Satin Creditcare Network Q1 Results: Co back in black with Rs 88 crore net profit
Satin Creditcare Network, a microfinance lender, has reported a 43% year-on-year surge in standalone net profit of INR 86 crore ($11.5m) for the quarter ending in June this year. Its performance was the best it had recorded in the first quarter over the past five years. Its on-book gross non-performing
Rama Mohan Rao Amara, Managing Director & CEO has tendered his resignation from directorship of the company with effect from August 11. He will also cease to be the MD and CEO of the company.
Satin Creditcare to raise upto Rs 5000 crore via private placement of NCDs
The tenue of the instrument, date of allotment and date of maturity will be determined by the Committee for each Tranche at the time of finalization of the terms of such Tranche.