Once a key player in the lending revolution, Spandana Sphoorty has seen its fortunes fluctuate – not just due to market forces but also boardroom infighting. The latest setback came with CEO Shalabh Saxena’s exit amid a surge in bad loans that’s rattling the company and the wider industry.
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Why the drama never ends at microlender Spandana Sphoorty
Once a key player in the lending revolution, Spandana Sphoorty has seen its fortunes fluctuate – not just due to market forces but also boardroom infighting. The latest setback came with CEO Shalabh Saxena’s exit amid a surge in bad loans that’s rattling the company and the wider industry.
Source link
Disclaimer
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
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