Reddy founded Spandana in 1998 and successfully revived it to one of the country’s biggest microfinance lenders after going through the ord...

Spandana called a board meeting on March 18 and announced the appointments of Saxena as MD and Ashish Damani as chief financial officer for...

A little over 81% of the company's shareholders approved the preferential allotment. Special resolutions like these needed 75% approval.

Microfinance lender Spandana Sphoorty Financial faces fresh troubles over fundraising as some minority shareholders get ready to challenge ...

The lender is in the process of seeking shareholders' approval for the same through e-voting, which commenced on February 15 and will conti...

Keertana Financial would focus on secured gold loans and small ticket business loans, Reddy told ET in an exclusive interaction.

The 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 Financial, which was caught in a bitter fight between its promoter and private equity investor Kedaara Capital, reported ...

For investors, the saga has come to a disappointing end with Axis Bank likely pulling the plug on the potential acquisition. Shares of the ...

Spandana Sphoorty had announced it was hiring Shalabh Saxena as managing director and chief executive, and Ashish Damani as chief financial...

IndusInd said the announcement regarding the hire of CEO wasn't correct because Shalabh Saxena hasn't yet resigned from Bharat Financial In...

The new management at Spandana has also hired an independent agency to probe into issues concerning the IT system and operations of Criss F...

Earlier, Spandana Sphoorty Financial managing director Padmaja G Reddy resigned from the microfinance lender following disagreement with pr...

The board of Spandana has accepted MD Padmaja G Reddy's resignation with immediate effect. It will be hiring an eminent industry veteran as...

Backed by veteran investor Rakesh Jhunjhunwala, the gaming technology company had caught investors’ imagination over the past nine months. ...

Microfinance companies have to maintain a minimum capital adequacy (CAR) ratio of 15%.

With this, Spandana has managed to wriggle out of its status as a defaulting institution and has repaid all its lenders