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Posted: February 6th, 2012, 4:09pm EST
RBI has banned Manappuram's and an unlisted group company from taking public deposits as it is a violation of rules governing its licence.
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Posted: February 6th, 2012, 9:09am EST
Manappuram Finance Ltd , which provides loans using gold as collateral, is not allowed to accept or renew deposits from the public, the Reserve Bank of India said.
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Posted: February 6th, 2012, 8:23am EST
State-run lender Power Finance Corporation aims to raise Rs 40,000 crore in 2012-13 and is scouting for a partner for its subsidiary PFC Consulting's global foray.
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Posted: February 6th, 2012, 6:06am EST
The news gave a fillip to the stock of SKS and pushed it up nearly 10 per cent to the upper circuit at Rs 98.20 on Bombay Stock exchange today.
