Manappuram Finance Limited , a leading non-banking financial company (NBFC) in India, has announced a significant addition to its senior management team. The company has appointed Sanjay Gangadharan Nambiar as Group General Counsel and Senior Management Personnel, effective December 1, 2025.

Extensive Legal Experience

Sanjay Gangadharan Nambiar brings an impressive 31 years of legal experience to Manappuram Finance, with over 25 years specifically in the banking and financial services sector. This extensive background positions him well to navigate the complex legal landscape of the financial industry.

Career Highlights

Nambiar's career trajectory showcases his expertise in various legal roles:

• Started as an Advocate at the Calicut Bar and Kerala High Court
• Served as Assistant Manager (Legal) at Kerala State Industrial Development Corporation Limited
• Held the position of Assistant General Manager (Legal) at IDBI Ltd. and the Stressed Assets Stabilization Fund under the Ministry of Finance
• Worked as Chief Manager (Legal) at ICICI Bank Ltd. and Asset Reconstruction Company (India) Ltd. (ARCIL)
• Most recently, served as Group General Counsel at YES Bank, leading a team of over 80 legal professionals

Educational Background

Nambiar's strong educational foundation includes:

• B.A. (Law), LL.B., and LL.M. from University of Calicut
• Senior Management Programme at IIM Kozhikode

Expertise and Achievements

Sanjay Gangadharan Nambiar is renowned for his expertise in banking regulations and corporate banking. His notable achievements include successfully managing major legal challenges, such as the reconstruction of YES Bank.

Manappuram Finance's Financial Position

While this appointment is a strategic move for Manappuram Finance, it's worth noting the company's recent financial position based on the latest available data:

The appointment of Sanjay Gangadharan Nambiar as Group General Counsel comes at a time when Manappuram Finance is showing growth in its financial metrics. This strategic addition to the senior management team may further strengthen the company's legal and regulatory compliance capabilities, potentially supporting its continued expansion in the competitive NBFC sector.

As Manappuram Finance continues to grow, the expertise of seasoned professionals like Nambiar will be crucial in navigating the complex legal and regulatory landscape of the financial services industry.

Manappuram Finance , a prominent player in the Indian gold loan market, has announced plans to reduce yields in its gold loan business by approximately 100 basis points. This strategic move comes as the company grapples with the impact of other business segments on its consolidated financial performance.

Yield Reduction Strategy

The company's management has outlined this initiative as part of its efforts to navigate the current business landscape. By lowering gold loan yields, Manappuram Finance aims to potentially increase its competitiveness in the market and attract more borrowers.

Impact on Financial Performance

While the yield reduction may affect the company's immediate revenue from gold loans, it's important to note that this decision comes in the context of broader financial challenges. Manappuram Finance has disclosed that other business segments continue to negatively impact its consolidated financial performance.

Financial Indicators

To provide a clearer picture of Manappuram Finance's current financial position, let's look at some key financial indicators:

These figures, based on the company's standalone financial results, show Manappuram Finance's performance for the quarter and half-year ended September 30, 2025.

Market Implications

The decision to reduce gold loan yields by 100 basis points may have several implications:

1. Increased competition in the gold loan market
2. Potential growth in the company's gold loan portfolio
3. Possible short-term impact on interest income

As the company implements this strategy, stakeholders will be watching closely to see how it affects Manappuram Finance's market position and overall financial health.

The management's decision to adjust its gold loan yields demonstrates a proactive approach to addressing the challenges posed by underperforming business segments. As the company navigates these changes, investors and industry observers will be keen to see how this strategy unfolds in the coming quarters.