Manappuram Finance - Healthy Gold Loan Growth; MFI Business Remains Key Monitorable
Manappuram Finance’s (MGFL) consol. PAT in 2QFY25 grew 2% YoY to INR5.7b (in line). NII grew ~21% YoY to ~INR16.4b and PPoP rose ~19% YoY to...
110 Views
Manappuram Finance Ltd. - Near-Term Underperformance to Continue, Maintain HOLD!
Post the imposition of restrictions on the microfinance subsidiary, the company has intensified its collection efforts and implemented advanced...
183 Views
Manappuram Finance - RBI Ban on Asirvad Due to Material Supervisory Concerns
The RBI has instructed Asirvad Micro Finance, a subsidiary of Manappuram Finance, to halt the sanctioning and disbursement of loans, effective 21st...
135 Views
Manappuram Finance Ltd. - Restrictions on Asirvad to Weigh on Manappuram’s Growth and Profitability!
The RBI has initiated action against select NBFCs and NBFC-MFIs and issued directions to cease and desist from sanctioning and disbursing loans...
371 Views
Manappuram Finance Ltd. - Gold Loan Growth Momentum to Continue!
The growth in the gold loans has been driven by (i) demand recovery post a hiatus post COVID thus improving the pace of customer additions, (ii)...
172 Views