The Reserve Bank of India has fined Manappuram Finance ₹20 lakh for failing to classify certain gold loan accounts with overdues of more than 90 days as NPA
The court has asked Nandakumar to seek approval from the investigating agency before dealing in his moveable assets that were reportedly frozen by the ED
Manappuram Finance Ltd on May 12, 2023, reported 58 per cent jump in consolidated net profit at Rs 413 crore for the quarter ending March 31, 2023. It reported a consolidated profit of Rs 261 crore a year ago. The company s Board has announced an interim dividend of Rs 0.75 per equity share of face value Rs 2 each.