Satin Creditcare Network Ltd inks co-lending agreement with The Karnataka Bank Ltd

Satin Creditcare Network Limited ("the Company") has today i.e. December 28, 2023 has entered into "Master Agreement for co-lending of loans to Micro-Finance Borrowers by way of Co-Lending Module in tranches with Karnataka Bank Limited" ("the Bank") in accordance with the Guidelines issued by the Reserve Bank of India in this regard.

The risk sharing ratio of the loan shall be as per the Master Agreement. The Company shall also act as the Service Provider and the collections/monitoring will be managed by the Company.

Shares of Satin Creditcare Network Limited was last trading in BSE at Rs. 240.55 as compared to the previous close of Rs. 244.80. The total number of shares traded during the day was 78737 in over 1743 trades.

The stock hit an intraday high of Rs. 247.40 and intraday low of 239.00. The net turnover during the day was Rs. 19219646.00.

Source : Equity Bulls

Keywords

SatinCreditcareNetwork INE836B01017 CoLendingAgreement KarnatakaBank MicroFinanceBorrowers