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SPANDANA SPHOORTY CASE
Microfin in major crisis with near-2x NPA surge; Joint-liability lending model on shaky groundIndia's microfinance sector is facing a severe crisis as delinquency rates have surged, with gross NPAs reaching 16% in FY25. This rise has...- Problems of over-lending in microfinance surface againOverleveraging in microfinance has resurfaced despite RBI's regulations from two years ago. Issues include unreliable household income meas...
- Q1 results today: ICICI Bank, Dr Reddy's among 34 companies to announce earnings on SaturdayFinolex Industries, IEC Education, IFB Industries, J&K Bank, Jaiprakash Power, SBFC Finance, Vishal Fabrics, Spandana Sphoorty, Smruthi Org...
- Nifty target price increased to 25,638; HDFC Bank among 19 conviction picks: InCred EquitiesAs the VIX returns to a near-13 level, a domestic brokerage firm reaffirms its optimistic outlook for the Indian market. The firm highlight...
- Globus Spirits, Maruti, RIL among 20 high-conviction stock ideas for JanuaryIncred Equities remains most bullish on Globus Spirits where it sees an upside of whopping 188%. Its recommendation is an 'add' for a price...
- Diwali doublers: InCred gunning for 3 stocks that can gain up to 311% in 3 yearsA bottoms-up stock analysis of companies with strong business momentum, healthy ROE/ROCE profile, at least 15% EPS CAGR for FY24-26F, and a...
- Kedaara in talks with Yes Bank for sale of Spandana SphoortyAbout 18 months ago, Kedaara had shelved a similar plan following allegations by Spandana founder Padmaja Gangireddy that it was selling of...
- Stocks in news: TCS, Delhivery, Delta Corp, HDFC Bank, Nestle, Venus PipesDomestic fund house PGIM India Mutual Fund has sold its stake in Sagar Cement, while ICICI Pru Mutual Fund bought shares through a block de...
- Spandana Sphoorty Financial pays Rs 25L to settle case with SebiSSFL is registered with the Reserve Bank of India (RBI) since April 2015. Pursuant to its initial public offer, its shares were listed on t...
- Stocks in the news: TCS, Power Grid, DRL, 5Paisa, Tata Motors and DmartSpandana Sphoorty, Mishtann Foods, 5Paisa Capital and Star Housing Finance are among the companies that will announce their quarterly earni...
- Padmaja Reddy rules out signing non-compete clause with present Spandana Sphoorty managementReddy founded Spandana in 1998 and successfully revived it to one of the country’s biggest microfinance lenders after going through the ord...
- 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...
- Market Movers: Axis Bank loses Spandana; Paytm, Nykaa burdened by anchorsFor investors, the saga has come to a disappointing end with Axis Bank likely pulling the plug on the potential acquisition. Shares of the ...
- Up to 350% rally YTD: 275 stocks where promoters raised stake in Q2Data shows stocks of 46 per cent of the companies where promoter holding went up have rallied up to 350 per cent since January this year, w...
- The Week That Was: Ujjivan SFB among top gainers; Big Bull touch lifts FirstsourceHere are the stocks that saw major movement last week.
- Microfinance stocks shine through the NBFC gloomIn the case of Spandana and CreditAccess, 95% and 86% borrowers are from rural areas.
- Buy Spandana Sphoorty Financial, target price Rs 800: Yes SecuritiesThe brokerage is positive about profitability/growth normalization in FY22.
- Birla Mutual Fund invests Rs 400 crore in micro-finance company Spandana SphoortyThe funding will be utilised by the microfinance company to increase its lending portfolio in the 586 branches operated by the company acro...
- Once cursed, IPO may be SKS Microfinance’s blessingIndustry observers say micro-lender is best placed to survive current crisis with its greater capital buffer.
- Share Microfin MD takes home 7.4 cr, more than double HDFC Bank MD's salaryAn above-industry average salary is also being drawn by Kumar’s wife Vidya Sravanthi at Asmitha Microfin, another of India’s top 10 microfi...
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