The commercial papers were issued and allotted on 14 June 2023. The instrument, offering interest rate of 9%, will mature on 31 July 2023. The tenure of the CP is 47 days.

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.

Shares of Satin Creditcare Network fell 1.87% to Rs 168 on the BSE.