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 soars after RBI lifts restriction imposed on microfinance arm
Manappuram Finance jumped 4.53% to Rs 188.20 after the Reserve Bank of India lifted the restrictions imposed on Asirvad Micro Finance with respect to sanction or disbursal of loans with immediate effect.
Manappuram Finance - RBI Lifts Ban On Asirvad With Immediate Effect; A Positive Development: Motilal Oswal
While Asirvad is expected to witness a gradual improvement in new business volumes, it will still have to weather the industry-wide asset quality stress in the MFI sector, says Motilal Oswal.
Manappuram Finance shares surge after RBI lifts ban on unit
Shares of gold loan financier Manappuram Finance rose as much as 6% on Thursday, a day after the RBI removed restrictions imposed on the company’s unit.
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,
Manappuram Fin up 6% as RBI lifts restrictions on arm Asirvad Micro Finance
Reserve Bank of India (RBI) lifted restrictions on all four non-banking financial companies (NBFC) imposed in October for charging exorbitant interest rates to the borrowers
India's Manappuram Finance surges after central bank lifts ban on unit
Shares of Indian gold loan financier Manappuram Finance rose as much as 7% on Thursday, a day after the country's central bank removed restrictions imposed on the company's unit.
RBI Should Allow More Rupee Volatility, Ex-Central Banker Says
A former Reserve Bank of India official said the authority should ease its tight grip on the rupee, a view that comes amid ...
RBI emerges as the second-largest central bank gold buyer worldwide till November 2024: WGC
The fall in gold prices in November after Donald Trump won the US presidential elections offered an opportunity to some of ...
CBI/RBI Schemes: Opportunities, Risks And The Need For AML Compliance
CBI/RBI schemes, once intended and designed to facilitate the diversification of less privileged countries' economies, are ...
5 Guardians 2025 season predictions, from Lane Thomas’ RBI total to Jose Ramirez’s homers: Paul Hoynes
Jim Thome owns the Guards’ franchise record in homers with 337. I predict that Jose Ramirez, by the end of 2025 season, will ...
Rupee slips to record low but likely RBI intervention caps losses
The Indian rupee slipped to an all-time low in early trade on Monday, pressured by broad-based dollar bids while likely ...
Expect RBI to cut interest rates next month; Budget must focus on job creation: CII president
CII expects the RBI to cut interest rates next month to support growth. CII President Sanjiv Puri highlights the need for job ...
Complaints about credit score not addressed? Here’s what RBI has told banks and credit information firms to do
What is a credit score – and why is it important? What’s a good credit score? Why has the central bank stepped in, and what ...
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 ...