About Satin Creditcare Network Limited (SCNL)

We were the fifth largest microfinance institution in terms of GLP(1) as on March 31, 2016 (Source: CRISIL Report) with a strong presence in north India. We started our operations in 1990 as a provider of individual and small business loan and savings services to urban shopkeepers. We registered as an NBFC with the RBI in 1998 and converted into an NBFC-MFI in November 2013.

Our business is primarily based on the JLG(2) Model for providing collateral free, microcredit facilities to economically active women in both rural and semi-urban areas, who otherwise have limited access to mainstream financial service providers. We also offer loans to individual businesses, loans to MSMEs(3), product loans for financing purchase of solar lamps and loans for development of water connection and sanitation facilities. We have also recently started offering IML(4) to our clients in the JLG Model who have a credit record with us. We have, in December, 2013, entered into an agreement with Reliance Capital Limited (RCL) to provide certain services including sourcing clients for RCL for providing low-ticket size LAP(5) with a view to leverage our rural reach.

Our operations are spread across 16 states and union territories in India including Uttar Pradesh, Bihar, Madhya Pradesh, Punjab, Uttarakhand, Rajasthan, Haryana, Maharashtra, Delhi and NCR, Jharkhand, Chhattisgarh, Gujarat, West Bengal, Jammu and Kashmir, Himachal Pradesh and Chandigarh, with a focus on rural and semi-urban areas. A number of the regions in which we operate have moderate or low rates of penetration by micro finance institutions.

We completed our IPO in fiscal 1997 and were listed on the DSE(6), LSE(7) and JSE(8). Post the de-recognition of the DSE, LSE and JSE by SEBI, pursuant to the guidelines in respect of exit option to regional stock exchanges dated December 29, 2008 read with the exit policy for de-recognised/non-operational stock exchanges dated May 30, 2012 issued by SEBI, we listed our Equity Shares on the CSE(9), NSE and BSE on May 19, 2015, August 26, 2015 and October 20, 2015, respectively.

Note: (1) Gross Lending Portfolio; (2) Joint Liability Group; (3) Micro, Small and Medium Enterprises; (4) Individual Micro Loans; (5) Loan Against Property; (6) Delhi Stock Exchange; (7) Ludhiana Stock Exchange; (8) Jaipur Stock Exchange; (9) Calcutta Stock Exchange


Mr. HP Singh speaks to ET NOW on about Demonitization, collection and liquidity - Dec 29, 2016 (Know More)
Mr. HP Singh speaks to BTVi about repayment, cashless collection, NPA trends, disbursements and much more - Dec 29, 2016 (Know More)
Mr. HP Singh speaks to ET NOW about the Demonitization Impact on MFI Sector in Northern India - Dec 15, 2016 (Know More)
Where do MFIs go from here ?, Dec 5, 2016 (Know More)
"Demonitization has impacted repayments especially in pockets where cash availability is an issue", Mr. HP Singh, Dec 2, 2016 (Know More)


As of Sep 30, 2016
  Standalone Consolidated*
AUM (Rs. bn) 37.52 41.81
Branches 544 681
States of Operation 16 16
# of Employees 5,537 6,546
# of Loan Officers 3,614 4,276
# of Clients (mn) 2.28 2.59
CRAR 18.30% NA
*SCNL consolidated includes operational details of TSPL which is a subsidiary effective Sep 1, 2016