Satin Creditcare Network has reported a net profit of INR 940m ($12m), a 59% increase YoY. The rise was attributed to stronger asset quality and the expansion of the business. The net interest income increased by 39% to INR 2.51bn. RoA was 4.9% and RoE was 20%. The company showed an improvement in asset quality, with gross non-performing assets ratio standing at 3.3% compared to 8% YoY. Satin grew at a rate of 25%, with an AUM of INR 79.29bn. The lender's asset under management has grown YoY by 24% to INR 792.9 crores, meanwhile quarterly disbursement of INR 25.46bn has been the highest ever.