The microfinance institution's board also approved appointment of Vikas Gupta as ‘chief compliance officer' with effect from 11 July 2023. Post appointment, he will be designated as ‘company secretary & chief compliance officer'.

Satin Creditcare Network is engaged primarily in providing micro finance services to women in the rural areas of India who are enrolled as members and organized as joint liability groups.

The company's net profit rose 59% to Rs 94 crore on 20.12% increase in total income to Rs 397.12 crore in Q4 March 2023 over Q4 March 2022.