Welcome to manappuram.com! In order to provide a more relevant experience for you, we use cookies to enable some website functionality. Cookies help us see which articles most interest you; allow you to permit us to deliver content tailored to your interests and locations; and provide many other site benefits. For more information, please review ourPrivacy Policy

     

Reopening of services to depend on permission from local authorities: NBFCs

Monday, April 20, 2020
Business Standard


Although the government has allowed NBFCs, HFCs to start operations, they have not allowed resumption of operations in hotspots and have also not permitted field activities
While the government has allowed non-banking financial companies (NBFCs), including mortgage lenders and microfinance institutions (MFIs), to start operations, albeit with bare minimum staff, resumption of services by them will depend on permissions from state governments and local authorities.

The shadow lenders are holding discussions and formulating plans on how to make things work.

Read more