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.
India's central bank lifts lending ban on Asirvad Micro Finance, DMI Finance
India's central bank said on Wednesday it has removed restrictions imposed on non-banking financial companies (NBFCs), 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
RBI Lifts Ban On Asirvad Micro Finance Limited, DMI Finance Private Limited - What Does This Mean?
The Reserve Bank of India, on Wednesday, lifted the restrictions imposed on in exercise of Asirvad Micro Finance Limited, DMI Finance Private Limited. Earlier this month, the central bank lifted the r
India's Manappuram Finance surges after central bank lifts ban on unit
Shares of Indian gold loan financier Manappuram Finance rose as much as 6% on Thursday, a day after the country's central bank removed restrictions imposed on the company's unit. The Reserve Bank of India (RBI) had in October barred four non-banking financial companies (NBFCs),
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HDFC Bank gets Reserve Bank of India nod for stake hike in three banks
The nod allows the group to hold up to 9.5% stakes in Kotak Mahindra Bank, AU Small Finance Bank, Capital Small Finance Bank.
India forecasts 2024/25 economic growth of 6.4%, slowest in four years
India forecast annual growth of 6.4% in the year ending in March, the slowest in four years and below the lower end of ...
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Stock Market Live Updates: Nifty, Sensex Opens Flat; TCS In Focus Ahead Of Q3 Result
GIFT Nifty was down 0.02% or 4 points lower at 23,719.5 as of 7:19 a.m. The benchmark Nifty 50 will see volatility on ...
Bank Holidays in India 2025: A complete month-wise list of holidays across India
Enlisted below is an officially announced Reserve Bank of India's (RBI) list of holidays month-wise for different parts of ...
Rupee to stay under pressure, all eyes on central bank's defence of 85.80
The Indian rupee is tipped to stay under pressure on Monday with the U.S. dollar holding near a two-year peak, while traders ...
Reserve Bank of India releases Draft Formats of Financial Statements of Co-operative Banks
RBI stated today that in terms of Section 29, read with Section 56 of the Banking Regulation Act, 1949, co-operative banks are required to prepare a balance sheet and profit and loss account as on the ...
India’s July-Sept. Current Account Gap Stays Flat After Revision
India’s current account deficit stayed largely flat in the July-September period from the previous quarter’s number, which ...
Manmohan Singh, Architect of Modern India’s Economic Reforms and Former Prime Minister, Dies at 92
Manmohan Singh, former Indian Prime Minister and a pivotal figure in the country’s economic transformation, died in New Delhi ...
Reserve Bank of India unveils master directions on credit information reporting
The Reserve Bank of India (RBI) has come up with a new master direction to banks and financial institutions on credit information reporting. Credit Information Companies must alert customers when ...
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India's Economic Trajectory: Slowing Growth Amid Inflation Challenges
India's economy projected to grow at 6.4% in 2024-25, down from 8.2% in 2023-24, as per the Ministry of Statistics. The ...
New RBI chief faces calls to unshackle rupee amid surging dollar
India’s new central bank head faces a tough decision on managing the rupee’s exchange rate — focus on squeezing volatility ...