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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M&M Financial shares extend fall as brokerage downgrades stock to sell
Centrum Broking has downgraded Mahindra Finance to ’Sell’, saying that fraud at one of the branches may impact its earnings.
M&M Finance forays into life, health and general insurance
The company plans to make an initial investment ranging from ₹5 crore to ₹10 crore.
M&M Q1 profit jumps 60% to ₹3,508 crore
The company's automotive business clocked the highest-ever volumes in the first quarter at 186,000 units
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.
