Satin Creditcare Network has done direct assignment transaction with State Bank of India (SBI) with an amount of Rs 250 crore by assigning receivable with tenure of not exceeding 21 months. The fund raised will be used for further growth in Asset under Management (AUM) of the company.
Satin Creditcare Network is one of the largest Microfinance Institutions (MFI) in Northern India, and is the 3rd largest MFI in the country.