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SPANDANA BAD LOANS
As costs remain high, MFIs raise ratesMicrofinance lending rates are rising for the poorest borrowers. This is happening despite a government credit guarantee scheme designed to...- Microfinance shows spark but shrinks to lowest in 3 yearsThe Indian microfinance market has shrunk to ₹3.22 lakh crore, marking a significant 16% year-on-year decline and reaching a three-year low...
- Microfinancier Spandana Sphoorty faces slow recovery amid CEO exit, high employee turnoverSpandana Sphoorty Financial faces a challenging recovery due to leadership changes and high employee turnover, impacting operational effici...
- Spandana Sphoorty posts Rs 360-crore loss in Q1; fourth in a rowSpandana Sphoorty Financial reported a consolidated net loss of ₹360 crore in the first fiscal quarter, marking its fourth consecutive quar...
- Spandana Sphoorty posts Rs 360 crore Q1 loss on bad loan impactMicrofinance company Spandana Sphoorty Financial suffered a consolidated net loss of Rs 360 crore in the first quarter of the fiscal, makin...
- Spandana's top ten investors to buy into Rs 400-crore rights issueSpandana Sphoorty Financial's ₹400-crore rights issue, opening August 1, has secured participation from its top 10 institutional investors,...
- Spandana Sphoorty to launch Rs 400 crore rights issue at steep discountSpandana Sphoorty Financial will open a ₹400 crore rights issue on August 1 at ₹230 per share—nearly 25% below market price—to address asse...
- 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 plans Rs 750-crore capital raise with Kedaara Capital's equity infusionSpandana Sphoorty Financial is considering a rights issue, potentially with Kedaara Capital's participation, to raise Rs 750 crore and bols...
- Signs of revival: Five listed NBFC-MFIs take Rs 2,440 cr bad loans off balance sheets in Jan-MarchMicrofinance lenders in India aggressively cleared bad loans in Q4 FY25, significantly impacting profitability. This strategic move aims to...
- 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...
- Spandana Sphoorty Financial suffers 2nd quarterly loss, breaches borrowing covenants, regulatory normSpandana Sphoorty Financial posted a ₹440 crore net loss in Q3 FY24, its second consecutive quarterly loss, driven by ₹626 crore bad loan w...
- Spandana Shpoorty Financial Q2 Results: Net profit zooms 127% to Rs 125 crore on business expansionIts net interest margin for the quarter was at 14.1%, improved 113 basis points over the year-ago quarter. Its income for the September qua...
- 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...
- Spandana Sphoorty showing strong fundamentals, visible growth curveThe number of borrowers more than doubled to 24.6 lakh during the period.
- Spandana Sphoorty raises $270mn in fresh fundingWith this, Spandana has managed to wriggle out of its status as a defaulting institution and has repaid all its lenders
- 3 MFIs Spandana Sphoorty Financial, Share Microfin and Asmitha Microfin decide against mergerThree microfinance firms which had proposed a merger at the time of their debt recast talks with banks in August have now called off the pl...
- Microfinance Crisis: MFIs with sizeable presence in Andhra Pradesh on the brink of closureIf that's the plight of India's second largest MFI, Spandana, half of whose portfolio is locked in Andhra, how are smaller MFIs with an equ...
- Management practices at many MFIs cause concernWhat’s perhaps worrying the regulator and some of the stakeholders is that the MFIs are still being run like small family-owned firms.
- RBI to MFIs: Shape up or face musicIndia’s booming microfinance segment is under the scanner, with RBI issuing a veiled warning that it could be taken off the priority sector...
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