Wednesday, February 8, 2012

Manappuram’s board to weigh move after RBI ban

....The charge against the company was that it was accepting deposits through an unregistered group firm, Manappuram Agro Farms. Company officials had stated that public deposits flowing into the accounts of Manappuram Agro were ‘under the customer’s own volition’ and that ‘it was an error of judgement’.......

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