Microfinance firm Satin Creditcare Network reports Rs 81 crore net loss in June quarter

Collection efficiency, a gauge for repayment of loans, was lower at 82 during the quarter under review. Satin's disbursements for the quarter fell to Rs 282 crore as compared with Rs 2,376 crore in the January-March period. The firm's consolidated loan portfolio shrunk to Rs 7464 crore at the end of June against Rs 8100 crore a year back. Its microfinance book stood at Rs 6450 crore as against Rs 7100 crore.

from Banking/Finance-Industry-Economic Times https://ift.tt/3iuKNGC