Satin Creditcare Network Limited — Updates, 13-03-2025: Press Release

Satin Creditcare Network Limited has successfully raised USD 100 million through its first syndicated social loan via External Commercial Borrowing (ECB), arranged by Standard Chartered Bank and supported by six major Sri Lankan financial institutions. This loan, with a tenor of 3 years and 3 months, includes a greenshoe option of USD 25 million and was disbursed on March 12, 2025.

The funding aims to enhance financial accessibility in India's underbanked regions and improve the company's Asset and Liability Management position while reducing its cost of funds. Dr. HP Singh, the Chairman cum Managing Director, emphasized that this landmark transaction underscores the global trust in SCNL’s governance and growth strategy, positioning the company favorably for future international engagements. This initiative is expected to empower efforts in financial inclusion, particularly targeting rural women and underserved communities, furthering SCNL’s commitment to sustainable economic progress.