In a significant move towards enhancing financial inclusivity, Karnataka Bank (KBL), a premier private sector bank, and Satin Creditcare Network Limited (SCNL), a leading Non-Banking Financial Company – Micro Finance Institution (MFI), have announced a strategic co-lending partnership. This alliance aims to provide financial support to Joint Liability Groups (JLG) of economically active women, particularly […]
Satin Creditcare Network Limited (SCNL), a prominent microfinance institution in India, has announced the successful completion of its Qualified Institutional Placement (QIP). Launched on 14th December 2023, the issue garnered substantial interest from top institutional investors, including ICICI Prudential Life Insurance Company Ltd., Bandhan Mutual Fund, and Bajaj Allianz Life Insurance Company Ltd., leading to […]
Satin Creditcare Network Limited (SCNL) has introduced UPI AutoPay in an effort to make loan EMI payments more seamless for its customers. The Indian microfinance institution said that UPI AutoPay will also help drive financial inclusion and increase cashless transactions in the country. Launched by the National Payments Corporation of India (NPCI) in 2020, UPI […]