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The Securities and Exchange Board of India said in a report published on January 5, it had put Asirvad s issue Under Abeyance . Manappuram owns a 97.6% stake in Asirvad Microfinance which had filed a prospectus to raise ₹1,500 crore in October, 2023. The IPO would have unlocked value in the subsidiary, said analysts. ....
If RBI restrictions to stop the sanction and disbursal of loans under its two lending products – eCOM and Insta EMI Card – are in place for a longer period of time, it may dampen investor sentiment. ....
Shweta Daptardar says: “ Across the credit card industry, be it SBI Cards, HDFC and other top players, while month-on-month there has been a decline in spends post the festive month. The year-on-year growth has been phenomenally strong across key players. However, as far as cards outstanding is concerned, most of the players have maintained their market share." ....
Housing loans surge 37% in H1FY24 at ₹5.4 lakh crore - The Hindu BusinessLine thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
It is worth mentioning that the steady performance is even before the festive season has brought its cheer. As such, there are tailwinds for customer additions with consumers potentially making purchases during the festivals. ....