Manappuram Finance shares drop 15% after RBI take action
The Reserve Bank of India placed strictly limitations on Manappuram Finance’s subsidiary, Asirvad Microfinance, causing a 15% decline in the company’s shares. The current RBI action targets Sirivad and other important nbfcs in response to worries about noncompliance and strict pricing controls. RBI damages the microfinance sector On October 8, the sweeping action in Cardinal […]
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