RBI Ends Sanctions on Asirvad and DMI for Fair Pricing Compliance
The Reserve Bank of India (RBI) has announced the immediate removal of restrictions on two non-banking financial companies (NBFCs) – Chennai-based Asirvad Micro Finance and Delhi-based DMI Finance. These restrictions,
RBI allows Asirvad, DMI Finance to resume lending operations
The Reserve Bank has lifted its ban on the 'sanction and disbursal of loans' by Asirvad Micro Finance and DMI Finance Pvt Ltd, in a big relief to the two microfinance companies, according to an RBI circular issued on Wednesday.
Manappuram Finance shares surge 6% after RBI relief to Asirvad, but there is a catch
Manappuram had acquired Asirvad in 2015. The unit contributes 25% to Manappuram's overall Assets Under Management (AUM).
Manappuram Finance shares rally over 5% after RBI lifts restrictions on Asirvad Micro Finance
Morgan Stanley highlighted that the RBI has lifted restrictions on Asirvad Micro Finance with immediate effect. Morgan Stanley has factored in approximately 10% provisions for the MFI loan book for FY25-27 due to the previous embargo.
Reserve Bank Lifts Financial Restrictions on Key Firms
The Reserve Bank has removed business restrictions on Asirvad Micro Finance and DMI Finance after the firms addressed supervisory concerns, including unfair loan pricing. The companies showed compliance and revamped processes,
Manappuram Fin up 6% as RBI lifts restrictions on arm Asirvad Micro Finance
Reserve Bank of India (RBI) lifted restrictions on all four non-banking financial companies (NBFC) imposed in October for charging exorbitant interest rates to the borrowers
India's central bank lifts ban on Asirvad Micro Finance, DMI Finance
India's central bank said on Wednesday it has removed restrictions imposed on non-banking financial companies Asirvad Micro Finance and DMI Finance against any fresh loan sanctions and disbursals with immediate effect.
RBI lifts restrictions on Asirvad Micro Finance, DMI Finance
The Reserve Bank on Wednesday lifted the business restrictions placed on Chennai-based Asirvad Micro Finance and New Delhi-based DMI Finance with immediate effect
Manappuram Finance share price rise 6% as RBI lifts curbs on a subsidiary
Manappuram Finance share price gained more than 6% in the morning trades on Thursday. Company announced post market hours on ...
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Manappuram Finance - RBI Lifts Ban On Asirvad With Immediate Effect; A Positive Development: Motilal Oswal
While Asirvad is expected to witness a gradual improvement in new business volumes, it will still have to weather the ...
Shares of smallcap NBFC major climbs over 6% in trade today; here's why
After the RBI lifted the ban on its microlending arm Asirvad Micro Finance, shares of Manappuram Finance gained over 6 per ...
Why excitement in Manappuram stock post lifting of microfinance ban faded
Manappuram microfinance arm Asirvad is expected to witness a gradual improvement in new business volumes, but it remains to ...
Manappuram Finance shares slip 7% from day's high as investors book profits on RBI relief
Analysts at Jefferies raised their price target for Manappuram to Rs 190 but maintained a "hold" rating on the stock.