Business

CRISIL Upgrades Credit Ratings of Manappuram Finance Ltd

Ut World 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 Continue Reading

Business

AACCI Lifetime Achievement award to Mr. VP Nandakumar

Ut World 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

Business

IFC to invest $35 million in Manappuram Finance

Ut World 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

Ut World 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

News

The IL&FS fiasco – the lesson for NBFCs

Ut World 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

Ut World 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

Ut World 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

Business

The rise and risks of passive investing

Ut World April 13, 2018 0

Up until the end of January 2018, stock markets around the world were scaling new heights and setting new records at regular intervals. In the US, the Dow Jones Industrial Average set a record when it closed at 26,616.71 on January 26, 2018.  In India, the BSE Sensex set its own closing record at 36,283.25 on 29 […]Continue Reading

Business

Are interest rates poised for reversal?

Ut World March 13, 2018 0

An important development for the Indian economy in recent years has been the remarkable success achieved in lowering interest rates. This came about because the RBI had been steadily cutting its key policy rate since January 2014 when the repo rate had peaked at 8 percent. By August 2017, the repo rate had come down […]Continue Reading

Business

Mr. M P Ramachandran wins MBA award 2018

Ut World January 28, 2018 0

Jyothy Laboratories’ Managing Director and Chairman Mr. M P Ramachandran felicitated with the eighth MBA award, which is given to those socially responsible business personalities who have two thousand crore Indian rupees or more worth asset. MBA Award is a highly exclusive business achievement award organized by Pegasus Group in association with Unique Times, Premium […]Continue Reading