On Friday, Maharashtra Governor K. Sankaranaryanan, formally opened the new corporate office at Valapad in Thrissur district. He noted that just because the value of the rupee has gone down recently the Indian economy would not collapse as some doomsday predictions had made out to be.
He recalled that while hundreds of banks in the US and Europe had folded up in the wake of the global economic slowdown, none of the banks in India had closed, signalling the strength of the country’s banking system as well as of the economy.
V.P. Nandakumar, managing director and chief executive officer of the company, recalled that Manappuram Finance had its humble beginnings at the village of Valapad.
Courtesy: The Hindu Business Line