Manappuram Finance Ltd stock rose 5.5% in early trade on Thursday after the Reserve Bank of India lifted restrictions on its microfinance arm, Asirvad Micro Finance Ltd, with immediate effect. AMFL’s AUM growth was just 8% year-on-year in H1FY25 on a much lower base compared to 17% of other loans even before the RBI ban. Interestingly, despite the higher interest …
