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FinTech

Why the drama never ends at microlender Spandana Sphoorty




Once a key player in the lending revolution, Spandana Sphoorty has seen its fortunes fluctuate – not just due to market forces but also boardroom infighting. The latest setback came with CEO Shalabh Saxena’s exit amid a surge in bad loans that’s rattling the company and the wider industry.



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