Manappuram Fin not permitted to accept/renew deposits: RBI

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Manappuram Fin not permitted to accept/renew deposits: RBI

RBI said that, Manappuram Finance is not permitted to accept/renew deposits from public, reports CNBC-TV18.

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Reserve Bank of India (RBI) said that, Manappuram Finance is not permitted to accept/renew deposits from public, reports CNBC-TV18.

However, the company has board meeting to discuss RBI ban on Friday.

Meanwhile, the stock plunged 18.21% or Rs 10.35 at Rs 46.50. It touched an intraday high of Rs 54.80 and an intraday low of Rs 45.65.
 
It was trading with volumes of 228,482 shares. In the previous trading session, the share closed down 3.40% or Rs 2 at Rs 56.85.

The company's trailing 12-month (TTM) EPS was at Rs 3.39 per share. (Dec, 2011). The stock's price-to-earnings (P/E) ratio was 14.07. The latest book value of the company is Rs 2.31 per share. At current value, the price-to-book value of the company was 20.65. The dividend yield of the company was 1.26%.