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SPANDANA NPA RATIO
J&K Bank profit jumps 36% as asset quality and growth improveJammu & Kashmir Bank reported a 36% rise in Q4 profit with improved asset quality and higher operating profit. Annual profit hit a record h...- 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 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...
- 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...
- Bad to worse: Microfinance sector NPAs hit ₹50,000 crore at the end of December last yearNon-performing assets in the microfinance sector soared to ₹50,000 cr at the end of December, reaching a 13% ratio of gross loans. The sect...
- 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 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...
- 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...
- Spandana Sphoorty shares hit 5% upper circuit on sale of stressed loan“The board has approved the transfer of stressed loan portfolio including written-off loans of Rs 323.08 crore outstanding as on September ...
- IPO-bound Fusion Microfinance plans secured loan arm for SMEsThe IPO-bound Fusion Microfinance, which has been piloting a small business-focused secured lending book, is commercially launching it from...
- Spandana Sphoorty swings back to black in Sept quarterThe higher delinquencies caused due to Covid-19 pandemic and resignation of the erstwhile managing director have resulted in breach of some...
- Spandana Sphoorty sheds 5% as delayed Q2 results show Rs 58-cr net lossThe microfinance lender delayed the announcement of its second-quarter results as it failed to complete the audit in time due to the flux i...
- Spandana Sphoorty posts Rs 59 crore loss in Q2Spandana Sphoorty Financial, which was caught in a bitter fight between its promoter and private equity investor Kedaara Capital, reported ...
- Spandana Sphoorty showing strong fundamentals, visible growth curveThe number of borrowers more than doubled to 24.6 lakh during the period.
- Growth potential, low NPAs make Spandana a good buyThe promoters will also sell a portion of existing shares worth up to Rs 801 crore.
- Andhra crisis is now hurting MFIs' national interestThe recent SKS Microfinance results show Andhra Pradesh is a severe pain point for the sector. Neither banks nor the state government is ke...
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