Arman receives CARE MFI Grading: MFI-2
I have the great pleasure to inform you about CARE's most recent MFI rating given to Arman's Microfinance Operations. CARE assigned a rating of MFI 2, which speaks volumes of the quality of our operations. The Grading is assigned on a 8-point scale with MFI 1 being the highest.
Arman announces Fair Practice Code
Pursuant to the notification issued by Reserve Bank of India by its circular DNBS.CC.PD.NO.266/ 03.10.01/ 2011-12 DATED 26-3-2012, Arman Financial Services Ltd. has formulated a Fair Practices Code to lay down procedures and practices in dealing with business transactions. Click on the link to download and read the fair practice code.
Board recommends Final Dividend of 6%
Arman Financial Services Ltd has informed BSE that the Board of Directors of the Company at its meeting held on July 12, 2010, inter alia, has proposed the Final Dividend of @ 6% per share for the financial year 2009-10.
In addition, the results for the quarter ended June 30, 2010 has been reviewed and recommended by the Audit Committee and taken on record by the Board of Directors at the meeting held July 12, 2010. Arman was pleased to announce record profits, with a quarter-over- uarter increase in Income of 72%, while Profit-Before-Taxes increased 61% during the same period held on 12/07/2010.