satin creditcare has commenced operations in Kerala, marking a significant step in its South India expansion strategy. The microfinance institution opened branches in Aroor and Cherthala in the Alappuzha district and inaugurated a Circle Office in Kochi on June 19, 2026. This entry extends the company's presence to 32 states and Union territories, reinforcing its commitment to financial inclusion in the region.

The new Circle Office in Kochi will serve as the operational and administrative hub for the state, overseeing branch operations and client servicing. Satin Creditcare has appointed a Circle Head with over 15 years of experience in the Kerala market to drive its growth strategy. This leadership appointment aims to leverage deep regional understanding and on-ground expertise to scale operations responsibly.

The expansion strengthens Satin Creditcare's existing footprint in South India, which already includes Tamil Nadu, Karnataka, Andhra Pradesh, and Telangana. By adding Kerala to its operating map, the company consolidates its position in the southern region. The move aligns with its vision of building a leading, technology-enabled, and inclusion-focused financial institution.

Mr Anil Kwatra, Chief Business Officer, stated that the company entered Kerala with the right teams and infrastructure in place from day one. He emphasized that the operational branches in Aroor and Cherthala, along with the Kochi Circle Office and seasoned local leadership, position the company well to scale across the state.

Dr H P Singh, Chairman cum Managing Director, described the entry as a defining moment in the company's journey across South India. He highlighted Kerala's market potential and noted that the presence allows the company to extend its mission of serving the underserved to new communities. The strategy involves beginning in Alappuzha and building towards northern Kerala.

As on March 31, 2026, Satin Creditcare reported a network of 2,015 branches and a headcount of 18,265, serving 33.7 lakh clients at a consolidated level. The company offers a range of financial products, including loans to MSMEs and affordable housing loans, through its various subsidiaries.

Satin Creditcare Network Limited 's board is scheduled to meet on June 23, 2026, to consider raising funds up to ₹5,000 crore through the issuance of Non-Convertible Debentures (NCDs). The proposed fundraising aims to bolster the company's capital base and will be conducted in one or more tranches on a private placement basis, subject to necessary approvals.

The board meeting will evaluate the proposal to issue NCDs, a debt instrument that cannot be converted into equity. The decision is part of the company's strategy to secure long-term funding. The initiative is subject to applicable laws and requires approval from shareholders and other statutory authorities.

Key Details of the Fundraising Proposal

The following table outlines the key parameters of the proposed NCD issuance:

The meeting is convened pursuant to Regulations 29 and 50 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015. The intimation was filed by Vikas Gupta, Company Secretary & Chief Compliance Officer of Satin Creditcare Network Limited.