Spandana Sphoorty operating 79% of its branches since 20 April

Spandana Sphoorty Financial announced that pursuant to the order issued by the Ministry of Home Affairs on 15 April 2020, microfinance institutions were specifically permitted to resume operations in Green zones (i.e., with zero Covid19 cases) from 20 April 2020.

The company's 794 out of Spandana's 1,006 branches (79%) are in Green zones - all of these have been operational since 20 April 2020. Rest of branches expected to open soon, following the lifting of the national lockdown - almost none in Red zones, given the company's rural footprint.

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