Money & Banking

Satin Creditcare raises Rs 500 cr from Nabard

Our Bureau New Delhi | Updated on June 26, 2018 Published on June 26, 2018

Satin Creditcare Network Ltd (SCNL), a microfinance institution, has received fresh disbursement of Rs 500 crore from Nabard under the latter's refinance facility.

According to a top SCNL official, this amount comes at a coupon of around 11 per cent and would be available for a five-year period. It will help in further growth in assets under management of SCNL.

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Published on June 26, 2018
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