Satin Creditcare Network has reported a net profit of INR 940m ($12m), a 59% increase YoY. The rise was attributed to stronger asset qualit...

The rise in net profit was buoyed by improvement in asset quality and business expansion. Net interest income rose 39% at Rs 251 crore.

Despite a sizeable sheet cleansing by large microfinance institutions (NBFC-MFIs) and small finance banks in the third quarter of this fisc...

"Growth is back and non-repayment on new loans could be restricted to 0.1%. These are the two major highlights," Satin chairman HP Singh to...

Disbursements in the quarter stood at Rs 282 crore as compared to Rs 67 crore in the same period a year ago.

Collection efficiency, a gauge for repayment of loans, was lower at 82 during the quarter under review. Satin's disbursements for the quart...

Microfinance institutions (MFIs) saw their collection efficiency drop below 70%, as borrowers in both rural and urban areas defaulted on re...

The microfinance institution reported Rs 38 crore profit for the quarter over Rs 13 crore reported for the year-ago period.

"March quarter was a lot better than the earlier quarters. The three months were practically back to pre-pandemic levels," its Chairman and...

The company said it has provided Rs 159 crore during the quarter as the possible non-performing assets (NPA) would have been as high as 9.6...

Net profit for the quarter was Rs 16 crore against Rs 54 crore in the year-ago period. Pre-provisioning operating profit was Rs 80 crore ag...

The MFI's capital-to-risk weighted assets ratio stood at 30.49 per cent.

The micro lender had reported a net profit of Rs 56 crore in the year-ago quarter.

The company said it has unutilised sanctions worth Rs 831 crore while its reliance on non-bank lenders has reduced to 7% from 25% last year.

On a year-on-year basis, disbursement grew 55% to Rs 5571.7 crore.

"After impressive performance in the last quarter of FY16, we have increased our network to about 100 more branches," says HP Singh.

The Microfinance Institutions Network (MFIN) with 2.5 crore rural customers in its fold is ready to support the comprehensive financial inc...