After the Promoter MD of Spandana Sphoorty Finance (SSF) stepped down due to the ongoing spat with Kedaara, the Company has announced two key hires from Bharat Financial (100% subsidiary of Indusind Bank), pioneer of the Indian micro finance sector.
- Shalabh Saxena as MD and CEO
- Ashish Damani as CFO
It’s worth nothing here that recently Bharat Financial was also in some controversy related to the ever greening of loans.
This sector as always, continues to be highly unpredictable.