Manappuram Finance shares rally over 5% after RBI lifts restrictions on Asirvad Micro Finance
Morgan Stanley highlighted that the RBI has lifted restrictions on Asirvad Micro Finance with immediate effect. Morgan Stanley has factored in approximately 10% provisions for the MFI loan book for FY25-27 due to the previous embargo.
Manappuram Finance shares surge after RBI lifts ban on unit
The Reserve Bank of India (RBI) had in October barred four non-banking financial companies (NBFCs), which included Manappuram's unit Asirvad Micro Finance, from issuing loans due to "usurious" pricing and high markups.
RBI allows Asirvad, DMI Finance to resume lending operations
The Reserve Bank has lifted its ban on the 'sanction and disbursal of loans' by Asirvad Micro Finance and DMI Finance Pvt Ltd, in a big relief to the two microfinance companies, according to an RBI circular issued on Wednesday.
RBI Lifts Loan Restrictions On Asirvad Micro Finance And DMI Finance
In a significant regulatory relief, the Reserve Bank of India (RBI) has lifted the supervisory restrictions on Asirvad Micro Finance and DMI Finance Private, effective immediately. The curbs, imposed in October 2024,
India's Manappuram Finance surges after central bank lifts ban on unit
Shares of Indian gold loan financier Manappuram Finance rose as much as 6% on Thursday, a day after the country's central bank removed restrictions imposed on the company's unit.
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Microfinancers urge RBI to relax regulatory norms
Around 25 MFIs met with the Finance Ministry, seeking a revived credit guarantee scheme, dedicated funding, and relaxed RBI ...
Jefferies hikes Manappuram Finance target price after RBI lifts curbs on arm Asirvad
Analysts at Jefferies raised their price target for Manappuram to Rs 190 but maintained a "hold" rating on the stock.
Rupee slides to a new low, RBI lends support
The Indian rupee weakened 14 paisa on Wednesday to close at a record low of 85.845/$1, amid strong US economic data and ...
RBI's credit reporting rules: How would this affect loan borrowers; check details
The Reserve Bank of India (RBI) has recently implemented a new regulation regarding credit reporting practices. Starting ...