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Manappuram director's wife offloads stake
The Manappuram group of companies, already in the news because of Reserve Bank of India strictures, got more unwanted attention after the wife of a director of Manappuram Finance sold a little over 80 per cent of her holdings in the company. This was after the RBI warned the gold loan firm for having accepted public deposits. Sarada Sankaranarayanan, wife of independent director A R Sankarana-rayanan,

Adani Enterprises finalising $1.5 bln port loan

Adani Enterprises is finalising a A$1.4 billion project finance loan with a group of lenders to replace a US$2 billion bridge loan raised to buy an Australian coal terminal last year, two sources

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Credit growth dips further in January
The effect of economic slowdown continues to weigh negatively on credit demand. Bank disbursement of loans shrunk for the second fortnight in a row, in January.

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Gold loan companies' shares crash on RBI's public deposit move
Shares of gold loan firms lost heavily on Tuesday after a Reserve Bank of India rap on a major entity, Manappuram Finance, for breaching the rules on raising money from the public.

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RBI pulls up Manappuram for accepting public deposits

The Reserve Bank of India (RBI) has warned Manappuram Finance not to accept deposits from the public, after the Kerala-based gold loan company was found to be accepting deposits at its branches

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Your dream home gets even more distant

The Reserve Bank of India's (RBI) latest verbal guidance to banks -not to include registration and stamp duty while arriving at the value of the house - will mean an additional hit of 5-10 per cent

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