INSUBCONTINENT EXCLUSIVE:
Mumbai: Satin Creditcare reported profit after tax of Rs 44.1 crore during the quarter ended March 31, 2018 on robust lending to micro
borrowers.
"Being the most impacted MFI, we have swiftly recovered from the impact of demonetisation and returned back to profitability in
basis, disbursement grew 55% to Rs 5571.7 crore
4.4% against 9.2% for the previous quarter
Net NPA was lower at 2.6% against 3.7% for the previous quarter.
The company raised capital of Rs 439.3 crore during last financial year
The company has capital adequacy of 23.7% even after achieving the growth of more than 40% in AUM.
