Manappuram Group may apply for a banking license
Introducing a new concept of niche banking in India, RBI last month had issued final norms for payment banks and small finance banks.
Dec 26, 2014, 20:54 PM ISTMuthoot, Manappuram surge up to 9% on RBI's draft guidelines
Shares of non-banking finance companies Muthoot Finance and Manappuram Finance soared as much as 9 percent in morning trade Friday after the Reserve Bank released draft guidelines for licensing of both payments banks and small banks.
Jul 18, 2014, 14:00 PM IST