Satin Creditcare Network Ltd · NSE:SATIN
Satin Creditcare Network — Q2 FY2020 Earnings Presentation
70 slides from Satin Creditcare Network's earnings presentation, Nov 6, 2019
Slide 1: Cover letter to stock exchanges
November 6, 2019 To, The Manager, The Manager National Stock Exchange of India Ltd. BSE Limited Exchange Plaza, C-1, Block G, Phiroze Jeejeebhoy Towers, Bandra Kurla Complex, Dalal Street, Bandra East, Mumbai-400051 Mumbai – 400023 Scrip Code: SATIN Scrip Code: 539404 Dear Sir/Madam, Sub: Investor P
Slide 2: Investor Presentation November 2019
INVESTOR PRESENTATION November 2019 TO MAKE A DIFFERENCE BSE: 539404 | NSE: SATIN Corporate Identity No. L65991DL1990PLC041796
Slide 3: Contents
Contents 03 Overview and Key 08 Satin’s Transformation 22 Business Resilience Performance Highlights 35 Key Financial and Operational 39 Our Guidance 40 Operational and Financial Annexures Charts 54 56 Industry Background Cautionary Statement Any forward-looking statements about expected future even
Slide 4: Who we are
Who we are.. Microfinance is primarily based on the Joint Liability Group (JLG) model, to provide financial assistance and enable women from rural and semi-urban areas to achieve self sustainability CREATING A NICHE BY BEING A ONE STOP FINANCIAL SERVICES PROVIDER FOR OUR CUSTOMERS Income Generating
Slide 5: Key Business Performance Highlights (1/2)
Key Business Performance Highlights (1/2) India’s largest NBFC-MFI in no. of customers (36.3 lacs), branches (1,299), districts (377) and States (22), leading in terms of Assets Under Management (AUM), with AUM of Rs. 7,182 crore RoA 3.2% (2.7% in Q2FY19), RoE(1) 16.4% (18.8% in Q2FY19) and CRAR 30.
Slide 6: Key Business Performance Highlights (2/2)
Key Business Performance Highlights (2/2) Only lender to 58% clients at the time of disbursement for MFI lending Long term Credit Rating IND A- (Positive) from India Ratings; Short term rating at A1 from ICRA, CRISIL and CARE ; Grading of MFI 1 from CARE Ratings Social rating sA from Microfinanza, C
Slide 7: Corporate Overview Consolidated – Q2 FY20
Corporate Overview Consolidated – Q2 FY20 Rs. 54 crore 3.2% 16.4% PAT, 17.8% up YoY ROA, 18.7% up YoY ROE, 12.7% down YoY(1) Rs. 7,182 crore Rs. 366 crore Rs. 217 crore GLP, 16.0% up YoY Revenue, 1.1% down YoY (2) NII, 7.2% up YoY 1,299 22 36.3 lacs Branches, 21.9% up YoY States & UTs, 10.0% up YoY
Slide 8: Corporate Overview Standalone – Q2 FY20
Corporate Overview Standalone – Q2 FY20 Rs. 55 crore 3.3% 16.5% 30.13% PAT, 23.3% up YoY ROA, 24.3% up YoY ROE, 8.6% down YoY(1) CRAR, 19.4% up YoY Rs. 6,414 crore Rs. 1,819 crore 6.2 lacs 1,073 GLP, 15.3% up YoY Disbursement, 43.6% up YoY No. of Loans disbursed, Branches, 21.2% up YoY 31.9% up YoY
Slide 9: Satin's Transformation
“SATIN’s TRANSFORMATION” Process re-engineering and transformation… continues 8
Slide 10: Centralized Share Services (Vision, Scope & Task Criteria)
Centralized Share Services (Vision, Scope & Task Criteria) Vision:- To maximize the effectiveness of the business process and policies by providing and ensuring high quality services to our clients as well as our stakeholders Credit Risk management and Data Customer services quality maintenance Loan
Slide 11: Centralized Shared Services
Centralized Shared Services Branch n1 Centralized Shared Branch n1 Psychometric Service Center Test Loan CB Check Branch n2 Application Branch n2 ABM – n1 ABM – n2 & KYC Collection In case of Rejection, transaction In case of Rejection, transaction Operations at Branch would re-flow to Branch for re
Slide 12: Psychometric Test – First of its Kind in Microfinance Domain
Psychometric Test – First of its Kind in Microfinance Domain Borrower category has 34 questions Test has been designed for two while the Husband category has 29 Test Parameters categories: questions • Integrity • Borrower • Intent To Pay • Husband • Opportunistic Benefits: • No need to rely totally
Slide 13: New Projects & Initiatives – Repayment via AePS
New Projects & Initiatives – Repayment via AePS What it is? Cost Efficient & Productive Overcoming Challenges Aadhaar Enabled Payment System Safety It will save the time and cost Biometrics not mapped at client’s bank (AePS) is a bank led payment involved in cash collection and account: Clients are
Slide 14: Products Offered
Products Offered Ticket Size Tenure Loan Type Loan Product Purpose (Rs.) (In Months) Eligibility Criteria Income Generation Loan • Household Income: Rural-Rs. 1.25 Lacs & 8,000 - 30,000 12-18 (Prarambh) Urban/Semi-Urban- Rs. 2 Lacs • Member Attendance: 100% Mid-Term Loan 6,000 - 29,000 15 (Vistaar)
Slide 15: A Difference Powered by Technological Prowess & Processes
A Difference Powered by Technological Prowess & Processes… Turn Around Time of Customer Acquisition Game Changing Help us to be ahead of the curve to better to disbursement journey Digital Transformation Technology respond to the ever-changing business Reduced from 18 days to a few (LMS) scenarios m
Slide 16: Leading to Operating Efficiency & Scalability
… leading to Operating Efficiency & Scalability New initiatives… ..leading to improved processes Centralized processes Reduced TAT KYC Compliance & Real- time Credit Bureau checks Real-time Decision Making Auto bank reconciliation Faster Book Closing using API Enhanced Productivity Penny drop verifi
Slide 17: To serve 36 lacs+ Customers across India
… to serve 36 lacs+ Customers across India 58% 36,28,465 42,47,693 Clients with Satin as Only No. Of Active Clients No. of Loan Accounts Lender* 377 83,274 No. of Districts No. of Villages 67 2,52,113 No. of Regional Offices No. of Centres 52% 7,788 11,551 No. of First Cycle Customers* No. of Loan O
Slide 18: De-risking geographical concentration
… while de-risking geographical concentration To have become a PAN India Player Share of Top 4 States Reduced from 86% to 55% over 4 years Limiting Exposure per district 85.9 Average exposure per district % % of Top 10 Districts to AUM 12.7 77.3 10.1 -36% 0.50 27 67.7 15.5 0.45 10.2 56.3 19.2 54.8 2
Slide 19: With increasing footprints
… with increasing footprints % of total GLP GLP (Rs. crore) States FY15 H1FY20 Sep’19 UTTAR PRADESH 43.3% 22.4% 1,611 BIHAR 17.2% 14.9% 1,070 MP 18.5% 8.8% 635 2. Reducing exposure to traditional regions DELHI & NCR 5.1% 3.6% 260 UTTARAKHAND 4.0% 1.6% 113 TOTAL 88.1% 51.4% 3,689 % of total GLP GLP (
Slide 20: Deepening presence in Rural India
... and deepening presence in Rural India Break-up of operations Purpose-wise details 2% 4% 23% 18% 77% 76% Rural Urban Agriculture Trading Production Others For MFI portfolio excluding MSME 19
Slide 21: Providing Differentiated Product Offerings
… providing Differentiated Product Offerings Business Correspondent SCNL Housing Finance SME services Product features Taraashna Financial Services MFI(1) Satin Housing Finance Limited(3) Satin Finserv Limited (SFL)(4) as on Sep’19 Limited(2) Start Date May’08 (JLG) May’12(3) Feb’18 Mar’19 Upto Rs.
Slide 22: Opportunities to leverage our customer reach
… with opportunities to leverage our customer reach Satin finances product purchase of solar lamps, bicycles etc. and grants loan for safe water and sanitation facilities Product Financing Benefits Bicycle Loan Solar Products ▪ Enhances the productivity and income generating potential of its clients
Slide 23: Resilient Satin
SATIN CREDITCARE NETWORK LTD. aching out! “RESILIENT SATIN” 22
Slide 24: A full-fledged in-house audit process
A full-fledged in-house audit process Full-fledged in-house Internal Audit Feedback based 112 Compliance Audit Zonal Auditors & Regional Auditors 984 Audits completed in last quarter with 100% Digital 99% compliance on Audit Reports and Findings 18 man-days Quarterly Audit field audit per auditor pe
Slide 25: Robust underwriting techniques
… coupled with robust underwriting techniques Hit Rate for all Products – Q2 FY20 CB Rejection Reason – Q2 FY20 12% 14% 1% 51% 35% 88% Hit No Hit >1 MFI Over Indebtedness Ticket Size Defaulter SCNL Guidelines – Q2 FY20 Rejection Rate for all products is ~18% for Q2 FY20 Limit RBI Guidelines MFIN Gui
Slide 26: Robust processes strengthening underwriting
… robust processes strengthening underwriting Psychometric tests to reduce risk on customers with negative intentions, has made customers filtration process more scientific and transparent Real-time Credit Bureau checks to track loan history of the prospective clients, also created own credit Bureau
Slide 27: Improved Collection Efficiency
… resulting in Improved Collection Efficiency Robust collection efficiency reflecting high credit discipline in disbursement strengthened by process re-engineering Demand Collection Period of disbursement % of AUM Cumulative CE% (Rs. crore) (Rs. crore) Jan’17 to Mar’18(demon impact) 5,703 5,573 8% 9
Slide 28: PAR trends
… PAR trends 35.8 26.6 19.1 14.4 15.3 11.4 6.7 5.9 5.4 5.0 4.4 4.1 3.6 4.4 3.7 3.4 2.9 3.1 Mar'17 Sep'17 Mar'18 Sep'18 Mar'19 Sep'19 PAR 1% PAR 30% PAR 90% ▪ We saw a marginal increase in PAR numbers for the quarter on account of floods in the states of Assam, Bihar, Orissa and Madhya Pradesh. ▪ Thi
Slide 29: A well-diversified Liability Profile
A well-diversified Liability Profile Diversified mix of funding Large Lender Base Source of funds raised during the period 69 Active Lenders Top 10 Funders % Share as on 30 Sep’19 21.3% 28.6% State Bank of India 14% 39.7% 39.6% 5.4% 48.4% NABARD 13% 10.9% 6.4% IDFC First Bank Ltd 7% 1.4% 12.2% 1.7%
Slide 30: Insulated from Capital Market Turbulence
… insulated from Capital Market Turbulence Product-wise Sep’19 Product-wise Mar’19 1% 1% 0% 1% 27% 26% 54% 54% 17% 18% Term Loan NCD Buyout Commercial paper ECB Term Loan NCD Buyout Commercial paper ECB ▪ No dependence on funding from commercial papers ▪ NCDs are primarily subscribed by overseas inv
Slide 31: Insulated from Capital Market Turbulence
… insulated from Capital Market Turbulence Lender-wise Sep’19 Lender-wise Mar’19 1% 1% 15% 13% 17% 17% 59% 57% 8% 12% Banks NBFC Domestic Financial Institution Overseas Fund Domestic Fund Banks NBFC Domestic Financial Institution Overseas Fund Domestic Fund ▪ No dependence on funding from commercial
Slide 32: Strong Capitalization
… and further supported by Strong Capitalization Healthy CRAR to support Growth Opportunities ▪ Tie-up with bank for business correspondence agreement and renewed interest of banks for Direct Assignment are reducing the requirement of capital for growth ▪ Conversion of OCCRPS worth Rs. 45 crore by I
Slide 33: Ample Liquidity
… besides Ample Liquidity Strong Liquidity Position to Sustain Growth Benefit of positive ALM continues Amount raised in last 7 days of Sep’19: Rs.651 crore 23.9 1,883 22.3 22.1 21.5 1,639 18.4 1,108 11.7 10.3 787 8.4 8.5 9.0 710 FY16 FY17 FY18 FY19 H1FY20 FY16 FY17 FY18 FY19 H1FY20 Avg. maturity of
Slide 34: Structurally Positive ALM
… and a Structurally Positive ALM Static ALM as on 30 Sep’19 (Rs. Crore) Oct-19 Nov-19 Dec-19 Jan-19 Feb-19 Mar-19 Total Inflows Liquidity at the beginning of month* 1,883 2,059 2,234 2,314 2,235 2,352 1,883 Principal - Loan portfolio 313 287 290 291 239 245 1,664 Interest - Loan portfolio 74 62 60
Slide 35: Growth while Focusing on Quality
… resulting in Growth while Focusing on Quality Average monthly disbursement in (Rs. crore) 771 658 602 606 444 446 422 419 383 397 Q1 Q2 Q3 Q4 FY18 FY19 FY20 Data on standalone basis 34
Slide 36: Key Standalone Financials
Key Standalone Financials Gross Income (Rs. crore) Cost to Income Ratio (%) 1,373 61.6% 977 54.6% 54.7% 51.4% 50.8% 333 345 352 Q2FY19 Q1FY20 Q2FY20 FY18 FY19 Q2FY19 Q1FY20 Q2FY20 FY18 FY19 NII and PAT (Rs. crore) Opex to GLP* (%) 734 6.9% 6.7% NII 445 6.5% PAT 6.3% 6.2% 184 182 198 195 55 82 44 41
Slide 37: Key Operation Metrics (1/2)
Key Operation Metrics – (1/2) Districts, States and Branches Employees & Loan Officers 1,2991 1,163 7,8232 995 6,926 431 767 22 22 6,382 11,831 11,5513 18 4,481 1,325 1,472 16 16 9,004 2,684 6,910 1,344 340 359 1,109 302 10,419 235 9,832 215 7,653 5,801 3,918 FY16 FY17 FY18 FY19 H1FY20 FY16 FY17 FY1
Slide 38: Key Operation Metrics (2/2)
Key Operation Metrics – (2/2) Steady Growth seen in Disbursement Disbursement1 (Rs. crore) & No. of Loans1 (‘000) Satin JLG loans - Average Ticket Size (Rs.) 2,339 1,816 30,000 1,689 29,000 1,566 1,257 26,000 24,000 6,252 23,000 5,572 3,606 3,594 3,626 FY16 FY17 FY18 FY19 H1FY20 FY16 FY17 FY18 FY19
Slide 39: Re-engineering Future with expanding scope through subsidiaries
Re-engineering Future with expanding scope through subsidiaries Core operations ▪ Continued Focus on Portfolio Quality ▪ Differentiated processes and controls to be better equipped to handle any exigency ▪ Aim to achieve per state exposure to <20% by 2020, and per district exposure to <1% of AUM ▪ F
Slide 40: Our Guidance
Our Guidance Guidance FY19 Actual FY19 Guidance FY20 260 201 165 PAT (Rs cr) Data on consolidated basis 39
Slide 41: Annexure – Business Details – Consolidated
Annexure – Business Details – Consolidated Particulars Q2 FY20 Q2 FY19 YoY% Q1FY20 QoQ% AUM (Rs. crore) 7,182 6,191 16.0% 7,139 0.6% On-Book AUM* 4,140 5,128 -19.3% 4,344 -4.7% Securitization 113 564 -79.9% 246 -54.1% Assignment 1,662 218 663.4% 1,475 12.6% Business Correspondence 612 215 184.5% 648
Slide 42: Annexure – Business Details – Consolidated
Annexure – Business Details – Consolidated Particulars Q2 FY20 Q2 FY19 YoY% Q1FY20 QoQ% No. of Employees 11,551 10,972 5.3% 11,085 4.2% SCNL 9,832 9,579 2.6% 9,555 2.9% TFSL 1,472 1,352 8.9% 1,342 9.7% SHFL 130 41 217.1% 106 22.6% SFL 117 - - 82 42.7% No. of Loan Officers 7,823 6,554 19.4% 7,023 11.
Slide 43: Annexure – P&L Statement – Consolidated (Quarterly)
Annexure – P&L Statement – Consolidated (Quarterly) Particulars (Rs. crore) Q2FY20 Q2 FY19 Q1FY20 YoY% QoQ % Revenue Interest and Fee Income 238 302 249 -21.3% -4.4% DA Income 57 18 39 215.8% 45.5% Treasury Income 33 23 30 43.5% 9.9% BC Fees 30 18 31 66.7% -2.0% Other Operating Income 9 9 4 -5.2% 97
Slide 44: Annexure – P&L Statement – Consolidated (Half yearly)
Annexure – P&L Statement – Consolidated (Half yearly) Particulars (Rs. crore) H1FY20 H1FY19 YoY% Revenue Interest and Fee Income 487 594 -17.9% DA Income 96 18 432.9% Treasury Income 63 40 58.0% BC Income 62 36 71.6% Other Operating Income 13 11 15.0% Total Revenue 720 698 3.1% Expenses Finance Cost
Slide 45: Annexure - Operational Details – Standalone (Quarterly)
Annexure - Operational Details – Standalone (Quarterly) Particulars Q2FY20 Q2FY19 Q1FY20 YoY% QoQ % Gross AUM (Rs. crore) 6,414 5,561 6,467 15.4% -0.8% No. of districts 359 318 350 12.9% 2.6% No. of branches 1,073 885 1,024 21.2% 4.8% No. of States of operation 22 20 22 10.0% 0.0% No. of Employees 9
Slide 46: Annexure - Operational Details – Standalone (Quarterly)
Annexure - Operational Details – Standalone (Quarterly) Particulars Q2FY20 Q2FY19 Q1FY20 YoY% QoQ % Productivity Metrics for MFI lending Gross AUM/ Branch (Rs. crore) 5.7 6.2 6.3 -7.6% -5.5% Gross AUM/ Loan Officer (Rs. crore) 0.9 1.0 1.0 -4.9% -10.4% Disbursement/ Branch (Rs. crore) 1.7 1.4 1.7 18.
Slide 47: Annexure - Financial Performance – Standalone
Annexure - Financial Performance – Standalone Particulars (Rs crore) H1FY20 Q2FY20 Q2 FY19 Q1FY20 FY19 Gross yield (1) 21.21% 21.44% 25.71% 20.74% 23.97% Financial Cost Ratio(2) 9.30% 9.12% 12.27% 9.38% 11.15% Net Interest Margin(3) 11.91% 12.32% 13.44% 11.36% 12.81% Operating Expense ratio(4) 6.50%
Slide 48: Annexure - P&L Statement – Standalone (Quarterly)
Annexure - P&L Statement– Standalone (Quarterly) Particulars (Rs crore) Q2 FY20 Q2 FY19 Q1 FY20 YoY% QoQ % Revenue Interest and Fee Income 233 303 245 -23.2% -5.2% DA Income 57 18 39 215.8% 45.5% Treasury Income 31 22 28 43.1% 11.2% BC Income 17 3 16 466.5% 1.2% Other Operating Income 8 6 4 22.1% 96
Slide 49: Annexure - P&L Statement – Standalone (Half yearly)
Annexure - P&L Statement– Standalone (Half yearly) Particulars (Rs crore) H1FY20 H1FY19 YoY% Revenue Interest and Fee Income 478 594 -19.6% DA Income 96 18 432.9% Treasury Income 60 38 56.7% BC Fees 33 3 878.0% Other Operating Income 12 8 46.7% Total Revenue 678 662 2.5% Expenses Finance Cost 297 32
Slide 50: Annexure - Operational Details – TFSL
Annexure - Operational Details – TFSL Particulars Q2 FY20 Q2 FY19 YoY% Q1 FY20 QoQ% Gross AUM (Rs. crore) 591 604 -2.1% 542 8.9% Disbursement during the period (Rs. crore) 209 170 23.3% 108 93.9% No. of loans disbursed during the period 64,444 62,878 2.5% 37,658 71.1% No. of Active Customers 355,731
Slide 51: Annexure - P&L Statement – TFSL
Annexure - P&L Statement – TFSL Particulars (Rs crore) Q2 FY20 Q2 FY19 Q1 FY20 YoY% QoQ % Revenue Total Revenue 14.3 17.2 16.2 -16.9% -11.7% Expenses Finance Cost 1.0 0.4 0.5 129.0% 106.0% Employee Benefit Expenses 9.3 8.3 9.9 11.6% -6.7% Credit Cost 1.1 1.5 2.0 -24.1% -44.1% Other Expenses 2.1 3.1
Slide 52: Annexure - Operational Details – SHFL
Annexure - Operational Details – SHFL Particulars Q2 FY20 Q2 FY19 YoY% Q1 FY20 QoQ% Gross AUM (Rs. crore) 116 27 336.7% 101 14.9% Average Ticket Size (Rs) 1,341,000 1,493,000 -10.2% 1,386,000 -3.2% Disbursement (Rs. crore) 18 15 19.5% 24 -25.4% CRAR (%) 128.95 185.84 -30.6% 126.60 1.9% No. of Branch
Slide 53: Annexure - Financial Details – SHFL
Annexure - Financial Details– SHFL Particulars (Rs crore) Q2 FY20 Q2 FY19 Q1 FY20 YoY% QoQ % Revenue Interest and Fee Income 3.9 0.7 3.2 450.7% 20.3% Treasury Income 0.5 0.3 0.3 96.8% 60.3% Other income 0.2 0.3 0.2 -33.6% 29.8% Total Revenue 4.6 1.3 3.7 263.9% 24.1% Expenses Finance cost 1.7 - 1.4 -
Slide 54: Annexure - Financial & Operational Details – SFL
Annexure - Financial & Operational Details – SFL Particulars Q2 FY20 Particulars (Rs crore) Q2 FY20 Gross AUM (Rs. crore) 62 Revenue Interest and Fee Income 2.28 Average Ticket Size (Rs) 1,168,000 Treasury Income 0.09 Disbursement (Rs. crore) 36.0 Other income 0.02 No. of Loan Disbursed 283 Total Re
Slide 55: Industry Performance
Industry Performance 12,145 (+33% Y-o-Y) 94,325 (+34% Y-o-Y) 2.73 crore (+34% Y-o-Y) Branch Network Employee Base Total Clients 3.20 crore (+39% Y-o-Y) Rs. 26,596 (+9% Y-o-Y) Rs. 56,827 crore (+44% Y-o-Y) Total Loan Accounts Average Ticket Size Assets Under Management (AUM) 56,827 Off Balance Sheet
Slide 56: Industry Growth Drivers
Industry Growth Drivers Massive growth Healthy growth in Increased Government focus potential of MSME Large unmet affordable housing penetration of on digitisation and BC sectors demand in the finance segment technology in industry rural areas 55
Slide 57: Company Background
LE spon CE COMPANY BACKGROUND
Slide 58: Key milestones: Crossed the USD 1 billion AUM mark
Key milestones: Crossed the USD 1 billion AUM mark Business Timeline 2015 2016 2017 2018 2019 Received NBFC license for Listing on NSE, BSE and CSE(2); SHFL commenced lending in Started MSME Lending in Reaches 27.1 lacs active Satin Finserv Ltd for MSME Feb18; BC agreement with Received top MFI grad
Slide 59: Key milestones: Fund Raising Timeline
Key milestones: Crossed the USD 1 billion AUM mark Fund Raising Timeline 2015 2016 2017 2018 2019 ▪ Raised Rs.41.5 crore ▪ Raised Rs.250 crore ▪ In Apr’17, raised $10 ▪ Pref. Allotment: ▪ Exit of MV Mauritius from SBI FMO(3) via QIP in Oct’16; mn from ADB(4) ; Equity funding by (including warrants);
Slide 60: Management Team (1/2)
Management Team (1/2) Mr. HP Singh Mr. Jugal Kataria Chairman and Managing Director Chief Financial Officer • Has over 3 decades of experience in Financial • Cost Accountant, Chartered Accountant and Services Company Secretary along with 28+ years of experience in the field of accounts, finance, aud
Slide 61: Management Team (2/2)
Management Team (2/2) Mr. Sanjay Mahajan Mr. Subir Roy Chowdhury Chief Information Officer Chief Human Resource Officer • Experience of 28+ years in Information Technology • Experience of 22+ years in HR functions across the Globe • Previously worked with Magma Fincorp, ICICI • Previously worked wit
Slide 62: Differentiated Investment Choice
Differentiated Investment Choice... Marquee Shareholder Base As on Sep 30, 2019 Investor confidence 15.14% Promoter ▪ 7 rounds of equity capital raised with marquee investors 29.70% NMI ▪ Profitable exit to 4 investors ▪ QIP: Rs. 250 crore from marquee institutions in Oct 2016, SBI-FMO Rs. 150 crore
Slide 63: Our Subsidiaries
Our Subsidiaries Expanding scope of business through subsidiaries SATIN CREDITCARE NETWORK LIMITED Taraashna Financial Satin Housing Finance Ltd Satin Finserv Limited Services Ltd (SHFL) (SFL) (TFSL) Subsidiaries are also rooted in the same values as pursued by Satin 62
Slide 64: Taraashna Financial Services Ltd (TFSL)
Taraashna Financial Services Ltd (TFSL) ▪ Acting as a business correspondent for Banks & NBFCs, TFSL provides credit and other related facilities to clients in rural and semi-urban areas ▪ ‘Digitization and Cashless’ focus has helped in achieving superior operational control down to the last busines
Slide 65: Satin Housing Finance Ltd (SHFL)
Satin Housing Finance Ltd (SHFL) ▪ Engaged in providing long-term finance ▪ Home loans for retail segment – 89% of business for Q2FY20 ▪ Loans against residential property ▪ Boasts of excellent portfolio quality with NIL delinquency since inception ▪ Mainly caters to customers belonging to the Middl
Slide 66: Satin Finserv Limited (SFL)
Satin Finserv Limited (SFL) ▪ Incorporated in Aug’18 ▪ Got license from RBI to start the business in Jan’19 ▪ First loan successfully disbursed in Mar’19 ▪ Gross Loan Portfolio of Rs. 62 crore in Q2FY20 ▪ CRAR for Q2FY20 is 79.56% ▪ Equity infusion of Rs 30 crore by SCNL during Q2FY20 ▪ Business wil
Slide 67: Making a Difference to the Community
Making a Difference to the Community Health Check-up Camps We regularly organise health check-up Flood Relief Camps Support the Maharaja Agrasen Hospital Charitable camps along with campaigns focusing on Organised relief activities and distribution of Trust (MAHCT) health and hygiene ration to flood
Slide 68: Awards and Accolades
Awards and Accolades ▪ Mr. HP Singh, CMD, was conferred the ‘Golden Globe Tiger Awards’ at an awards ceremony in Malaysia ▪ Mr. HP Singh received the ‘Exemplary Leader’ Award ▪ Mr. Dev Verma, Chief Operating Officer, was presented the ‘Leader of the Year’ Award ▪ ‘Digital Innovation in Microfinance’
Slide 69: Contact information
Contact information Company (Investors) : Company (Media) : Ms. Aditi Singh Ms. Asleen Kaur Head – Capital Markets & Investor Relations PR & Corporate Communications E: aditi.singh@satincreditcare.com E: asleen.kaur@satincreditcare.com T: +91 124 4715 400 (Ext – 222) T: +91 124 4715 400 (Ext – 224)
Slide 70: Thank You
Thank You SATIN CREDITCARE NETWORK LTD. Reaching out!
Satin Creditcare Network — Q2 FY2020 Earnings Presentation on 6ix