Manappuram, RBI
Why did Manappuram Finance shares crash?
Manappuram Finance’s shares fell sharply on October 17, dropping as much as 15% to Rs 150.73 in morning trading after the Reserve Bank of India (RBI) ordered its subsidiary, Asirvad Microfinance, to halt loan disbursements.
Manappuram Finance shares crash 15% as RBI whips subsidiary Asirvad Microfinance
On October 17, the Reserve Bank of India took action against four NBFCs and NBFC-MFI citing material supervisory concerns, including Asirvad Microfinance.
Manappuram Finance's stock tumbles 14% on RBI action against subsidiary
According to the report, Asirvad contributes around 27 per cent to the consolidated assets under management (AUM) of Manappuram Finance
Manappuram Finance Gets Multiple Downgrades As RBI Bars Unit's Lending Operations
The RBI has asked Manappuram Finance's subsidiary Asirvad Micro Finance to 'cease and desist' sanction and disbursal of loans.
Manappuram Finance shares fall 15% post RBI action on Asirvad, multiple downgrades
Although brokerages do not see significant downside in shares of Manappuram Finance due to cheaper valuations, they believe investor interest may take a while to return.
Manappuram Fin share price tanks 15% as RBI bans loan disbursement by arm
Manappuram Finance share price tanked 15 per cent to Rs 150.80, hitting an 11-month low on the BSE after the RBI put restrictions on Asirvad Micro Finance
Manappuram Finance tumbles 13 per cent after RBI bar on subsidiary Asirvad Microfinance
Manappuram said in a stock exchange filing it would undertake a comprehensive review of overall enterprise wide governance, risk management and regulatory compliance and will submit a detailed plan to
Manappuram Finance shares drop 13.5% post RBI action
Manappuram Finance Ltd. shares drop 13.5% after RBI notice, impacting microfinance sector, but no financial impact reported.
Manappuram Finance Shares Crumble By Over 20% In 5 Days, Stock Continues To Bleed On Monday
The shares of one of the most renowned Non-Banking Financial Corporations, or NBFCs, in India, Manapurram Finance, continue ...
Manappuram Finance shares tank 15% to 11-month low on RBI action against subsidiary Asirvad Micro, multiple downgrades
RBI’s ban on Asirvad Micro Finance for high pricing has triggered downgrades for Manappuram Finance, causing a 15% drop in ...
Why Manappuram Finance shares bled 17% today; what's next?
Manappuram Finance shares fell 16.85 per cent to hit a low o Rs 147.50 on BSE. The RBI decision to ban the lending operations ...
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 ...
The Financial Express1d
Manappuram faces downgrades after RBI curbs on arm
On Thursday, the RBI imposed business restrictions on four NBFCs — Asirvad Microfinance, Arohan Financial Services, DMI ...
Manappuram Finance Share Price: RBI Crackdown On Arm Asirvad Microfinance Triggers Sharp Fall In Stock
The Reserve Bank of Indias (RBI) recent crackdown on Asirvad Microfinance, a subsidiary of Manappuram Finance, has sent ...
Hot stocks: Brokerage view on Axis Bank, Manappuram Finance, Havells India and Wipro
Nomura recommends buying Axis Bank with a target of Rs 1,380; Morgan Stanley downgrades Manappuram Finance to equal-weight ...
India cenbank bars four micro lenders from issuing loans for breaching norms
India's central bank barred four microfinance companies, which disburse small loans to lower-income borrowers, from ...