HDFC Bank’s Microfinance Head K. Venkatesh Appointed As CEO & MD Of Spandana Sphoorty Financial

HDFC Bank’s Microfinance Head, K. Venkatesh, is set to take charge as the Chief Executive Officer and Managing Director (CEO & MD) of Spandana Sphoorty Financial Limited.

The appointment will bring clarity to the company’s leadership structure, which has been uncertain since April 2025, following the resignation of former MD and CEO Shalabh Saxena. After Saxena’s exit, then-CFO Ashish Damani was elevated as interim CEO. This will mark Spandana’s second major leadership transition since the exit of founder and CEO Padmaja Reddy in November 2021. Saxena and Damani, both formerly with Bharat Financial Inclusion Limited, had joined the microfinance lender soon after her departure.

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