Creditaccess Grameen Limited Announces Resignation of Venkatesh Prasad as Chief Operating Officer, Effective from December 31, 2019
December 30, 2019 at 11:35 am IST
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CreditAccess Grameen Limited announced that upon resignation from the post Mr. Venkatesh Prasad, Chief Operating Officer (COO) of the company, will be relieved from his position effective close of business hours on December 31, 2019.
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).