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Credit Market
6 Jun 2023
Spandana Sphoorty Financial Limited Credit Analysis
During FY23, the company’s asset quality has improved significantly as its gross NPA stood at 2.07% as of FY23 as compared to 18.7% as of FY22. In Q1 FY2023, the company undertook a substantial write-off of Rs. 7.02 billion (11.3% of standalone AUM before write-off) of stressed assets.
Subhasis Mishra
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