Spandana Sphoorty posts Rs 360 crore Q1 loss on bad loan impact
Microfinance company Spandana Sphoorty Financial suffered a consolidated net loss of Rs 360 crore in the first quarter of the fiscal, making it the fourth consecutive quarterly loss, on account of high asset quality stress and drop in business volume as well as income. The lender had earned a consolidated net profit of Rs 56…
