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Fluctuating gold prices and risk management in gold loans

Unique Times April 29, 2021 0

Article by V.P. Nandakumar  MD & CEO of Manappuram Finance Ltd. In recent months, gold prices have fallen significantly from the highs recorded last year following the widespread economic disruption after Covid-19. The international price of the metal had crossed US$ 2,000 per troy ounce in Continue Reading

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Unique Times Excellency Awards awarded to the awardees

Unique Times April 1, 2021 0

Amid the Covid 19 situation Pegasus event production company conducted the Unique Times Excellency Awards. The Unique Times Excellency Awards are given to individuals who have excelled in various fields of fashion, film, sports and business. The awards ceremony was held on March 30th at the Gokulam Convention Center, Kaloor. Manappuram Finance Ltd MD & […]Continue Reading

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Strengthen India’s debt market to strengthen NBFCs 

Unique Times December 8, 2020 0

Article by V.P. Nandakumar MD & CEO of Manappuram Finance Ltd It’s well known that in recent years India’s banks have been grappling with the problem of high levels of non-performing assets (NPAs). This problem came to light in 2014-15 when the Reserve Bank of India, suspecting that NPAs were being under-reported over the years, […]Continue Reading

Business

CRISIL Upgrades Credit Ratings of Manappuram Finance Ltd

Unique Times September 3, 2019 0

India’s premier rating agency, CRISIL, has upgraded the Credit Rating the long-term debt instruments of Manappuram Finance Limited (MAFIL) to ‘CRISIL AA/Stable’ (from ‘CRISIL AA-/Positive’) and reaffirmed its ‘CRISIL A1+’ rating on the company’s commercial paper (CP).  According to the Rating Rationale released by CRISIL, the Continue Reading

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AACCI Lifetime Achievement award to Mr. VP Nandakumar

Unique Times July 1, 2019 0

The lifetime achievement award by Asian African Chamber of Commerce and Industry (AACCI) was awarded to Mr. VP Nandakumar, MD and CEO of Manappuram Finance Ltd, for his valuable services in the Finance and Business field. He is the first Malayalee to receive this award. Hon. Speaker Mr P. Sreeramakrishnan presented the award to Mr. […]Continue Reading

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IFC to invest $35 million in Manappuram Finance

Unique Times May 29, 2019 0

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 first investment in a gold-loan NBFC […]Continue Reading

Business

Easing liquidity is the top priority of RBI

Unique Times May 10, 2019 0

Adequate and swift monetary transmission remains a key policy challenge for RBI. To induce credit growth and reignite the economy, RBI has, in recent months, reduced policy rates by 50 basis points (bps). (1 basis point is 1/100th of 1 percent.) However, very few banks have passed on the benefit of lower interest rate to […]Continue Reading

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The IL&FS fiasco – the lesson for NBFCs

Unique Times November 13, 2018 0

Recently, stock markets in India were thrown into turmoil after one of the largest NBFCs in India lending predominantly to the infrastructure sector, i.e. IL&FS or Infrastructure Leasing & Financial Services, was unable to make timely repayment of some of its borrowings. The default was attributed to the asset liability mismatch faced by the company […]Continue Reading

Business

NBFCs are digitalizing inclusive growth – V.P.Nandakumar

Unique Times October 10, 2018 0

As a developing country with a large part of its population facing poverty, driving financial inclusion has been a key priority for the government of India.Financial access underpins economic opportunity. As economic growth picks up, financial inclusion becomes essential for making the growth process equitableand to ensure that its fruits are widely distributed. In India, Continue Reading

Business

Microfinance rises again, yet challenges remain

Unique Times June 12, 2018 0

It was in 2006 that Muhammed Yunus and his Grameen Bank were jointly awarded the Nobel Peace Prize for pioneering the concepts of microcredit and microfinance that aimed at creating economic and social development from below. However, it is fair to say that India’s financial sector woke up to the promise and potential of microfinance […]Continue Reading