Manappuram Finance Shares Burn; Decline By Over 12% After RBI Ban On Loan Disbursal On Asirvad Micro Finance
Manappuram Finance is one of the biggest names in the NBFC sector, and this development at the equity markets came to pass after the Reserve Bank of India (RBI) placed a ban on a tranche of 4 NBFCs, including Asirvad Micro Finance, Arohan Financial Services, DMI Finance Private and Navi Finserv from disbursing loans from October 21.