Satin Creditcare Network has entered into a strategic Business Correspondent (BC) partnership with IndusInd Bank. Till date, the company has disbursed more than Rs 200 crore across Bihar, West Bengal, Uttar Pradesh, and Rajasthan under this partnership, and is looking forward to the opportunity to scale up in the short term.
The company has also diversified into housing finance and BC partnerships with other banks/NBFC through its subsidiaries Satin Housing Finance and Taraashna Services respectively. Lending for micro, small, and medium enterprises (MSME) is currently managed by the parent company Satin Creditcare Network.
Satin Creditcare Network is one of the largest Microfinance Institutions (MFI) in Northern India, and is the 3rd largest MFI in the country.