Mumbai: Seven years after being hit by the microfinance crisis that originated in Andhra Pradesh, control of microfinance lender Spandana Sphoorty Financial Ltd is set to change hands. The microfinance lender is in talks with private equity firm Kedaara Capital Investment Managers Ltd to sell mor…
Tag: Corporate Debt Restructuring (CDR)
RBI revises rules for resolution of stressed MSME loans
The Reserve Bank of India on March 17 revised rules pertaining to revival of advances to small businesses and asked lenders to form district-level committees to resolve stressed loans to Micro, Small and Medium Enterprises (MSMEs). “In order to enable faster resolution of stress in an MSME …