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Manappuram Finance - RBI Lifts Ban On Asirvad With Immediate Effect; A Positive Development: Motilal Oswal
While Asirvad is expected to witness a gradual improvement in new business volumes, it will still have to weather the industry-wide asset quality stress in the MFI sector, says Motilal Oswal.
09 Jan 2025, 10:44 AM IST 
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The revocation of this ban is a positive development, especially considering it occurred in less than three months (Source: Syed F Hashemi on Unsplash)
The revocation of this ban is a positive development, especially considering it occurred in less than three months, which is significantly shorter than our initial base case assumption of six months. This may have been possible due to the constructive efforts made by Asirvad to work with the regulator to have the ban lifted.
