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Spandana Sphoorty CEO exits as bad loans and boardroom tensions erupt
Business
Published on 24 April 2026
Bad loans rise while board infighting adds fuel
Spandana Sphoorty, once a star in India’s micro-lending wave, is facing fresh turbulence as rising bad loans pressure performance. The situation worsened with CEO Shalabh Saxena’s exit, highlighting how internal governance and boardroom conflicts can amplify market stress. The setback is now reverberating across the wider non-banking finance sector.
- CEO Shalabh Saxena has exited amid worsening loan stress
- A surge in bad loans is rattling Spandana Sphoorty’s outlook
- Boardroom infighting is cited as adding to operational pressures
- The crisis signals broader strain in India’s micro-lending industry
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times