Breaking News

You are here » Indian-Commodity  :  Top News  :  Satin Creditcare Network enters into partnership with IndusInd Bank

16-Oct2018

Satin Creditcare Network enters into partnership with IndusInd Bank

Satin Creditcare Network has entered into a strategic Business Correspondent (BC) partnership with IndusInd Bank. Till date, the company has disbursed more than Rs 200 crore across Bihar, West Bengal, Uttar Pradesh, and Rajasthan under this partnership, and is looking forward to the opportunity to scale up in the short term.

The company has also diversified into housing finance and BC partnerships with other banks/NBFC through its subsidiaries Satin Housing Finance and Taraashna Services respectively. Lending for micro, small, and medium enterprises (MSME) is currently managed by the parent company Satin Creditcare Network.

Satin Creditcare Network is one of the largest Microfinance Institutions (MFI) in Northern India, and is the 3rd largest MFI in the country.


Related News

View all news

Gold futures settle slightly higher on Wednesday

Gold futures settled marginally higher on Wednesday, recouping some of the earlier session losses, as weakness in the leading dollar index offered support amid geo-political and economic tensions.Gold......

Copper futures end tad lower on global growth concerns

Copper futures ended marginally lower on Wednesday, pressured by concerns of slowing global growth and uncertainty over US-China trade talks weighed on the market. Though, comments from China suggested......

Physical Rubber prices witness some weakness on Wednesday

Physical Rubber prices showed some weakness on Wednesday on account of buyer resistance in the market. Spot prices for RSS-4 variety declined to Rs 124.50/kg compared to its previous closing of Rs 125/kg;......

Top News

View all news

Power Finance sanctions Rs 7,785-crore term loan for Telangana irrigation project

Power Finance Corporation (PFC) has sanctioned a Rs 7,785-crore term loan in two packages for the Kaleshwaram irrigation project in Telangana. The project envisages irrigation facilities for an ayacut......

Surya Roshni incorporates WOS company

Surya Roshni  has incorporated a wholly owned subsidiary (WOS) namely Surya Roshni Led Lighting Projects, having Registered office at New Delhi (India) on January 21, 2019 vide Certificate of......

Spice Mobility incorporates foreign subsidiary in Nepal

Spice Mobility has incorporated 'Digispice Nepal', a 100% foreign subsidiary of the company, in Nepal. The main object of the company is to operate in the information technology industry and provide software......