Why are Manappuram Finance shares falling for 9 sessions?
The NBFC stock has been under pressure after the RBI initiated action against its subsidiary Asirvad Micro Finance.
The NBFC stock has been under pressure after the RBI initiated action against its subsidiary Asirvad Micro Finance.
RBI says this action is based on concerns observed in the pricing policy of these NBFCs.
Rising debt-to-GDP ratios in major economies raise sustainability concerns and place pressure on central banks to facilitate the financing of substantial public debts.
UPI 123Pay transaction limits increase from ₹5,000 to ₹10,000, UPI Lite wallet limit rises from ₹2,000 to ₹5,000
Some NBFCs are aggressively pursuing growth without building up sustainable business practices and risk management frameworks, says Shaktikanta Das.
The change in stance provides flexibility to the MPC while enabling it to monitor the progress on disinflation which is still incomplete.
SAARC Currency Swap Framework provides short-term foreign exchange liquidity to member nations facing foreign currency shortages
The RBI says banks and NBFCs must closely monitor gold loan portfolio, especially in light of significant growth in this segment; non-compliance to attract supervisory action after three months
The RBI's decision will allow the company to resume the sanctioning, disbursal, assignment, securitisation, and sale of gold loans, says the NBFC
Historical trends suggest that the Reserve Bank of India often aligns its policy direction with the U.S. Federal Reserve.