Satin Creditcare Network will hold a meeting of the Board of Directors of the Company on 20 September 2024.Powered by Capital Market - Live

The key equity indices traded with limited losses in early trade. The Nifty traded below the 25,450 mark. Financial services, media and bank shares advanced while IT, metal and pharma stocks declined. At 09:30 IST, the barometer index, the S&P BSE Sensex was down 54.63 points or 0.07% to 83,024.97. The Nifty 50 index shed 15.35 points or 0.06% to 25,403.20. In the broader market, the S&P BSE Mid-Cap index rose 0.06% and the S&P BSE Small-Cap index fell 0.04%. The market breadth was strong. On the BSE, 1,645 shares rose and 869 shares fell. A total of 124 shares were unchanged. Foreign portfolio investors (FPIs) bought shares worth Rs 482.69 crore, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 874.15 crore in the Indian equity market on 17 September 2024, provisional data showed. Stocks in Spotlight: Satin Creditcare Network added 1.34% after the company informed that a meeting of its board is scheduled to be held on Friday, 20 September 2024 to consider the fund raising proposal by way of issuance of non-convertible bonds (NCDs). Ceigall India jumped 5.40% after the company has received as L1 bidder from National Highway Authority of India for the construction of the 4/6 lane northern Ayodhya Bypass, with a bid project cost of Rs 1,199.3 crore, and the 4/6 lane southern Ayodhya Bypass, with a bid project cost of Rs 1,299.2 crore. Numbers to Track: MCX Gold futures for 4 October 2024 settlement rose 0.21% to Rs 73,251. The US Dollar index (DXY), which tracks the greenback's value against a basket of currencies, was down 0.08% to 100.82. The United States 10-year bond yield rose 0.03% to 3.645. In the commodities market, Brent crude for November 2024 settlement lost 36 cents or 0.49% to $73.34 a barrel. Global Markets: Most Asian shares traded mixed on Wednesday as investors eagerly awaited the Federal Reserve's interest rate decision. Despite muted trading volumes due to holidays in Hong Kong and South Korea, most regional stocks rose. While Chinese markets remained relatively stable after resuming trading from an extended break, investors also looked ahead to the Bank of Japan's policy meeting later in the week. The BoJ is expected to maintain current interest rates but may adopt a more hawkish stance, signaling potential future rate hikes. In the United States, stock markets closed mixed on Tuesday as uncertainty persisted regarding the magnitude of the Federal Reserve's anticipated rate cut. The Dow Jones Industrial Average fell 0.04% while the S&P 500 rose 0.3%, reversing momentum from earlier in the day, when they were at or near record levels. The Nasdaq Composite, meanwhile, finished higher by 0.2%. Market participants are widely expecting the Fed to reduce interest rates, with opinions divided between a 25 or 50 basis point cut. However, bets on a larger 50 basis point reduction have been gaining momentum. Additionally, the Fed's announcement is anticipated to signal the beginning of an easing cycle, which is generally positive for risk-oriented stock markets.Powered by Capital Market - Live

The company will issue listed, secured NCDs on private placement basis. Satin Creditcare Network is a leading microfinance institution (MFI) in the country with presence in 26 states & union territories and 95,000 villages. The company also offers a bouquet of financial products in the Non-MF segment, comprising of loans to MSMEs, affordable housing loans to MSMEs, affordable housing loans, and business correspondent services. The company's consolidated net profit increased 19.8% to Rs 105.28 crore on 36.8% rise in total income to Rs 634.35 crore in Q1 FY25 over Q1 FY24. The scrip declined 0.43% to end at Rs 209.10 on Tuesday, 17 September 2024.Powered by Capital Market - Live

Satin Creditcare Network has appointed Jyoti Davar as an Independent Director. This marks the third addition to the Board in recent times, reflecting the company's commitment to enhancing its governance and strategic oversight. The new appointees also include - Anil Kaul, former Managing Director of Tata Capital Housing Finance, whose extensive experience with leading financial institutions such as ICICI Group, Bank Muscat SAOG, Standard Chartered Bank India, and Citibank N.A. India, brings unmatched expertise in finance and planning. He joined the Board in January 2024. Joydeep Datta Gupta, former Partner at Deloitte India and Board Member of Deloitte Asia Pacific, joined the Board in June 2024. His distinguished career in technology and digital transformation is driving SCNL's governance model towards cutting-edge practices in risk management and operational efficiency, ensuring robust and forward-thinking oversight. Powered by Capital Market - Live

Satin Creditcare Network will hold a meeting of the Board of Directors of the Company on 11 September 2024.Powered by Capital Market - Live

Satin Creditcare Network will hold a meeting of the Board of Directors of the Company on 9 August 2024.Powered by Capital Market - Live

Net profit of Satin Creditcare Network rose 19.81% to Rs 105.28 crore in the quarter ended June 2024 as against Rs 87.87 crore during the previous quarter ended June 2023. Sales rose 36.90% to Rs 632.44 crore in the quarter ended June 2024 as against Rs 461.97 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales632.44461.97 37 OPM %62.6266.24 - PBDT146.71121.92 20 PBT141.01117.54 20 NP105.2887.87 20 Powered by Capital Market - Live

Satin Creditcare Network will hold a meeting of the Board of Directors of the Company on 31 July 2024.Powered by Capital Market - Live