Satin Creditcare Network Ltd commences operations in Kerala with new branches

Satin Creditcare Network Limited (NSE: SATIN | BSE: 539404), one of India's leading microfinance institutions, today announced its entry into Kerala with the commencement of operations in the state and marks its presence across 32 states and Union territories. The Company has opened branches in Aroor and Cherthala in the Alappuzha district, marking its first footprint in Kerala and a significant step forward in deepening its presence across South India.

To anchor and drive its Kerala operations, the Company has inaugurated a dedicated Circle Office in Kochi, which will serve as the operational and administrative hub for the state. The Circle Office will oversee branch operations, client servicing and the Company's planned growth across the region.

Satin Creditcare's entry into Kerala strengthens an already established South India presence that spans Tamil Nadu, Karnataka, Andhra Pradesh and Telangana. With Kerala now added to its operating map, the Company further consolidates its position in the region and reinforces its commitment to serving the financially underserved across southern India.

To lead this expansion, Satin Creditcare has appointed a Circle Head with over 15 years of experience in the Kerala market, bringing deep regional understanding and on-ground expertise to the Company's growth strategy in the state.

Mr Anil Kwatra, Chief Business Officer, said: "We have entered Kerala with the right teams and infrastructure in place from day one. With branches operational in Aroor and Cherthala, a Circle Office anchoring us in Kochi, and seasoned local leadership on the ground, we are well positioned to scale responsibly across the state."

Commenting on the development, Dr H P Singh, Chairman cum Managing Director, Satin Creditcare Network Limited, said: "Our entry into Kerala is a defining moment in Satin Creditcare's journey across South India. Kerala is a market with tremendous potential, and our presence here allows us to extend our mission of serving the underserved to communities we have not reached before. Beginning in Alappuzha and building towards northern Kerala, supported by a dedicated Circle Office in Kochi and experienced regional leadership, we are laying strong foundations for sustainable and responsible growth. This expansion solidifies our footprint in the South and reaffirms our long-term commitment to financial inclusion across the country."

With this expansion, Satin Creditcare continues to widen its national footprint while strengthening its presence in key high-potential markets, in line with its vision of building a leading, technology-enabled and inclusion-focused financial institution.

Shares of Satin Creditcare Network Limited was last trading in BSE at Rs. 230.90 as compared to the previous close of Rs. 235.75. The total number of shares traded during the day was 24170 in over 385 trades.

The stock hit an intraday high of Rs. 237.70 and intraday low of 228.15. The net turnover during the day was Rs. 5600394.00.

Source : Equity Bulls

Keywords

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