Manappuram Finance Shares Crash 17% as RBI Bars Arm for Disbursing Loans – Equitypandit
October 18, 2024October 18, 2024 Shares of Manappuram Finance crashed 17% on 18 October after the Reserve Bank of India (RBI) prohibited the company’s subsidiary Asirvad Microfinance and other NBFCs from disbursing loans. According to RBI, there were concerns regarding the pricing policy of these non-financial banking companies (NBFCs)…