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Manappuram Finance to establish its presence in Nagaland with new branch at Dimapur
The leading gold loan NBFC, Manappuram Finance Limited, is expanding its presence in the North-Eastern region of India with the launch of a new branch in Dimapur, Nagaland. The new branch was inaugurated recently and is located at City Tower, opposite to DC Court Junction, Dimapur, Nagaland. With the opening of the Dimapur branch, Manappuram Finance now has 12 branches across the North-Eastern states, including Assam, Arunachal Pradesh, Manipur, Meghalaya, Mizoram, Nagaland, Sikkim, and Tripura.
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Manappuram Finance Q3 net profit up 23% to Rs 512 crore
Manappuram Finance on Friday reported a 23 per cent rise in its consolidated net profit to Rs 512 crore for the third quarter ended December 2022. The non-banking finance company (NBFC) had posted a net profit of Rs 415 crore in the corresponding period of the previous fiscal.
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Manappuram Finance Q3 net profit up 88% to Rs 578 crore
The company's total income rose by 33% to Rs 2,425 crore during the quarter under review as against Rs 1,824 crore in the corresponding quarter of the previous fiscal.
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Manappuram Finance raises Rs 2,000 crore via NCDs
The company has raised Rs 2,000 crore through the issuance of non-convertible debentures (NCDs) on a private placement basis.
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Manappuram Finance to acquire beleaguered gold loan company, Asirvad Microfinance
The acquisition will help Manappuram Finance expand its reach in the southern states of India and strengthen its position as the largest gold loan company in the country.
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Manappuram Finance Q3 profit drops 11.5% to Rs 371 crore as gold loan growth slows
Non-banking finance company Manappuram Finance on Friday reported an 11.5 per cent decline in its consolidated net profit to Rs 371 crore for the quarter ended December 31, 2022, as growth in its gold loan business slowed down.
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Manappuram Finance to enter affordable housing segment
Manappuram Finance is planning to enter the affordable housing segment as part of its strategy to diversify its loan portfolio and reduce its reliance on gold loans.
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Manappuram Finance Q2 net profit rises 44% to Rs 484 crore
Manappuram Finance on Friday reported a 44 per cent increase in its consolidated net profit to Rs 484 crore for the quarter ended September 30, 2022, driven by strong growth in its gold loan business.