IndusInd Bank is reportedly in advance talks to acquire non-performing assets (NPAs) worth Rs 1,000 crore of the ailing micro lender Spandana Sphoorty Financial. The deal if completed will help Spandana come out of corporate debt restructuring (CDR). Spandana needed to restructure its debt following the Andhra Pradesh microfinance crisis, triggered by reports of suicides of some over-indebted people in 2010 that led to many MFIs going bust as borrowers stopped repaying loans.
Induslnd Bank caters to the needs of both consumer and corporate customers. Its technology platform supports multi-channel delivery capabilities. As on March 31, 2016, Induslnd Bank has 1,000 branches, and 1800 ATMs spread across 623 geographical locations of the country.
| Company Name | CMP |
|---|---|
| HDFC Bank | 771.25 |
| ICICI Bank | 1273.80 |
| Axis Bank | 1278.10 |
| Kotak Mahindra Bank | 385.20 |
| Indusind Bank | 925.80 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: