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Q.

Any news about manappuram finance

Tags: money, real estate, manappuram finance
Asked by anjaneyulu, 07 Feb '12 09:48 am
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Answers (5)

1.

Manappuram finance company shows that they are offering the best values as per the market rates. Actually this company has very low market value so they are trying to attract investors to invest this time but this company has no future at all, as they are trying to pull people for gold investment, which may be beneficial for them but not for the investors.
Source: http://www.guidetoinvest.net/articles/how-to-invest/gold
Answered by Dips, 21 Feb '12 12:05 pm

 
  
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2.

The Reserve Bank of India has banned Manappuram Finance and an unlisted group company from taking public deposits as it is a violation of rules governing its licence to function as a lender. The lender, which provides funds with gold as collateral, has been directed not to even renew those deposits which mature, RBI said in a statement. "The Reserve Bank has stated that acceptance of deposits either by Manappuram Finance or by Manappuram Agro Farms is punishable with imprisonment and has cautioned members of public that those who deposit money with Manappuram Finance or MAGRO do so at their own risk,'' the RBI said in the statement.
Answered by venkatesaldevarajan, 07 Feb '12 10:10 am

 
  
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3.

Current rate rs 48.60
Answered by iqbal seth, 07 Feb '12 09:54 am

 
  
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4.

Please do not enter into these finance companies. They will disappear one day putting investors at huge loss and government will not do any thing like in the past LLoyd Finance, Alpic Finance, IFB Finance and so on who has duped investors.
Answered by ajit ramdas vaidya, 07 Feb '12 09:54 am

 
  
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5.

No.
Answered by Dharmarajan, 07 Feb '12 09:52 am

 
  
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