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

Crude oil futures end lower on Tuesday

Crude oil futures ended lower on Tuesday with benchmark finishing at its lowest in over a year, as investor attention remained fixed on supply ahead of a key meeting of major oil producers early next month.......

Gold futures end tad lower on Tuesday

Gold futures ended marginally lower on Tuesday, retreating from four-day winning streak, owing to a firmer US currency amid better than expected US housing data. Meanwhile, investors were cautious as they......

Copper futures end lower as world stocks fall

Copper futures ended lower on Tuesday, as world stock markets fell in a tech-led sell-off, while the dollar index rallied from a two-week low, making commodities priced in the greenback more expensive......

Top News

View all news

Megastar Foods planning to incorporate subsidiary

Megastar Foods is planning to incorporate a subsidiary Company. The meeting of the Board of Directors of the company is scheduled to be held on November 27, 2018, to consider the same. Megastar Foods is......

Lupin launches generic Tetrabenazine Tablets

Lupin has launched Tetrabenazine Tablets, 12.5 mg and 25 mg having received an approval from the United States Food and Drug Administration (USFDA) earlier. Lupin's Tetrabenazine Tablets, 12.5 mg and 25......

UPL's arm signs definitive agreement to acquire entire stake of IBC

UPL's wholly owned subsidiary-- UPL Corporation, Mauritius has signed a definitive agreement to acquire directly or through its subsidiaries 100% of the shares of INDUSTRIAS BIOQUIM CENTROAMERICANA, SOCIEDAD......