DFCC Bank PLC is proud to announce its role as a Lead Arranger in a landmark USD 100 million Social Loan Facility raised by Satin Creditcare Network Limited (SCNL), one of India’s largest microfinance institutions. The syndicated facility, arranged by Standard Chartered Bank, India, is structured under the globally recognised Social Loan Principles, with DFCC Bank’s contribution also aligned with these standards.
Proceeds from the loan will be directed toward onward lending to underserved women entrepreneurs in rural and semi-urban regions of India, supporting inclusive growth and economic empowerment. The initiative reflects DFCC Bank’s ongoing commitment to promoting sustainable development, financial inclusion, and cross-border partnerships across South Asia.
“Our participation in this syndicated social loan is a strategic milestone for DFCC Bank as we continue to expand our regional footprint and support impactful, inclusive growth. Satin Creditcare’s mission to empower women and uplift marginalised communities resonates deeply with our core values,” said Sohantha Wijesingha, Senior Vice President / Head of Corporate Banking at DFCC Bank.
SCNL, with over 3.5 million active customers across 27 Indian states and union territories, will utilise the funding to provide collateral-free microloans, especially for women from Below Poverty Line (BPL) households. The initiative aims to foster income-generating activities, enabling greater financial independence and improved livelihoods.
The facility also contributes directly to the Sustainable Development Goals (SDGs), particularly in the areas of gender equality, rural development, and entrepreneurship.
This transaction represents another step forward in DFCC Bank’s evolving strategy to position itself as a trusted partner for impact finance and cross-border financial cooperation in South Asia.
About DFCC Bank
DFCC Bank PLC, established in 1955 and listed on the Colombo Stock Exchange since 1956, is one of Sri Lanka’s leading financial institutions. Regulated by the Central Bank of Sri Lanka and rated A (lka) by Fitch Ratings, the Bank offers a comprehensive portfolio of retail, corporate, and SME banking services, along with treasury, investment, and trade finance solutions.
With customer centricity and sustainable innovation at its core, DFCC Bank delivers seamless and secure banking experiences, which include digital platforms like DFCC MySpace, and through a network of 138 branches and access to over 5,500 ATMs via the LankaPay network.
A recognised leader in sustainable finance and renewable energy initiatives, DFCC Bank is committed to reducing environmental impact and fostering long-term economic resilience.