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Manappuram insider bail out just before RBI deposit ban?
The curious case of Manapurram Finance, the loans-against-gold company that was recently pulled up by the Reserve Bank of India (RBI), keeps getting murkier.
The curious case of Manapurram Finance , the loans-against-gold company that was recently pulled up by the Reserve Bank of India (RBI), keeps getting murkier.
On Monday, 6 February, the RBI barred Manappuram and a related sole proprietary firm from raising public deposits, but even before the news was out, the wife of one of the company's promoters was selling shares in the company.
