💨 Abstract

Indian gold loan financier Manappuram Finance saw a 6% rise in shares on Thursday, a day after the Reserve Bank of India (RBI) removed restrictions imposed on its unit Asirvad Micro Finance. The restrictions were imposed in October for "usurious" pricing and high markups, but were lifted on Wednesday, as the companies had initiated remedial measures and submitted compliance reports, according to RBI.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖