The tangible Reserve Bank of India (RBI) yesterday systematic a Manappuram Finance Company to not accept/renew deposits from a public.
It also pronounced that investing their income within companies like Manappuram Finance and Manappuram Agro Farms (MAGRO) would have been a outrageous risk.
Under a RBI act of 1934, Manappuram Finance and it is organisation association MAGRO were not available to collect or replenish deposits in a people. However, Manappuram Finance continued to do therefore, that is bootleg and punishable with imprisonment.
Best film stars including (Venkatesh, Akshay Kumar, Vikram, Mohanlal and so on. ) have permitted Manappuram brand. So is a credit of these large stars is during interest now? Definitely!
