On Thursday, the RBI imposed business restrictions on four NBFCs — Asirvad Microfinance, Arohan Financial Services, DMI ...

Non-banking financial companies NBFCs which focus on gold loans are poised to gain from the dual tailwinds of rising gold prices and potential rate cuts in th ...

Manappuram Finance Ltd. shares drop 13.5% after RBI notice, impacting microfinance sector, but no financial impact reported.

RBI’s ban on Asirvad Micro Finance for high pricing has triggered downgrades for Manappuram Finance, causing a 15% drop in ...

According to the report, Asirvad contributes around 27 per cent to the consolidated assets under management (AUM) of ...

INDIA has increased its crackdown on lenders with errant practices, as regulators move to curtail risks in the shadow banking sector. Read more at The Business Times.

Sensex and Nifty turned green after a weak start on October 18, with several sectoral indices that opened in the red recovering some ground. Banking and auto stocks led the way upward in the Nifty, ...

Manappuram Finance shares tumbled 18% to an intra-day low of Rs 145.42 after the Reserve Bank of India cracked the whip on the subsidiary, Asirvad Microfinance.

In September 2022, the RBI came out with guidelines on digital lending aimed at protecting customers from unethical business ...

The RBI's instruction takes effect at the close of business on October 21, the central bank said in a statement on Thursday.