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Latest news about Satin Creditcare

Satin Creditcare Network Establishes Wholly Owned Subsidiary, Satin Growth Alternatives Limited Aug 27, 2025

Satin Creditcare Network Limited (SCNL) has incorporated a wholly owned subsidiary, Satin Growth Alternatives Limited, on August 27, 2025. The incorporation was approved by the Ministry of Corporate Affairs. SCNL had previously informed the BSE and NSE about this action on July 23, 2025, in compliance with SEBI Listing Regulations.

Satin Creditcare Network Strengthens Capital Base with Rs 100 Crore Bond Issuance Aug 22, 2025

Satin Creditcare Network Appoints Pramod Marar as CEO of Subsidiary Satin Finserv Limited Aug 19, 2025

Satin Creditcare Network Approves INR 75 Crore Debenture Issuance with Green Shoe Option Aug 14, 2025

Satin Creditcare Reports 16th Consecutive Profitable Quarter Amid Seasonal Headwinds Aug 14, 2025

More news about Satin Creditcare

11Aug 25

Satin Creditcare Network to Consider Fundraising Options on August 14

Satin Creditcare Network Limited (SCNL) has announced a meeting of its Working Committee on August 14 to discuss potential fundraising through non-convertible debentures (NCDs) via private placement. The company is considering both secured and unsecured NCD options. This move comes shortly after SCNL's Q1 earnings call on August 11, suggesting a strategic financial initiative for the microfinance company.

08Aug 25

Satin Creditcare Network Reports ₹45 Crore Net Profit in Q1, Marks 16th Consecutive Profitable Quarter

Satin Creditcare Network Limited (SCNL) reported a consolidated profit after tax of ₹45.00 crores for the quarter, marking its 16th consecutive profitable quarter. Net interest income rose to ₹416.00 crores from ₹383.00 crores year-over-year. Assets under management grew 6.8% to ₹12,499.00 crores. The company maintained a Gross Non-Performing Assets (GNPA) of 3.7% and a Capital Adequacy Ratio of 26%. SCNL expanded its operations to 29 states with 1,599 branches, serving 32.9 lakh clients. The company is diversifying its portfolio beyond microfinance into housing, MSME lending, and technology services, and plans to launch an AIF debt fund for women-led enterprises.

24Jul 25

Satin Creditcare Network Launches Women-Led MSME Debt Fund, Expands into Alternative Investment Space

Satin Creditcare Network Ltd. (SCNL) announced two major initiatives: a women-led MSME-focused debt fund structured as a Category II Alternative Investment Fund, and the incorporation of a wholly-owned subsidiary, Satin Growth Alternatives Limited. The debt fund aims to provide capital to underserved MSMEs, particularly in rural and semi-urban India, with an all-women Board and investment team. The new subsidiary will participate in the alternative investment space with an authorized capital of ₹3.00 crore.

15Jul 25

Satin Creditcare Network to Raise ₹50 Crore Through NCDs at 11.5% Interest

Satin Creditcare Network Limited plans to raise funds through non-convertible debentures (NCDs). The base issue size is ₹50 crore with a greenshoe option of ₹25 crore. The NCDs will offer an 11.50% annual interest rate, paid monthly, with a 66-month tenure. The issue date is set for July 21, 2025, with maturity on January 21, 2031. Each debenture has a face value of ₹1,00,000. The NCDs will be subordinated, unsecured, rated, listed on BSE, and issued through private placement.

14Jul 25

Satin Creditcare Network Approves ₹500 Crore Non-Convertible Debenture Issuance

Satin Creditcare Network Limited (SCNL) has approved the issuance of Non-Convertible Debentures (NCDs) worth ₹500 crore. The NCDs will have a face value of ₹1,00,000 each, with a green shoe option for an additional ₹250 crore. The debentures are subordinated, unsecured, rated, listed, taxable, redeemable, and transferable, with a tenure of 66 months. They offer an interest rate of 11.50% per annum, payable monthly, with the allotment date set for July 21, 2025, and maturity on January 21, 2031. The NCDs will be listed on BSE Limited.

09Jul 25

Satin Creditcare Network to Consider Fundraising via Debentures on July 14th

Satin Creditcare Network has announced plans to explore fundraising through debentures. The company's board will meet on July 14th to discuss this potential financial strategy. This move could provide the microfinance institution with additional financial flexibility without diluting existing shareholder stakes. The specifics of the proposed debenture issuance are yet to be disclosed.

01Jul 25

Satin Creditcare to Raise ₹44.1 Crore via Private Placement of Secured NCDs

Satin Creditcare Network Limited's Board of Directors has approved the issuance of Secured Non-Convertible Debentures (NCDs) worth ₹44.10 crore through private placement. This strategic move aims to strengthen the company's financial position and could be used for various purposes including capital base enhancement, business growth funding, or debt refinancing.

27Jun 25

Satin Creditcare Network Unveils 50 Billion Rupee Fundraising Plan via Non-Convertible Debentures

Satin Creditcare Network has revealed plans to raise up to 50 billion rupees (5,000 crore rupees) through the issuance of non-convertible debentures (NCDs). This strategic move aims to strengthen the company's financial position and could potentially be used for expanding lending operations, improving liquidity, funding growth initiatives, or refinancing existing debt. The announcement demonstrates the company's proactive approach to capital management and may attract attention from investors and market analysts.

26Jun 25

Satin Creditcare to Consider Fundraising via NCD Private Placement

Satin Creditcare Network Limited's board of directors is set to evaluate a proposal for fundraising through the issuance of Non-Convertible Debentures (NCDs) via private placement. This move could provide the microfinance company with additional capital to support operations, expand its loan portfolio, and strengthen its financial position. The private placement strategy targets a select group of investors, potentially allowing for a more streamlined fundraising process.

23Jun 25

Satin Creditcare Network Unveils ₹50 Billion NCD Issuance Plan

Satin Creditcare Network has announced plans to raise up to ₹50 billion through the issuance of non-convertible debentures (NCDs). This strategic move aims to strengthen the company's capital base and support growth initiatives. The fundraising effort is expected to enhance lending capacity, improve liquidity, and strengthen the overall balance sheet. The NCD issuance is likely to attract attention from both institutional and retail investors, reflecting the company's confidence in its growth prospects.

08May 25

Satin Creditcare Network Reports Mixed Q4 FY23 Results

Satin Creditcare Network's Q4 FY23 results show a significant year-over-year decline in net profit to ₹218.90 crore, down 83.16% from ₹1,300.00 crore in Q4 FY22. However, the company saw a 53.51% quarter-over-quarter increase from ₹142.60 crore in Q3 FY23. Revenue slightly decreased by 3.27% to ₹621.00 crore compared to Q4 FY22. Despite profit volatility, the company maintained relatively stable revenue, indicating resilience in core business activities.

07May 25

Satin Creditcare Reports 7% AUM Growth and Managed Credit Cost

Satin Creditcare Network Limited has shown resilience in the microfinance sector, reporting a 7% year-on-year growth in Assets Under Management (AUM). The company maintained a well-managed credit cost of 4.60% for FY25, within their guided range of 4.50% to 5.00%. This stable performance comes despite industry volatility and policy transitions, positioning Satin Creditcare as a top performer in the sector.

07May 25

Satin Creditcare Network: Q4 Profit Plunges 67%, NII Down 10%

Satin Creditcare Network's Q4 FY25 results show significant declines in key metrics. Net profit fell 67.30% year-over-year to ₹41.00 crore. Net Interest Income decreased by 10.00% to ₹324.20 crore. GNPA stood at ₹323.00 crore with a 3.70% ratio. Despite challenges, the company maintained a strong Capital Adequacy Ratio of 25.90% and saw a 7.00% annual increase in Assets Under Management.

26Mar 25

Satin Creditcare Network to Sell ₹213 Crore Stressed Loan Portfolio

Satin Creditcare Network Limited (SCNL) has approved the sale of a stressed loan portfolio worth ₹212.98 crore to an Asset Reconstruction Company for ₹42.60 crore. The sale, conducted through an open bid process, represents an 80% haircut. This strategic move aims to improve SCNL's asset quality and financial health. Additionally, SCNL announced the closure of its trading window from April 1, 2025, until 48 hours after the announcement of its FY2025 audited financial results.

25Mar 25

Satin Creditcare Network Offloads ₹213 Crore Stressed Loan Portfolio

Satin Creditcare Network Limited (SCNL) has approved the sale of a stressed loan portfolio worth ₹212.98 crore to an Asset Reconstruction Company for ₹42.60 crore. The transaction will be conducted through an open bid method. Additionally, SCNL announced the closure of its trading window from April 1, 2025, until 48 hours after the announcement of its audited financial results for Q4 and FY 2024-25.

13Mar 25

Satin Creditcare Network Secures $100 Million Social Loan, Boosting Financial Inclusion Efforts

Satin Creditcare Network Limited (SCNL) has successfully raised $100 million through a syndicated social loan via External Commercial Borrowing (ECB). The loan, arranged by Standard Chartered Bank, involves participation from six Sri Lankan banks and has a tenor of 3 years and 3 months. This marks SCNL's first syndicated social loan, demonstrating its growing influence in international financial markets. The funding aims to expand financial services access in underbanked regions of India. Additionally, SCNL's Board has approved an increase in the limit for issuing Letters of Comfort to its subsidiary, Satin Housing Finance Limited, from INR 200 crore to INR 300 crore.

12Mar 25

Satin Creditcare Boosts Support for Housing Finance Arm, Raises Letter of Comfort Limit to ₹300 Crore

Satin Creditcare Network Ltd (SCNL) has approved an increase in the limit for issuing Letters of Comfort for its wholly-owned subsidiary, Satin Housing Finance Limited (SHFL), from ₹200 crore to ₹300 crore. The decision, made in a board meeting on March 12, 2025, aims to support SHFL's credit arrangements with various lenders. While this move is expected to facilitate SHFL's funding and expansion in the housing finance sector, it does not constitute a guarantee or obligation for SCNL to pay on behalf of SHFL in case of default. The transaction will be conducted on an arm's length basis, with no direct financial impact on SCNL.