Microfinance firm Satin Creditcare Network reports Rs 81 crore net loss in June quarter Collection efficiency, a gauge for repayment of loans, was lower at 82 during the quarter under review. Satin's disbursements for the quarter fell to Rs 282 crore as compared with Rs 2,376 crore in the January-March period. The firm's consolidated loan portfolio shrunk to Rs 7464 crore at the end of June against Rs 8100 crore a year back. Its microfinance book stood at Rs 6450 crore as against Rs 7100 crore.
Financial Inclusion Summit: Universal banking access can become a reality only when more women are empowered While universal banking access and campaigns around financial literacy are important, the presence of more women at leadership roles in banks and lending institutions is a must to achieve this goal, said the stakeholders at the ET Financial Inclusion Summit.