Hot Pursuit     03-Apr-24
Satin Creditcare gains as AUM climbs 34% YoY in FY24
Satin Creditcare Network advanced 3.04% to Rs 237.25 crore after the company’s asset under management (AUM) grew 34% YoY to Rs 10,600 crore as on 31 March 2024 from Rs 7,929 crore as on 31 March 2023.
The company’s disbursements stood at Rs 9,600 crore during FY 2023-24, up 30% as compared to Rs 7,390 crore recorded in FY 2022-23. The collection efficiency for FY24 stood at 98%.

During FY 2023-24, the company raised Rs 9,500 crore through various instruments.

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 consolidated net profit jumped 92.59% to Rs 113.07 crore on 43.35% rise in total income to Rs 596.28 crore in Q3 FY24 over Q3 FY23.

Previous News
  Board of Satin Creditcare Network approves terms for NCD issuance
 ( Corporate News - 27-Jun-24   18:17 )
  Satin Creditcare to mull fund raising on Jan 15
 ( Hot Pursuit - 11-Jan-24   08:38 )
  Satin Creditcare Network to conduct board meeting
 ( Corporate News - 25-Jul-24   14:50 )
  Satin Creditcare Network allots NCDs aggregating to Rs 332 cr
 ( Corporate News - 24-May-24   14:39 )
  Satin Creditcare board OKs raising upto Rs 50 cr
 ( Hot Pursuit - 21-Nov-23   11:59 )
  Satin Creditcare Network approves NCD issuance of Rs 45.65 cr
 ( Corporate News - 30-Nov-23   14:16 )
  Satin Group achieves milestone of Rs 10,000 cr AUM
 ( Corporate News - 10-Oct-23   14:02 )
  Satin Creditcare Network to discuss results
 ( Corporate News - 22-Jul-23   12:37 )
  Satin Creditcare Network to hold board meeting
 ( Corporate News - 09-Aug-23   11:55 )
  Satin Creditcare Network allots 82.05 lakh equity shares
 ( Corporate News - 22-Jul-23   11:43 )
  Satin Creditcare Network consolidated net profit rises 75.20% in the December 2022 quarter
 ( Results - Announcements 23-Jan-23   16:10 )
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