Business Update15 Apr 2025, 02:11 pm
Satin Creditcare Network Implements Cap on Number of Microfinance Lenders
AI Summary
Satin Creditcare Network Ltd. has implemented a cap on the number of microfinance lenders serving a single client, aligning with the stricter lending principles introduced by Microfinance Institutions Network (MFIN) under Guardrails 2.0. The new policy, limiting the number of microfinance lenders to three per client, will be effective from April 2025. The company has updated its internal policies and processes accordingly to comply with the new regulations.
Key Highlights
- Satin Creditcare Network implements cap on number of microfinance lenders
- New policy aligns with MFIN's Guardrails 2.0 stricter lending principles
- Limit set to three microfinance lenders per client
- Effective from April 2025
- Company updates internal policies and processes accordingly