Satin Creditcare Network’s Assets Under Management (AUM) has stood at Rs 7,274 crore in Q4FY21, a growth of 5.3% Quarter on quarter (QoQ), indicating that the growth has started kicking in. For FY21, the Company maintained sufficient liquidity of Rs 1,469 crore. During FY21, the Company raised Rs 4,312 crore including Direct Assignment Transactions of Rs 743 crore.
During FY21, the Company successfully completed its Rights Issue of Rs 120 crore to strengthen the capital base. Out of this, Rs 90 crore is already received by 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.