As part of its Vision 2028, Spandana Spoorthy Financial Ltd is aiming at ₹28,000 crore portfolio while containing the risk of geographical concentration by bringing down contribution to its business from few States. In Haryana it has a very small book of about ₹40 crore,’‘ Spandana CMD said in the earnings call. During the quarter, Spandana opened 72 branches and now has 1,574 branches, of which weekly branches are 375. For the quarter, it disbursed ₹407 crores in the weekly branches, which is 16 per cent of the total disbursement in the quarter. The revenue grew by 75 per cent at ₹657 crore as against ₹375 crore in the year-ago period while disbursements increased 8 percent to ₹2,553 crore.

Source: The Hindu January 30, 2024 03:31 UTC