Will help increase access to gold loans for low-income households and MSMEs Kochi – IFC, a part of the World Bank Group, will invest $35 million in Manappuram Finance Limited (MFL) to help low-income households and small enterprises get access to loans against their gold assets. This is IFC’s Continue Reading
The Central Statistics Office (CSO) has recently released estimates that India’s GDP for the third quarter ended December 2016 recorded a growth of 7 percent, sharply beating expectations for a much lower 6.4 percent growth rate indicated in a Reuters poll held just before. The numbers were greeted with considerable skepticism by a section of […]Continue Reading
On 13 January 2017, CII Kerala organised an investors’ meet at Kochi to promote recycling industries in Kerala as part of extended producer responsibility. The event was attended by a galaxy of distinguished speakers drawn from the highest ranks of government, bureaucracy and industry who shared their thoughts about recycling and better waste management. […]Continue Reading
As we enter the new year, the time is right to take a look at something close to all our hearts. Yes, it is gold, more precisely the price of gold and how it is likely to move in the new year. In order to get a sense of where gold is […]Continue Reading
On the 10 th of November, we at Manappuram Finance Limited, reported our second quarter results.Our performance was very impressive with the net profit of Rs.350 crore for the half year up to September 30 being equal to the net profit for the whole of last year. However, it so happened that our results were declared […]Continue Reading
VPN International Business Excellence award has been organised on December 15 at Crowne Plaza in Kochi, Ernakulum, by Ajit Ravi, the Chairman of Pegasus. This business award is awarded to honour internationally acclaimed business personalities from Kerala, says Ajith Ravi. Several business personalities have attended the prestigious function organised in the heart Continue Reading
The digital India programme is a flagship initiative of the Indian government with the vision of “transforming India into a digitally empowered society and knowledge economy.” By deploying the JAM (Jan Dhan, Aadhar and Mobile) trinity, the government hopes to extend the reach of the formal financial system to the farthest corners of the country. […]Continue Reading
Manappuram Finance Ltd., one of India’s leading gold loans NBFCs, announced today the public issue of secured, redeemable, non-convertible debentures of face value of Rs. 1000 each, aggregating to Rs.100 Crores (with an option to retain over-subscription up to Rs. 100 Crores) making the total issue Rs.200 crore for a tenure ranging from 400 days […]Continue Reading