El Niño and fertilizer issues impacting portfolio
Management acknowledged seasonal risks from El Niño and fertilizer supply, which could stress rural borrower repayment capacity.
SPANDANASPHOORTYFINANCIA / bear-case history
Track the concerns that keep returning.
Spandana Sphoorty Financial · risk themes across the available quarters.
Research layer active
Bear-case history
Risks carried through the record.
medium
High rejection rates limiting growth
Rejection rates remain at 60-65%, indicating tight credit filters that could constrain disbursement growth.
Individual loan product scalability and credit risk
New individual loan product (₹1-4 lakh, unsecured) lacks SRO guardrails; pilot success and underwriting discipline are unproven at scale.