[ad_1] Shares of Manappuram Finance Ltd., the gold loan financing company will be in focus on Thursday, January 9, after the company’s unit Asirvad Micro Finance was granted relief by the Reserve Bank of India on Wednesday. Company Value Change %Change India’s central bank lifted sanctions on the disbursals of loans on Asirvad that were […]
Manappuram Finance shares in focus after Asirvad MFI stress rises in Q2 – CNBC TV18
[ad_1] Shares of Manappuram Finance will be in focus on Thursday, October 31, after the company’s unit Asirvad Microfinance disclosed its financials for the September quarter, which showed rising stress and a deteriorating asset quality. Asirvad’s Gross Non-Performing Assets (Gross NPA) stood at 4.34% at the end of the quarter, compared to 3% in June, […]
Manappuram Finance shares fall 10% post RBI action on Asirvad, multiple downgrades – CNBC TV18
[ad_1] Manappuram Finance Ltd., the gold financing company, has received multiple downgrades and price target cuts from brokerages after the Reserve Bank of India asked its subsidiary Asirvad Micro Finance to stop sanctions and disbursals of loans. The Reserve Bank of India took action against Asirvad and three other NBFCs. The NBFCs were found to […]
RBI’s latest advisory on gold financing likely targets new entrants in the business, says expert – CNBC TV18
[ad_1] The Reserve Bank of India’s (RBI) recent circular on gold financing practices seems to target new entrants in the lending space, according to Pranav Gundlapalle, Senior Analyst-India Financials at Bernstein. “I see this as a greater change for banks and fintechs, or NBFCs, that have entered the segment, especially in the context of a […]
Trade Setup for August 14: Nifty expiry to bring more volatility ahead of Independence Day holiday? – CNBC TV18
[ad_1] We had asked the question on Monday evening whether HDFC Bank will eventually lead the Nifty out of the range? It sort of did, but on the wrong side. One may wonder that HDFC Bank was anticipated to get a weightage increase at the latest MSCI rejig. It did. So what went wrong? Well, […]