Promoters of Satin Creditcare Network Limited Reduce Pledge to 3 09% equitybulls.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from equitybulls.com Daily Mail and Mail on Sunday newspapers.
Satin Creditcare Network Ltd. ranked 17 Among The Top 100 Best Annual Reports
Posted On: 2021-03-02 08:03:47 (Time Zone: Arizona, USA)
Satin Creditcare Network Limited (SCNL) (NSE: SATIN, BSE: 539404), one of the leading microfinance institutions in the country has garnered the platinum industry spot for its FY19-20 annual report in the Financial - Diversified Services category at the 2019-20 Vision Awards Annual Report Competition, organized by the League of American Communications Professionals (LACP), USA. The annual report also won the Gold spot among the Best Report in the Financial Space. The report earned 99 out of 100 points, making it the 17th Best Annual Report among Top 100 Annual Reports in the world. The event comprised of nearly 1,000 organizations representing more than 20 countries.
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The Indian Microfinance Market is anticipated to grow at a brisk CAGR of more than 40% through 2025, predominantly on account of increasing demand for microfinance loans from the MSME sector.
The main objective of microfinance organizations is to give a chance to low-salary borrowers to become self-sufficient. This sector plays an important role in promoting inclusive growth by providing credit to borrowers who fall under BPL (Below Poverty Line) category. This industry is also helping women from rural areas to avail small loans at affordable rates to earn their livelihood.
Based on types, the Indian Microfinance Market is segmented into banks and non-banks. In India, bank are the preferred sources for Microfinance. Banks dominated the market in 2020 and the trend is likely to continue in the coming years as well. This is on account of banks offering attractive interest rates compared to non-banking insti
Satin Creditcare Network Ltd appoints Mr Rakesh Sachdeva as CFO equitybulls.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from equitybulls.com Daily Mail and Mail on Sunday newspapers.