SBI sanctions Rs. 450 crores credit facilities to Paisalo Digital Limited

State Bank of India, vide its letter dated January 27, 2023, received by the Company on January 30, 2023, has announced the sanctioning of credit facility of INR 4500.00 million to the Company.

New additional credit facility of INR 4500.00 million from State Bank of India translating to 39% of the present Consortium Limit shall help Paisalo to continuously revolutionize and disrupt Small Credit by transforming customer experience and creating growth opportunities for women entrepreneurs, self-employed and small businesses segment.

With this new credit line, the company will continue to engage and transact without friction to deliver a sustainable business model, protect and improve its margin profile and keep its secured debt-to-equity ratio at 2 times.

This additional credit facility will result in improved growth, productivity, and profitability in immediate future.

Source : Equity Bulls

Keywords

SBI CreditFacility Sanction PaisaloDigital