• SENSEX
    NIFTY 50
VIDEOS
Market

Few customers opting for moratorium, says Manappuram Finance

Updated : April 23, 2020 03:33 PM IST

Apart from the Reserve Bank of India’s (RBI) TLTRO 2.0 for NBFCs, S&P Ratings has downgraded Manappuram Finance’s outlook to 'negative' from 'stable'.

Speaking to CNBC-TV18, VP Nandakumar, MD and CEO of Manappuram Finance, said that very few customers have opted for the moratorium. “In our AUM, 85 percent is gold loan. There are only very few customers who have opted for moratorium. The collections are happening through various digital payment solutions,” he said.
cnbc two logos
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more
Live TV
Advertisement