Manappuram Finance Shares Surge After RBI Relief to Asirvad Micro Finance: What's Next?
Manappuram Finance shares are in the spotlight following the RBI's recent relief to Asirvad Micro Finance, a subsidiary acquired by Manappuram in 2015. Asirvad contributes significantly to Manappuram's overall Assets Under Management (AUM), accounting for 25% of the total. This development is expected to have a positive impact on Manappuram's financial performance, driven by the growth of microfinance and digital lending. With the RBI's relief, Asirvad Micro Finance is poised to expand its operations, potentially boosting Manappuram's revenue and profitability in the microfinance sector. As the financial services industry continues to evolve, Manappuram Finance is well-positioned for growth, driven by its diversified portfolio and strategic acquisitions.
