Satin Creditcare Network Ltd Receives the Best Operational Excellence Initiative of the Year Award

Satin Creditcare Network Ltd (SCNL), one of the leading microfinance companies in India, receives recognition at the ETBFSI Excellence Awards held in Mumbai on 17th February 2023. The NBFC-MFI received the Best Operational Excellence Initiative of the Year Award for their initiative, "Every Leader Being A Trainer: Great Leaders And Great Trainers Have A Lot In Common."

Supporting women entrepreneurs in rural and semi-urban areas with collateral-free loans, Satin Creditcare Network Ltd (SCNL) has been working hard to promote financial inclusion. Their initiative that received the award, "Train The Trainers", is a program designed to empower the Deputy Regional Managers and Territory Managers (DRMs/TMs) to act as able mentors for the field force, strengthening their knowledge and helping enhance the productivity of teams.

ETBFSI Excellence Awards is a platform that aims to recognise various companies, programs and initiatives within the Indian financial landscape. They have various award categories segregated into 6 sections: Banks, Insurance, NBFCS/Housing Finance/Microfinance Institutions, Asset Management Companies/Mutual Funds/Brokerages Firms/Wealth Management, Fintech/Neo banks and Technology Vendors. This platform aims to help and encourage the upgradation of the services provided within the financial industry.

Commenting on this achievement, Mr. HP Singh, CMD of Satin Creditcare Network Limited, said, "We are honored to have received this prestigious award at the ETBFSI Conclave. We believe that what makes us able to be a customer-centric company with excellent customer service is our employees. We started the "Train the Trainers" program last year with the aim to increase operational competence by training the DRMs and TMs, aggregating their knowledge and efficiency and having them become the trainers to instil the skills in our field force. We appreciate our leaders and trainers who have allowed us to build a strong business model and expand across India."

Shares of Satin Creditcare Network Limited was last trading in BSE at Rs. 134.95 as compared to the previous close of Rs. 137.70. The total number of shares traded during the day was 4861 in over 432 trades.

The stock hit an intraday high of Rs. 142.00 and intraday low of 133.25. The net turnover during the day was Rs. 662282.00.

Source : Equity Bulls

Keywords

SatinCreditcareNetwork INE836B01017 Recognition ETBFSIExcellenceAwards