Mahindra Finance forays into mortgage business
Mahindra & Mahindra Financial Services intends to leverage its geographical presence in the retail lending space.
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September 2024
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Charging Up Mahindra
Group MD & CEO Anish Shah has delivered a steep increase in RoE while pushing for fast growth in all group businesses.
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Mahindra Finance stock zooms 7% on strong Q4 performance
Mahindra Finance's Q4 profit was at ₹684 crore, 14% YoY growth, while FY23 PAT grew 101% at ₹1,984 cr
M&M Financial Services gains 3% as RBI lifts ban on recovery via third party
The central bank has removed a ban on M&M Financial Services to carry out any recovery or repossession activity through outsourcing arrangements with immediate effect.
Mahindra Finance says RBI order will hit vehicle recovery; stock tanks 12%
The Mumbai-based non-banking financial company repossesses about 4,000 to 5,000 vehicles per month, using the third-party agencies and its own employees.
RBI bars Mahindra Finance from outsourced recovery
Ban follows death of a borrower's pregnant daughter amid a forced seizure of tractor.
M&M Finance breaks own code, RBI guidelines as recovery agent kills borrower's pregnant daughter
The incident comes amid a high recovery rate of delinquent loans by NBFC in the first quarter of the current fiscal.
