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.
mahindra mahindra financial services company
April 2024
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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.
