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Manappuram Finance Limited ( (IN:MANAPPURAM) ) has provided an announcement.
Manappuram Finance Limited has disclosed that the Reserve Bank of India has imposed a monetary penalty of Rs 2.70 lakh on the company for non-compliance with guidelines on the deferral of variable pay for two key managerial personnel for FY 2024-25. The lapse was identified during the RBI’s statutory inspection, and while the company notes that the fine will not materially affect its financials or operations, the action underscores tighter regulatory scrutiny of compensation practices at NBFCs and may prompt enhanced governance measures around pay structures.
More about Manappuram Finance Limited
Manappuram Finance Limited is a non-banking financial company focused on retail lending, primarily offering gold loans and other financial services to customers across India. The company operates under the regulatory oversight of the Reserve Bank of India and is listed on major Indian stock exchanges, positioning it as a prominent player in the domestic NBFC sector.
Average Trading Volume: 443,265
Technical Sentiment Signal: Buy
Current Market Cap: 216.8B INR
For an in-depth examination of MANAPPURAM stock, go to TipRanks’ Overview page.