SFB licence will be a major force multiplier: Satin Creditcare's H P Singh

We are still doing our business and will be ready with whatever we need to do, says Singh

Gurugram-based Satin Creditcare Network (SNN) is set to apply for a small finance bank (SFB) licence. It was badly singed as a microfinance institution during demonetisation, but has since bounced back. SNN’s chairman and managing director, H P Singh, spoke to Raghu Mohan on the need to transform into an SFB for reasons ranging from stability in funding to hawking a wider suite, given its reach in the hinterland. Edited excerpts:

Why do you want to convert into a small finance bank (SFB) from a micro-finance institution (MFI)?

We are present in 330 of the 720-odd districts, or say in half of