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Satin Creditcare Back In Black On Higher Disbursements
Improvement in loan growth helped Satin Creditcare return to profits in the second quarter.
14 Nov 2017, 06:06 PM IST 
Indian rupee notes and coins displayed in Mumbai, India (Photographer: Santosh Verma/ BloombergNews)
Satin Creditcare Network Ltd. returned to the black in the July-September quarter with a profit of Rs 13 crore compared to a loss of Rs 78 crore in the previous quarter, aided by a pickup in disbursements, Chairman and Managing Director HP Singh told BloombergQuint.
Disbursements returned to its pre-demonetisation levels, resulting in the turnaround, he added.
Watch the full interview here: