In an interview to CNBC-TV18, HP Singh, Founder & MD of Satin Creditcare spoke about the investment and discussed the business outlook.
We are set for growth, we are done with whatever we have done for capital raising, HP Singh Founder and Managing Director of Satin Creditcare Network said.
According to HP Singh, Founder and MD of Satin Creditcare Network, housing companies have reported better numbers than microfinance institutions (MFIs) post demonetisation.
In an interview to CNBC-TV18, HP Singh, Founder and MD of Satin Creditcare Network discussed the company's qualified institutional placement (QIP) issue.
Satin Creditcare Network is in focus as the company has raised Rs 35 crores via issuance of convertible redeemable preference shares. “There is a time period of about a year when Capital First will be able to convert it into equity shares and once they convert, they will get about 3 percent of equity capital as of right now,” HP Singh, Founder & MD of Satin Creditcare told CNBC-TV18.
After Maharashtra and Uttar Pradesh, Punjab waives off loans. In an interview to CNBC-TV18, MR Rao, MD & CEO of Bharat Financial Inclusion spoke about the share of loans in UP, Maharashtra and Punjab.
After Maharashtra and Uttar Pradesh, Punjab waives off loans. In an interview to CNBC-TV18, HP Singh, Founder & MD of Satin Creditcare Network gave the reality check.
In an interview to CNBC-TV18, HP Singh, Founder & MD of Satin Creditcare Network spoke about the longer term impact of farm loan waivers and the latest happenings in the company.
Satin Credit Care raised capital by allotting shares to Asian Development Bank (ADB) and to the promoter holding in the company, Trishana Holdings. In an interview to CNBC-TV18, HP Singh, Founder and Managing Director of Satin Creditcare Network spoke about the latest happenings in his company and the sector.
In an interview to CNBC-TV18's Sumaira Abidi & Reema Tendulkar, HP Singh, Founder & MD of Satin Creditcare Network said that ICRA has changed the outlook from stable to negative.
"UP has been there at the collection deficiency at the start of the demonetisation. However, on a month-to-month basis, the collection efficiency now is close to about 90 percent compared to 40 percent in November", HP Singh, Founder & MD at Satin Creditcare told CNBC-TV18.
Collections in the North for Satin Credit Care have started picking up but disbursements may gain traction once currency supply increases, says Founder and MD HP Singh.
In an interview to CNBC-TV18, HP Singh, Founder and MD of Satin Credit spoke about the latest happenings in his company and sector.
"We have a very robust growth based on this tier I capital. So, our tier I capital with this infusion goes up to about 22 percent", HP Singh, Founder and MD of Satin Credit Care told CNBC-TV18.
Company plans to grow the loan book in FY17 to around Rs 5000 crore from the current Rs 3270 crore, said HP Singh, CMD, Satin Credit.
We are expecting a 75 percent growth in our profits for the fiscal year 2017, says HP Singh, Founder and MD of Satin Credit.