Manappuram taps ex-RBL Bank CFO as group finance chief, okays Rs 250 crore for microfinance unit
Manappuram Finance named former RBL Bank CFO Buvanesh Tharashankar as group CFO, effective Dec. 26. The company approved up to Rs 250 crore in new investment for its subsidiary Asirvad Micro Finance. Quarterly net profit dropped 61.5% to Rs 219.88 crore, while revenue rose 13.8% to Rs 2,459.08 crore.
