Mon, Jun 19, 2023
Meanwhile, on Friday, June 16, the Reserve Bank of India (RBI) imposed a Rs 20 lakh penalty on Manappuram Finance for non-compliance with certain provisions of the NBFC norms.
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Fri, May 05, 2023
The Enforcement Directorate's recent search at 6 premises of Manappuram Finance Limited and its MD VP Nandakumar has sent the company’s shares into a tailspin. The ED has frozen Rs 143 crore and detected evidence of money laundering and large-scale cash transactions through public deposits.
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