5,767 25,904 Q2 FY26 Q3 FY26 Q4 FY26 Q1 FY27 Q2 FY27 Q2 FY26 Q3 FY26 Q4 FY26 Q1 FY27 Q2 FY27 Q2 FY26 Q3 FY26 Q4 F
Slide 42: Robust Quarterly Performance Trend
Robust Quarterly Performance Trend Total Income (INR Cr) 1,784 1,905 1,509 1,491 1,599 Q2 FY26 Q3 FY26 Q4 FY26 Q1 FY27 Q2 FY27 Margin Analysis (%) Operating Efficiency (%) 21.2% 21.8% 22.3% 5.4% 20.7% 21.0% 5.2% 5.0% 4.8% 4.8% 14.2% 14.4% 15.1% 13.3% 13.9% 32.5% 34.1% 30.4% 29.3% 28.2% 9.6% 9.4% 9.2
Slide 43: Robust Quarterly Performance Trend
Robust Quarterly Performance Trend Asset Quality (%) NII, PPOP, PAT (INR Cr) 4.26% 1,164 1,278 3.81% 976 977 1,048 3.65% 3.20% 3.31% 4.04% 4.06% 873 970 3.17% 695 680 780 2.94% 2.18% 2.50% 1.79% 493 502 2.28% 340 1.46% 252 126 1.10% Q2 FY26 Q3 FY26 Q4 FY26 Q1 FY27 Q2 FY27 Q2 FY26 Q3 FY26 Q4 FY26 Q1
Slide 44: Curated Products Designed To Meet Diverse Customer Needs
Curated Products Designed To Meet Diverse Customer Needs AUM Q2 FY26 Q3 FY26 Q4 FY26 Q1 FY27 Q2 FY27 Product Mix (INR Cr) % Share (INR Cr) % Share (INR Cr) % Share (INR Cr) % Share (INR Cr) % Share GL 23,035 88.9% 22,826 85.9% 24,227 81.9% 24,061 79.4% 23,746 76.7% IGL 22,079 96% 21,837 96% 22,557 9
Slide 45: Progressing Well on Liability Strategy
Progressing Well on Liability Strategy Diversified Liability Mix - Institution / Instrument Wise (%) Focus on dynamic liability management • Focus on long-term funding with strong diversification between domestic Banks - TL & NBFCs - TL & foreign sources CC 1.9% • Target to meet funding requirements
Slide 46: Stable Liquidity/ ALM Position/ Credit Ratings / ESG Ratings
Stable Liquidity/ ALM Position/ Credit Ratings / ESG Ratings Static Liquidity / ALM Position For the Month For the Financial Year Debt Diversification (INR Cr) Q2 FY27 Particulars (INR Cr) Oct-26 Nov-26 Dec-26 FY27* FY28 Total Drawdowns 3,312 Opening Cash & Equivalents (A) 3,435.4 2,429.1 2,711.9 3,
Slide 47: Q2 FY27: P&L Statement
Q2 FY27: P&L Statement Profit & Loss Statement (INR Cr) Q2 FY27 Q2 FY26 YoY% Q1 FY27 QoQ% H1 FY27 H1 FY26 YoY% FY26 Interest Income 1,800.6 1,414.1 27.3% 1,714.1 5.0% 3,514.8 2,802.3 25.4% 5,762.6 - Interest on Loans1 1,777.1 1,396.6 27.2% 1,687.4 5.3% 3,464.5 2,764.7 25.3% 5,697.4 - Interest on Dep
Slide 48: Q2 FY27: Balance Sheet
Q2 FY27: Balance Sheet Balance Sheet (INR Cr) Q2 FY27 Q2 FY26 YoY% Q1 FY27 QoQ% H1 FY27 H1 FY26 FY26 Cash & Other Bank Balances 1,576.0 937.5 68.1% 1,359.4 15.9% 1,576.0 937.5 1,327.0 Investments 1,925.9 1,238.0 55.6% 2,176.1 -11.5% 1,925.9 1,238.0 1,075.3 Loans - (Net of Impairment Loss Allowance)
Slide 49: Discussion Summary
Discussion Summary Recent Performance – Momentum That Speaks Our Current Position – The Vantage Point Our Strategic Vision – Project “Shakti” Financial Profile – Built for Growth ESG & CSR - Our Natural Advantage 48 www.creditaccessgrameen.in
Slide 50: Purpose Embedded In Every Loan
Purpose Embedded In Every Loan ESG Framework: ENVIRONMENTAL | SOCIAL | GOVERNANCE ESG RATINGS & RECOGNITION ENVIRONMENTAL SOCIAL GOVERNANCE Sustainalytics E E&S Discipline Driving Last-Mile Reach Board Integrity & Independence 20.7 • E & S criteria check during loan • 99.9% women borrowers • 50% ind
Slide 51: Mobilising Global Impact Capital
Mobilising Global Impact Capital Sustainalytics is of the opinion that CA Grameen's Social Bond & Loan Framework is Credible and Impactful — aligned with Social Bond Principles 2021 & Social Loan Principles 2023 Social Bond / Loan Framework Aligned With UN SDGs What Sets CA GRAMEEN Apart Use of Proc
Slide 52: Community Impact At Scale: CSR Initiatives
Community Impact At Scale: CSR Initiatives CSR Impact At A Glance (FY 2021–2026): 18.36 Lakh+ Beneficiaries | INR 76 Crore Invested | 60+ Aspirational Districts EDUCATION HEALTH LIVELIHOOD RURAL DEVELOPMENT DISASTER RELIEF Rationale Behind The 5 Themes 6.72 1.14 0.35 2.72 7.43 Why Education? Lakh La
Slide 53: Key Ratios: Definitions
Key Ratios: Definitions 1. Portfolio Yield = (Interest on loans – processing fees + Income from securitisation)/ Avg. quarterly on-book loans 2. Weighted Avg. COB = (Borrowing cost – finance lease charges) / Daily average borrowings (excl. Financial Liability towards Portfolio Securitized) 3. Margin
Slide 54: For Further Queries
For Further Queries: Nilesh Dalvi Chief Financial Officer Contact No – 9819289131 Email Id – nilesh.dalvi@cagrameen.in Sahib Sharma DGM – Investor Relations & Strategy Contact No – 7066559383 Email Id – sahib.sharma@cagrameen.in www.creditaccessgrameen.in