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SHALABH SAXENA
Spandana Sphoorty to raise Rs 400 crore via rights issue for FY26 plansSpandana Sphoorty Financial will raise up to Rs 400 crore through a rights issue as part of its Rs 750 crore FY26 equity plan. Board meets ...
Spandana Sphoorty Financial said to be under RBI lensThe Spandana board on Wednesday appointed chief financial officer Ashish Kumar Damani as the interim chief executive of the company. Saxena...
Spandana Sphoorty MD Shalabh Saxena resigns, Ashish Damani takes charge as interim CEOSpandana Sphoorty Financial's MD, Shalabh Saxena, has resigned to explore new career paths, prompting the appointment of Ashish Kumar Daman...
Spandana Sphoorty Financial stops adding new-to-credit customersMicrofinance company Spandana Sphoorty Financial has halted acquiring new-to-credit customers and stopped onboarding new clients in 14% of ...
Spandana Sphoorty Financial Q1 results: Net profit falls 53% yoy to Rs 55.7 crore“The first quarter of the fiscal was a challenging one for the company. The long drawn seven phase general elections, severe heat wave acro...
Spandana Sphoorty Financial Q4 Results: Net profit rises 22% YoY to Rs 129 croreIts quarterly net interest margin, a key profitability metrics, improved to 14.6% from 13.9% seen in the year ago quarter. This was helped ...
Spandana Sphoorty profit rises 79% in Q3The lender's asset quality improved year-on-year but slipped a bit sequentially. Saxena attributed this to the transition from monthly repa...
Spandana Sphoorty sets 23% medium term growth targetSpandana Sphoorty Financial, a microfinance lender, is aiming to grow at a compounded rate of 23% in the next three-four years, which will ...
Spandana Sphoorty Q1 Results: Interest income more than doubles to Rs 493 croreThe asset under management for Spandana jumped 60% to Rs Rs 8,848 crore while gross non-performing assets ratio fell to 1.63% at the end of...
Microfinance industry to grow 18 to 20% for next two years: Shalabh SaxenaSo you know, is there is this just temporary, I would say that we are expecting about 18 to 20% growth at industry level for the next two y...
Spandana Sphoorty shares jump 10%, hit 52-week high post Q4 resultsSpandana Sphoorty Financial's Q4 FY23 net profit increased by 268% to INR 105.55 crore ($14.1m), which boosted the company's shares by almo...
Spandana Sphoorty Q4 Results: PAT rises to Rs 105 cr; aims to disburse Rs 11,500 cr in FY24For FY23, its post-tax net profit declined to Rs 12.31 crore against Rs 69.8 crore in the year-ago period. A statement from Spandana Sphoor...
Spandana Sphoorty posts net loss of Rs 220 cr for Jun qtrThe company's core interest income slipped to Rs 244 crore during the quarter against Rs 397 crore.There was a pre-provision operating prof...
Spandana Sphoorty net profit rises 50% to Rs 75 cr in March-qtrSpandana had informed the stock exchanges about delay in submitting the financial results for the financial year ended March 31, 2022 as it...
Spandana Sphoorty's founder and former MD Padmaja Reddy moves courtSpandana called a board meeting on March 18 and announced the appointments of Saxena as MD and Ashish Damani as chief financial officer for...
IndusInd Bank's internal investigation hints at procedural lapses by Bharat Financial InclusionDeloitte India, which is doing an external review on the matter, is likely to submit its report in a week’s time, two people familiar with ...
Bharat Financial Inclusion top officials resignTop executives of Bharat Financial Inclusion (BFIL), a fully-owned subsidiary of IndusInd Bank, have resigned from the company last week, t...
IndusInd won't release unit's executives Spandana says it's hiringSpandana Sphoorty had announced it was hiring Shalabh Saxena as managing director and chief executive, and Ashish Damani as chief financial...
IndusInd Bank, Spandana Sphoorty spar over top management appointmentsIndusInd said the announcement regarding the hire of CEO wasn't correct because Shalabh Saxena hasn't yet resigned from Bharat Financial In...
Money laundering case: Chhagan Bhujbal's son surrenders before court, released on bailChhagan Bhujbal is also accused of receiving kickbacks in the contract for state central library on Kalina campus of Mumbai University.