Microfinance company Satin Creditcare Network's net profit zoomed 89% at Rs 103 crore, on the back of lower credit costs and business expan...

Satin Creditcare Network, a microfinance lender, has reported a 43% year-on-year surge in standalone net profit of INR 86 crore ($11.5m) fo...

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.

"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...

The NBFC-MFI's restructured loans book now stands reduced at Rs 318 crore from Rs 1,151 crore, which was done to relieve borrowers after th...

During the September quarter, it made an investment of Rs 20 crore in its wholly owned subsidiary Satin Housing Finance by subscribing to 6...

"Our consolidated disbursement for the quarter stood at Rs 1,709 crore as compared to Rs 282 crore in Q1FY22 and Rs 1,900 crore in Q4FY22,"...

The lender's consolidated net interest margin for the year improved to 9.25% from 8.9% in the preceding year.

Its net interest income was at Rs 194 crore compared with Rs 164 crore over the same period. The operating profit was Rs 59 crore while it ...

The lender had a consolidated loan portfolio of Rs 7381 crore at the end of September while it was Rs 6315 crore on a standalone basis.

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

Satin Creditcare Network Ltd., incorporated in the year 1990, is a Small Cap company (having a market cap of Rs 499.46 Crore) operating in ...

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.

Total income rose to Rs 353 crore compared with Rs 328 crore in the year-ago period.

Satin's collection efficiency of loans disbursed after January last year reached 99.5%.

After being denied permission to set up a small finance bank by RBI, Satin Creditcare Network now plans to seek universal banking licence i...