Press background on Satin Creditcare Network Limited
Company profile
Satin Creditcare has started its operations as a provider of individual and small business loans and savings services in 1990 with an objective to provide ‘doorstep’ credit in urban areas and gradually forayed into semi-urban and rural areas. We registered as an NBFC with the RBI in 1998 and converting into an NBFC-MFI in November 2013.
The Company completed its IPO in the fiscal year of 1996 and was duly listed on the Delhi Stock Exchange (DSE), Ludhiana Stock Exchange (LSE) and the Jaipur Stock Exchange (JSE). Following the subsequent de-recognition of these exchanges by SEBI, Satin Creditcare listed its Equity Shares on the Calcutta Stock Exchange (CSE) on May 19, 2015, on the NSE on August 26, 2015 and the BSE on October 20, 2015, adhering to the guidelines and policies issued by SEBI regarding the exit option to regional stock exchanges (issued December 29, 2008) and the exit policy for de-recognized/non-operational stock exchanges (issued May 30, 2012). The Company voluntarily delisted its Equity Shares from the Calcutta Stock Exchange Limited with effect from January 19, 2018
Summary of Business Performance:
On consolidated basis
Gross loan portfolio at Rs. 6,208 Cr. – an increase by 27% YoY
During the quarter, a total of 52 new branches were started, taking the total number of branches to 1,118 as of Dec’18 – an increas... (more)
Feb 04, 2019 16:53 IST
Satin Creditcare Network Limited
Disbursed microloans worth more than Rs. 200 cr. across Bihar, West Bengal, Uttar Pradesh, and Rajasthan till date under the partnership
Expands operational presence to 21 states and union territories
