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MANAPPURAM FINANCE CASE
Flexi cap mutual funds see record Rs 10,147 crore inflows in April. Are investors turning cautious amid market volatility?Flexi cap mutual funds attracted a record Rs 10,147 crore in April, despite moderating equity inflows and market volatility. Experts sugges...
Stocks in news: RIL, IDFC First Bank, Paytm, Sun Pharma, Manappuram FinanceIndian markets faced pressure extending a corrective phase. Key companies like RIL, IDFC First Bank, and Paytm reported their financial res...
Gold loan fintech companies build own loan books as RBI tightens normsGold loan fintech startups are pivoting from loan sourcing to building their own loan books due to tightened RBI regulations. Companies lik...
Elevated foreign ownership a positive for Indian financial firms: FitchForeign investors are showing increased interest in Indian financial firms. Fitch Ratings notes this can bring long-term capital and better...
RBI imposes penalties on 3 payment system operatorsThe RBI said monetary penalty on Payment System Operators (PSOs) Manappuram Finance and Ola Financial Services has been imposed for non-com...
Buy Manappuram Finance, target price Rs 150: Motilal Oswal SecuritiesThe brokerage models a consolidated AUM CAGR of ~18% over FY23-25E with consolidated RoA/RoE of ~4.0%/18% over FY25E.
'ED's visit' nothing to do with Manappuram Finance, says its managing directorKerala-based NBFC Manappuram Finance Ltd, whose assets worth Rs 143 crore were frozen by the Enforcement Directorate recently, has claimed ...
Manappuram Finance shares tumble over 14% after ED freezes promoter assetsVP Nandakumar, the promoter of Indian NBFC Manappuram Finance, has had his personal assets frozen after Enforcement Directorate (ED) raids ...
ED freezes Rs 143-crore assets of Manappuram Finance MD & CEO in money laundering caseThe case pertains to allegations of money laundering through "illegal" collection of deposits from the public, the agency said in a stateme...
Pressure on ROEs of gold loan cos an area of concern: ICICI SecuritiesIn July, Investec Securities had downgraded its ratings on Muthoot and Manappuram to hold from buy, viewing them as value traps in the cont...
Buy Manappuram Finance, target price Rs 166: Nirmal Bang Institutional EquitiesManappuram Finance (Manappuram) reported yet another weak quarter, with net profit declining by 42.4% YoY on account of subdued growth in g...
Muthoot or Manapurram: Which gold loan company has the silver lining in today's crisis?When there is a war, the stock market becomes extremely volatile. Investors withdraw funds from the market and place them in more stable as...
Manappuram Finance manager held in connection with Rs 20 cr robbery at IIFL branch: PoliceIIFL's gold appraiser Lala Amrit Ray, arrested on Tuesday, is among the five to be questioned in custody, said Deputy Commissioner of Polic...
RBI imposes penalty on Muthoot Finance, Manappuram FinanceThe central bank has also imposed a penalty of Rs 5 lakh on Manappuram Finance, Thrissur for non-compliance with directions on verification...
Mutual fund houses contest insider trading charges in Manappuram case of 2013Ambit Capital had indicated negative outlook on the firm in a report based on which fund houses took trading calls, which they say can’t be...
Manappuram plans to enter SME, housing finance businessFollowing RBI's concern over 'concentration risk', Manappuram Finance said it will be diversifying into lending for small businesses and ho...
- Manappuram Finance outperforms peers with 29% gain
The gold-loan provider has outperformed peers, gaining 29% since June 22 when Baring Private Equity bought a 0.94% stake.
- Gold loans face rising frauds
Frauds are proving to be a headache for gold loan companies which are grappling with the problem of borrowers pledging spurious, stolen met...
- There is no threat to our reputation: I Unnikrishnan, MD, Manappuram Finance
In an interview with ET NOW, I Unnikrishnan, MD, Manappuram Finance talks about the RBI directives and its impact on the companies business...
- Wait for Manappuram to dip for any trade in it: Deepak Mohoni
For anyone interested in trading in the stock, its best to wait for a little dip which comes every now and then and then pick it up.