Shifting focus from consolidation to growth; credit cost to normalise at <2% within a couple of quarters
Spandana Sphoorty’s (Spandana) Q3FY23 financial performance has to be seen in the context of it sustaining the improving trend across business parameters and delivering as per the guidance. At the same time, it is continuing its efforts on building robust platform to ensure sustainable customer-led growth, containing forward flow in PAR portfolio, rebuilding liability engine and strengthening the management team.