Manappuram Finance Shares Surge on RBI Relief to Asirvad Micro Finance: What's the Catch?
2025-01-08
cnbctv18
Manappuram Finance shares are in the spotlight after the RBI provided relief to Asirvad Micro Finance, a subsidiary acquired by Manappuram in 2015. Asirvad contributes a significant 25% to Manappuram's overall Assets Under Management (AUM), making it a crucial part of the company's financial portfolio. With this development, investors are closely watching the stock's movement, considering the potential impact on Manappuram's financial performance and microfinance industry trends. The RBI's relief is expected to boost the microfinance sector, with Manappuram likely to benefit from the growth. Key factors to watch include the company's asset quality and lending growth.
