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 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
Shares of Manappuram Finance surges after RBI lifts ban on unit
Manappuram's shares had fallen 21% to a more than one-year low following the ban, but recovered to pre-ban levels in December. They were last trading up 5% at 9:21 a.m IST.
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 7% on Thursday, a day after the country's central bank removed restrictions imposed on the company's unit.
RBI emerges as the second-largest central bank gold buyer worldwide till November 2024: WGC
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RBI Should Allow More Rupee Volatility, Ex-Central Banker Says
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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 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 ...
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 ...
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 ...