Spandana Finance

"But when the 14th finance commission was implemented after the BJP came. the truth – We all concur with you Amitji BSY-BJP is the most corrupt," tweeted Divya Spandana of the Karnataka unit of the Congress. Spandana posted an.

For the third year running, MIX has released it’s Composite Ranking of the performance of microfinance institutions and Grameen Financial Services Pvt Ltd is the highest ranked Indian MFI at No 4.

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Spandana Sphoorty Financial Ltd, a well known name in the micro-finance industry is planning to expand its reach to 16 states by the end of the current fiscal year. The company has plans to foray into new markets like Uttar Pradesh,

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In collaboration with MIT and Spandana, a micro-finance organisation based in Guntur, Andhra Pradesh, the centre will evaluate the economic and social impact of the urban micro-finance programme of Spandana in Hyderabad. The.

250.76CRS) Spandana Sphoorty Finance Ltd PTC Series A1 Provisional 301.6 Assigned ICRA A-(SO) Spandana Sphoorty Finance Ltd PTC Series A1 Provisional 270 Assigned ICRA A-(SO) Tata Sons Ltd NCD programme ICRA.

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Rs 10,000-odd to L&T Finance from which he had borrowed Rs 15,000 in the name of his wife Puspanjali at 26 per cent, with an EMI of Rs 1,050; and an outstanding against Rs 20,000 borrowed from Spandana Sphoorty Financial Ltd,

In micro finance chances of recovering loans overdue for more than 30 days is very remote. Less than 60 days, chances of recovery is only 10 to 20%. Therefore, I expect NPAs to increase further,” said G. Padmaja Reddy, managing.

. has already invested in national micro-finance institutions such as Spandana, Basix and Ujjivan. “Lok Capital’s experience will go a long way in guiding Asirvad to adopt best in class practices in all areas of management,” Mr.

Rabo India is keen to continue to deepen the relationship with Spandana and other players in the microfinance industry,” said Surojit Shome, Chief Executive Officer, Rabo India Finance, in a release. Spandana claims to have has one of.

He said India’s top three microlenders — SKS Microfinance, Share Microfinance and Spandana Sphoorty Financial — were implicated in the majority of those cases. Share founder and managing director Udaia Kumar denied responsibility.

Hyderabad-based micro finance institution (MFI) Spandana Sphoorty Financial has raised Rs 400 crore from IndusInd Bank and Bank of Baroda by issuing pass through certificates (PTCs) to both the banks for securing this funding.

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In less than a decade, SKS emerged as the largest micro-finance institution (MFI. The country’s second-largest MFI, Spandana Sphoorty Financial, which will decide on whether to go for an IPO in the next month, is not far behind SKS.

Naperville, IL — (SBWIRE) — 08/23/2013 — Reportstack, provider of premium market research reports announces the addition of Microfinance Market in India 2012-2016 market report. Bandhan Financial Services Pvt.Ltd., Spandana.

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People may not return the money and I don’t think we are courageous enough to go back and disburse loans in AP any more," says Reddy of Spandana. (This is the first of the two part series on micro finance institutions) Get latest news.

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Within a relatively short time, perhaps just a decade, micro finance has gone from being hero to. into for-profit companies (such as Share Microfin Ltd, Spandana, BASIX and SKS Microfinance). The charts show clearly how the.

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Some of the major recruiters were ICICI Bank, TATA AIG General Insurance, Ujjivan Small Finance Bank, Spandana Spoorthy and Muthoot Fincorp. Evidently, there has been an overall increase in the remuneration offered and the.

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Microfinance is not actually "micro" in scale. It is far more organized than the individual moneylenders in poor communities, the traditional source of finance. Spandana borrows from banks, has about 2,000 employees and deals.

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According to Padmaja Reddy from Spandana, a major player in the Microfinance Industry, Return On Equity (RoE) for micro finance organisations has been 170 per cent compared to 57 per cent for traditional banks for the period of 2006.

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