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Microfinance market reports a small rise in early stage delinquencyMicrofinance loan defaults in the early stages increased in April. However, loans facing later stage defaults showed improvement. The overa...- As costs remain high, MFIs raise ratesMicrofinance lending rates are rising for the poorest borrowers. This is happening despite a government credit guarantee scheme designed to...
- Q2 Scorecard: Finance Capital, Finance Satin, Finance Dhanlaxmi post September quarter resultsCapital Small Finance Bank saw a 5% net profit rise to Rs 35 crore, despite higher provisions and a slight asset quality dip. Satin CreditC...
- IDBI Capital, Northern Arc invest Rs 60 crore in Satin FinservIDBI Capital and Northern Arc Capital have jointly invested Rs 60 crore in Satin Finserv, the MSME lending arm of Satin Creditcare Network....
- Signs of revival: Five listed NBFC-MFIs take Rs 2,440 cr bad loans off balance sheets in Jan-MarchMicrofinance lenders in India aggressively cleared bad loans in Q4 FY25, significantly impacting profitability. This strategic move aims to...
- Satin Creditcare Q4 Results: Profit slumps 69% to Rs 41 crore on asset quality stressSatin Creditcare Network's Q4 net profit plummeted 67% to Rs 41 crore due to asset quality stress and rising credit costs. Despite a challe...
- Satin Creditcare Q3 Results: Profit slumps 87% YoY to Rs 14 croreSatin Creditcare reported an 87% YoY drop in Q3 net profit to ₹14 crore due to rising credit costs. Revenue grew 15%, but provisions surged...
- Satin Credit care Q1 Results: Net profit up 20% at Rs 105 croreMicrofinance company Satin Credit care Network's consolidated net profit for the June quarter stood at Rs 105 crore against Rs 88 crore in ...
- Satin Creditcare Network raises 15 million euros from Development Bank of AustriaThe external commercial borrowing with a tenure of five years is raised at a rate linked to Euribor and it comes around 11% approximately, ...
- Satin CreditCare Network reports 33% YoY jump in March quarterSatin CreditCare Network's net profit rose 33% to Rs 125 crore in March quarter, driven by robust growth. Assets under management increased...
- Satin Creditcare Network Q3 Results: Net profit doubles YoY to Rs 108 croreThe lender's gross portfolio jumped 44% year-on-year to Rs 9811 crore while the gross non-performing assets ratio declined to 2.4% at the e...
- Karnataka Bank & Satin Creditcare sign up for co-lendingSatin Creditcare chairman HP Singh said: "This strategic alliance with Karnataka Bank is a significant milestone for SCNL. By combining our...
- Economy has really picked up in the rural space: HP Singh, Satin Credit CareNow products demand is based on so many other factors, not just related to the economic activity of the rural area.
- Microfinance stocks shine through the NBFC gloomIn the case of Spandana and CreditAccess, 95% and 86% borrowers are from rural areas.
- Satin Creditcare gets $15 million ECB fundingThe first ECB investment in SCNL was by World Business Capital.
- Top India microlender seeks $900 million to finance loan growthLoans at microlenders grew by an average 26% since 2014, almost double the rate seen at banks.
- A 25-30% growth very much achievable by March 2019: HP Singh, Satin Credit"The costs have increased by about 0.5 bps to about 1 per cent in terms of our cost of funds," said Singh.
- Satin raises $30 mn in bonds from Netherland's FMOThe MFI has a portfolio of Rs 5,561 crore at the end of September, which grew 39 per cent year on year.
- Satin Credit’s fund cost up by 75 bpsIt also lends to the affordable housing segment in rural areas and to the SME sector.
- Four top long-term plays for the investor: Sanjiv Bhasin, India InfolineFour stocks Godrej Properties, Thermax, Blue Star and Voltas these would be a good mix for playing slightly longer term in India, says Bhas...
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