CARE Ratings downgrades ratings of Spandana Sphoorty Financial’s Bank
The agency also noted that the NBFC-MFI has breached certain financial covenants in respect of borrowings, resulting in these borrowings becoming repayable on demand subject to fulfilment of the terms of debenture trust deed
The agency also noted that the NBFC-MFI has breached certain financial covenants in respect of borrowings, resulting in these borrowings becoming repayable on demand subject to fulfilment of the terms of debenture trust deed
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