Satin Financial Review and Growth Strategy
1. Leading MFI player with differentiated Product Offerings
Product features
as on Sep'20
Start Date
Ticket Size Range
Tenure
Frequency of Collection
No. of States/UTS
No. of Branches
AUM (Rs. crore)
No. of loan accounts
Avg. Ticket Size for Q2FY21
Notes
SATIN
Business Correspondent
SCNL
Housing Finance
SME
Services
MFI(1)
Taraashna Financial Services
Limited (2)
Satin Housing Finance Limited (3)
Satin Finserv Limited (SFL)(4)
May'08 (JLG)
Upto Rs. 50,000
May'12
Feb'18
Mar'19
Upto Rs. 50,000
Rs. 100,000 4,000,000
Rs. 100,000 100,000,000
-
(JLG Microfinance)
6-24 months
Bi-Weekly
12 24 months
Bi-Weekly
24-240 months
Monthly
12 120 months
Monthly/Quarterly
23
7
8
1,022*
201
14
15
6,448(5)
3,294,318
Rs. 23,000 (JLG)
639
164
120
352,340
1,637
1,205
Rs. 29,700
Rs. 1,213,000
Rs. 432,000 (Retail) (6)
(1) As on Sep 20, included MFI Lending (loans under JLG model, IndusInd BC and water & sanitation) and Product Financing (Loans for solar lamps, cycles);
(2) TFSL acquisition is effective Sep 1, 2016;
(3) Satin Housing Finance Ltd was incorporated on April 17, 2017
(4) SFL was incorporated on August 10, 2018
(5) SCNL also has MSME portfolio of Rs. 297 crore other than MFI portfolio
(6) Average Ticket Size of Retail Financing is 4.32 lacs. Overall, the average ticket size of SFL is Rs. 9.8 lacs
*As of Q2FY21, there were 1,025 branches with Microfinance operations & 27 branches with MSME operations. Out of the 27 MSME branches, 24 of them also had microfinance operations & 3 were unique
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