Satin Creditcare Network Limited launched its operations as a provider of individual and small business loans and savings services to urban lenders in 1990 going on to be registered as an NBFC with the RBI in 1998 and converting into an NBFC-MFI in November 2013. The company completed its IPO in the fiscal year of 1997 and was duly listed on the Delhi Stock Exchange (DSE) Ludhiana Stock Exchange (LSE) and the Jaipur Stock Exchange (JSE). Following the subsequent de-recognition of these exchanges by SEBI Satin Creditcare listed its Equity Shares on the Calcutta Stock Exchange (CSE) on May 19 2015 on the NSE on August 26 and the BSE on October 20 in the same year adhering to the guidelines and policies issued by SEBI regarding the exit option to regional stock exchanges (issued December 29 2008) and the exit policy for derecognized/non-operational stock exchanges (issued May 30 2012). In 2017 Satin Creditcare incorporated Satin Housing Finance Limited a wholly owned subsidiary with the aim of providing financing in the affordable housing segment and leveraging its rural outreach. This foray into the MSME and housing finance segments was inevitable keeping in line with the group company’s strategy of product diversification and movement from unsecured to secured lending.
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