{"id":192257,"date":"2026-08-10T10:31:03","date_gmt":"2026-08-10T05:01:03","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=192257"},"modified":"2026-08-10T10:31:04","modified_gmt":"2026-08-10T05:01:04","slug":"creditaccess-grameen-vs-spandana-sphoorty-comparison","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/creditaccess-grameen-vs-spandana-sphoorty-comparison\/","title":{"rendered":"CreditAccess Grameen vs Spandana Sphoorty Financial: Which Stock Should You Track"},"content":{"rendered":"<div class=\"meta-block\"><\/div>\n<p style=\"border-left: 4px solid #1F4E79; background: #EBF3FB; padding: 10px 16px; font-style: italic;\"><em>CreditAccess Grameen MCap Rs 24,507 Cr, PE 20.24x, ROE 9.92%, D\/E 3.01. Spandana Sphoorty MCap Rs 2,089 Cr, loss-making (EPS -45.86, ROE -32.83%).<\/em><\/p>\n<p>CreditAccess Grameen vs Spandana Sphoorty Financial is a comparison microfinance investors look up when evaluating two listed Indian MFI-NBFCs. CreditAccess Grameen, promoted by CreditAccess Asia (Netherlands), is one of India&#8217;s largest listed pure-play microfinance companies, while Spandana Sphoorty Financial is a Hyderabad-based MFI-NBFC that has faced severe credit stress in 2024 to 2025 due to overleveraging in key states and is currently loss-making.<\/p>\n<p>This CreditAccess Grameen vs Spandana Sphoorty Financial article covers reach and market position, key products, latest declared results and stock valuation. The CreditAccess Grameen vs Spandana Sphoorty Financial data below is sourced from Groww and public company filings and reflects the most recently available information at the time of writing.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/creditaccess-grameen-vs-spandana-sphoorty-comparison\/#CreditAccess_Grameen_vs_Spandana_Sphoorty_Financial_Reach_and_Market_Position\" title=\"CreditAccess Grameen vs Spandana Sphoorty Financial: Reach and Market Position\">CreditAccess Grameen vs Spandana Sphoorty Financial: Reach and Market Position<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/creditaccess-grameen-vs-spandana-sphoorty-comparison\/#CreditAccess_Grameen_vs_Spandana_Sphoorty_Financial_Key_Products_and_Business_Mix\" title=\"CreditAccess Grameen vs Spandana Sphoorty Financial: Key Products and Business Mix\">CreditAccess Grameen vs Spandana Sphoorty Financial: Key Products and Business Mix<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/creditaccess-grameen-vs-spandana-sphoorty-comparison\/#CreditAccess_Grameen_vs_Spandana_Sphoorty_Financial_Latest_Results\" title=\"CreditAccess Grameen vs Spandana Sphoorty Financial: Latest Results\">CreditAccess Grameen vs Spandana Sphoorty Financial: Latest Results<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/creditaccess-grameen-vs-spandana-sphoorty-comparison\/#CreditAccess_Grameen_vs_Spandana_Sphoorty_Financial_Stock_and_Valuation\" title=\"CreditAccess Grameen vs Spandana Sphoorty Financial: Stock and Valuation\">CreditAccess Grameen vs Spandana Sphoorty Financial: Stock and Valuation<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/creditaccess-grameen-vs-spandana-sphoorty-comparison\/#CreditAccess_Grameen_vs_Spandana_Sphoorty_Financial_Quick_Comparison_Table\" title=\"CreditAccess Grameen vs Spandana Sphoorty Financial: Quick Comparison Table\">CreditAccess Grameen vs Spandana Sphoorty Financial: Quick Comparison Table<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/creditaccess-grameen-vs-spandana-sphoorty-comparison\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/creditaccess-grameen-vs-spandana-sphoorty-comparison\/#Frequently_Asked_Questions\" title=\"Frequently Asked Questions\">Frequently Asked Questions<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/creditaccess-grameen-vs-spandana-sphoorty-comparison\/#What_is_a_JLG_in_microfinance\" title=\"What is a JLG in microfinance?\">What is a JLG in microfinance?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/creditaccess-grameen-vs-spandana-sphoorty-comparison\/#Why_is_Spandana_Sphoorty_loss-making\" title=\"Why is Spandana Sphoorty loss-making?\">Why is Spandana Sphoorty loss-making?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/creditaccess-grameen-vs-spandana-sphoorty-comparison\/#What_is_the_MFI_overleveraging_crisis\" title=\"What is the MFI overleveraging crisis?\">What is the MFI overleveraging crisis?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/creditaccess-grameen-vs-spandana-sphoorty-comparison\/#Is_CreditAccess_Grameen_profitable\" title=\"Is CreditAccess Grameen profitable?\">Is CreditAccess Grameen profitable?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/creditaccess-grameen-vs-spandana-sphoorty-comparison\/#Is_Spandana_Sphoorty_a_good_investment\" title=\"Is Spandana Sphoorty a good investment?\">Is Spandana Sphoorty a good investment?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/creditaccess-grameen-vs-spandana-sphoorty-comparison\/#Are_CreditAccess_and_Spandana_in_Nifty_50\" title=\"Are CreditAccess and Spandana in Nifty 50?\">Are CreditAccess and Spandana in Nifty 50?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/creditaccess-grameen-vs-spandana-sphoorty-comparison\/#What_is_collection_efficiency_in_MFI\" title=\"What is collection efficiency in MFI?\">What is collection efficiency in MFI?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"CreditAccess_Grameen_vs_Spandana_Sphoorty_Financial_Reach_and_Market_Position\"><\/span><strong>CreditAccess Grameen vs Spandana Sphoorty Financial: Reach and Market Position<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>On the CreditAccess Grameen side of the CreditAccess Grameen vs Spandana Sphoorty Financial comparison, CreditAccess Grameen operates in South India (Karnataka, Maharashtra, Tamil Nadu, Odisha) with a focus on joint liability group lending to women borrowers. Market capitalisation is Rs 24,507 Cr.<\/p>\n<p style=\"margin-top: 24px;\"><a href=\"https:\/\/univest.in\/user\/log-in?utm_source=blogs&amp;utm_medium=creditacc-vs-spandana\"><strong>Click Here &#8211; Get Free Investment Predictions<\/strong><\/a><\/p>\n<p>On the Spandana Sphoorty Financial side of the CreditAccess Grameen vs Spandana Sphoorty Financial comparison, Spandana Sphoorty Financial operates in Andhra Pradesh, Odisha, Karnataka and other MFI markets. The company has faced severe asset quality stress from borrower overleveraging in 2024. Market capitalisation is Rs 2,089 Cr.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"CreditAccess_Grameen_vs_Spandana_Sphoorty_Financial_Key_Products_and_Business_Mix\"><\/span><strong>CreditAccess Grameen vs Spandana Sphoorty Financial: Key Products and Business Mix<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>In the CreditAccess Grameen vs Spandana Sphoorty Financial product comparison, CreditAccess Grameen offers: CreditAccess Grameen provides micro credit to rural and semi-urban women through JLG (Joint Liability Group) models. EPS is Rs 75.53. P\/E is 20.24x, ROE 9.92 percent, D\/E 3.01.<\/p>\n<p>For Spandana Sphoorty Financial in this CreditAccess Grameen vs Spandana Sphoorty Financial breakdown: Spandana provides micro loans to similar borrower profiles. EPS is -Rs 45.86 (loss-making). ROE is -32.83 percent. The company is not profitable and carries significant credit risk. Market capitalisation has fallen to Rs 2,089 Cr.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"CreditAccess_Grameen_vs_Spandana_Sphoorty_Financial_Latest_Results\"><\/span><strong>CreditAccess Grameen vs Spandana Sphoorty Financial: Latest Results<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The CreditAccess Grameen vs Spandana Sphoorty Financial results for CreditAccess Grameen: CreditAccess Grameen has a market cap of Rs 24,507 Cr and P\/E of 20.24x. ROE is 9.92 percent \u2014 under pressure from MFI sector stress but still positive. D\/E of 3.01 is normal for MFI-NBFCs.<\/p>\n<p>The CreditAccess Grameen vs Spandana Sphoorty Financial results for Spandana Sphoorty Financial: Spandana Sphoorty has a market cap of Rs 2,089 Cr and is loss-making with EPS of -Rs 45.86. ROE of -32.83 percent reflects severe credit cost. This is a high-risk, distressed situation. CreditAccess is 11.7 times larger than Spandana by market cap.<\/p>\n<p style=\"margin-top: 24px;\"><a href=\"https:\/\/univest.in\/screeners\"><strong>Compare CreditAccess Grameen and Spandana Sphoorty Financial Fundamentals on the Univest Screener<\/strong><\/a><\/p>\n<h2><span class=\"ez-toc-section\" id=\"CreditAccess_Grameen_vs_Spandana_Sphoorty_Financial_Stock_and_Valuation\"><\/span><strong>CreditAccess Grameen vs Spandana Sphoorty Financial: Stock and Valuation<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The CreditAccess Grameen vs Spandana Sphoorty Financial stock comparison uses the latest available market data from Groww. Investors tracking CreditAccess Grameen vs Spandana Sphoorty Financial should verify current prices on NSE or BSE before trading.<\/p>\n<p>CreditAccess Grameen vs Spandana Sphoorty at current valuations: CreditAccess trades at Rs 24,507 Cr market cap, P\/E 20.24x, ROE 9.92 percent. Spandana trades at Rs 2,089 Cr market cap, loss-making, ROE -32.83 percent. The comparison highlights the stark difference in credit discipline and geographic concentration risk within the MFI sector.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"CreditAccess_Grameen_vs_Spandana_Sphoorty_Financial_Quick_Comparison_Table\"><\/span><strong>CreditAccess Grameen vs Spandana Sphoorty Financial: Quick Comparison Table<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The CreditAccess Grameen vs Spandana Sphoorty Financial comparison table below summarises the key metrics covered in this article side by side.<\/p>\n<table style=\"border-collapse: collapse; width: 100%;\">\n<tbody>\n<tr>\n<th style=\"border: 1px solid #ccc; padding: 8px;\">Parameter<\/th>\n<th style=\"border: 1px solid #ccc; padding: 8px;\"><a href=\"https:\/\/univest.in\/stocks\/creditacc\/creditaccess-grameen-ltd-share-price-today\">CreditAccess Grameen<\/a><\/th>\n<th style=\"border: 1px solid #ccc; padding: 8px;\"><a href=\"https:\/\/univest.in\/stocks\/spandana\/spandana-sphoorty-financial-ltd-share-price-today\">Spandana Sphoorty Financial<\/a><\/th>\n<\/tr>\n<tr>\n<td style=\"border: 1px solid #ccc; padding: 8px;\">Sector<\/td>\n<td style=\"border: 1px solid #ccc; padding: 8px;\">MFI-NBFC: South India JLG lending<\/td>\n<td style=\"border: 1px solid #ccc; padding: 8px;\">MFI-NBFC: Andhra, Odisha, Karnataka (stressed)<\/td>\n<\/tr>\n<tr>\n<td style=\"border: 1px solid #ccc; padding: 8px;\">Market Cap<\/td>\n<td style=\"border: 1px solid #ccc; padding: 8px;\">Rs 24,507 Cr<\/td>\n<td style=\"border: 1px solid #ccc; padding: 8px;\">Rs 2,089 Cr<\/td>\n<\/tr>\n<tr>\n<td style=\"border: 1px solid #ccc; padding: 8px;\">P\/E Ratio<\/td>\n<td style=\"border: 1px solid #ccc; padding: 8px;\">20.24x<\/td>\n<td style=\"border: 1px solid #ccc; padding: 8px;\">N\/A (loss-making)<\/td>\n<\/tr>\n<tr>\n<td style=\"border: 1px solid #ccc; padding: 8px;\">ROE<\/td>\n<td style=\"border: 1px solid #ccc; padding: 8px;\">9.92%<\/td>\n<td style=\"border: 1px solid #ccc; padding: 8px;\">-32.83% (loss-making)<\/td>\n<\/tr>\n<tr>\n<td style=\"border: 1px solid #ccc; padding: 8px;\">Debt to Equity<\/td>\n<td style=\"border: 1px solid #ccc; padding: 8px;\">3.01<\/td>\n<td style=\"border: 1px solid #ccc; padding: 8px;\">1.85<\/td>\n<\/tr>\n<tr>\n<td style=\"border: 1px solid #ccc; padding: 8px;\">Profitability<\/td>\n<td style=\"border: 1px solid #ccc; padding: 8px;\">Profitable (under pressure)<\/td>\n<td style=\"border: 1px solid #ccc; padding: 8px;\">Loss-making<\/td>\n<\/tr>\n<tr>\n<td style=\"border: 1px solid #ccc; padding: 8px;\">Promoter<\/td>\n<td style=\"border: 1px solid #ccc; padding: 8px;\">CreditAccess Asia, Netherlands (strategic)<\/td>\n<td style=\"border: 1px solid #ccc; padding: 8px;\">Indian management + institutional investors<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h2><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The CreditAccess Grameen vs Spandana Sphoorty Financial comparison above covers the key data points on reach, products, results and valuation. CreditAccess Grameen vs Spandana Sphoorty is a comparison between a well-managed MFI-NBFC and a severely stressed one. CreditAccess has managed through the MFI sector downturn with a positive ROE. Spandana is loss-making with very high credit costs. Both are exposed to the systemic MFI overleveraging issue but at very different severity levels. Investors should review collection efficiency, GLP growth, credit cost guidance and capital adequacy before taking a view. Consult a SEBI-registered advisor for personalised guidance.<\/p>\n<p style=\"margin-top: 24px;\"><em>Download the <a href=\"https:\/\/apps.apple.com\/in\/app\/univest\/id1543832872\" rel=\"nofollow noopener\" target=\"_blank\">Univest iOS App<\/a> or <a href=\"https:\/\/play.google.com\/store\/apps\/details?id=com.univest.android\" rel=\"nofollow noopener\" target=\"_blank\">Univest Android App<\/a> to track CreditAccess Grameen and Spandana Sphoorty Financial live price and get daily stock recommendations.<\/em><\/p>\n<p>SEBI Research Analyst Registration No. INH000013776<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions\"><\/span><strong>Frequently Asked Questions<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"What_is_a_JLG_in_microfinance\"><\/span><strong>What is a JLG in microfinance?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> JLG stands for Joint Liability Group \u2014 a group of 5 to 10 women borrowers who collectively guarantee each other&#8217;s loans. JLG models underpin most Indian MFI lending.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Why_is_Spandana_Sphoorty_loss-making\"><\/span><strong>Why is Spandana Sphoorty loss-making?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Spandana Sphoorty has faced severe credit stress from borrower overleveraging in key states like Andhra Pradesh and Odisha, where multiple MFIs lent to the same borrowers. High NPAs and credit costs have driven the company into losses.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_MFI_overleveraging_crisis\"><\/span><strong>What is the MFI overleveraging crisis?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> In 2024 to 2025, India&#8217;s microfinance sector faced widespread credit stress as borrowers in some states took loans from multiple MFIs simultaneously, leading to over-indebtedness, defaults and high NPAs across the sector.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_CreditAccess_Grameen_profitable\"><\/span><strong>Is CreditAccess Grameen profitable?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Yes. CreditAccess Grameen is profitable with ROE of 9.92 percent, though earnings have been under pressure from the sector-wide MFI stress.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_Spandana_Sphoorty_a_good_investment\"><\/span><strong>Is Spandana Sphoorty a good investment?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Spandana is currently loss-making with negative ROE. Investors should review its NPA levels, provisioning coverage, capital adequacy and recovery timeline. Consult a SEBI-registered advisor before investing in distressed financial companies.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Are_CreditAccess_and_Spandana_in_Nifty_50\"><\/span><strong>Are CreditAccess and Spandana in Nifty 50?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Neither is in Nifty 50. Both are tracked in Nifty Financial Services and smaller indices.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_collection_efficiency_in_MFI\"><\/span><strong>What is collection efficiency in MFI?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Collection efficiency is the ratio of actual repayments received to the total repayments due in a period. A collection efficiency of 95 percent or above is generally considered healthy for MFIs.<\/p>\n<div class=\"faq-schema\"><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"What is a JLG in microfinance?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"JLG stands for Joint Liability Group \u2014 a group of 5 to 10 women borrowers who collectively guarantee each other's loans. JLG models underpin most Indian MFI lending.\"}},{\"@type\":\"Question\",\"name\":\"Why is Spandana Sphoorty loss-making?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Spandana Sphoorty has faced severe credit stress from borrower overleveraging in key states like Andhra Pradesh and Odisha, where multiple MFIs lent to the same borrowers. High NPAs and credit costs have driven the company into losses.\"}},{\"@type\":\"Question\",\"name\":\"What is the MFI overleveraging crisis?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"In 2024 to 2025, India's microfinance sector faced widespread credit stress as borrowers in some states took loans from multiple MFIs simultaneously, leading to over-indebtedness, defaults and high NPAs across the sector.\"}},{\"@type\":\"Question\",\"name\":\"Is CreditAccess Grameen profitable?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Yes. CreditAccess Grameen is profitable with ROE of 9.92 percent, though earnings have been under pressure from the sector-wide MFI stress.\"}},{\"@type\":\"Question\",\"name\":\"Is Spandana Sphoorty a good investment?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Spandana is currently loss-making with negative ROE. Investors should review its NPA levels, provisioning coverage, capital adequacy and recovery timeline. Consult a SEBI-registered advisor before investing in distressed financial companies.\"}},{\"@type\":\"Question\",\"name\":\"Are CreditAccess and Spandana in Nifty 50?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Neither is in Nifty 50. Both are tracked in Nifty Financial Services and smaller indices.\"}},{\"@type\":\"Question\",\"name\":\"What is collection efficiency in MFI?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Collection efficiency is the ratio of actual repayments received to the total repayments due in a period. A collection efficiency of 95 percent or above is generally considered healthy for MFIs.\"}}]}<\/script><\/div>\n","protected":false},"excerpt":{"rendered":"<p>CreditAccess Grameen vs Spandana Sphoorty compared on loan book, geography, stress and valuation. 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