News

The Collection Efficiency was at 101% for March 2024

Healthy disbursement trends during the period have led to Business Assets at around Rs 98,200 crore, growth of about 18% over March 2023 and approximately 25% over January 2023

Business Assets at around Rs 1,21,800 crore grew by around 15% over June 2024

The collection efficiency was at 95% for May 2022 in comparison to a subdued CE of 67% for May 2021 which was affected due to Covid related lockdowns

This offering has been launched in association with Car&Bike & Rupyy, the leading brands in the used car industry

Total consolidated income of the company increased by 2.67% to Rs 3,029.29 crore for Q2FY23

The Q2FY2024 disbursements at around Rs 13,300 crore result in growth of 12.6% YoY

The YTD July 2023 disbursements at around Rs 16,550 crore registered a growth of 23% Y-o-Y

The YTD November 2023 disbursements at about Rs 36,000 crore registered a growth of 16% Year-on-Year

Total consolidated income of the company increased 12.29% at Rs 3352.62 crore for Q3FY23

As on June 30, 2022, the Company estimates the gross business assets at Rs 67,500 crore

The YTD February 2024 disbursement is estimated at around Rs 50,090 crore registering a growth of 14% Year-on-Year

The collection efficiency stood at 98% for September 2022 as against CE of 96% for August 2022

Business Assets stood at around Rs 1,12,600 crore grew by around 20% over September 2023

The Company continued to maintain comfortable liquidity chest of about 3 months’ requirement

The YTD disbursement at approximately Rs 31,050 crore registered a Y-o-Y growth of 99%

On September 22, 2022, the RBI had directed the company to immediately cease carrying out any recovery or repossession activity

The implementation was completed in under a year with zero business disruptions

The company has executed a Master agreement for providing priority sector loans and periodical assignments of loan portfolios

A meeting of the Committee of Directors, as authorized by the Board of Directors of the Company, was held on September 7, 2022 has approved the allotment of the same

The Committee of Directors have on October 8, 2024 approved the allotment of the same

This action is based on the deficiencies in regulatory compliance

The Committee of Directors at its meeting held on July 10, 2025 has approved the same

This app will enable consumers from both metros and non-metros to have 24x7 digital access to avail and manage products & solutions in a secure, streamlined, and simple manner

The Board of Directors the company at their meeting held on September 13, 2024 have approved the same

A meeting of the Committee of the Board of Directors was held on July 14, 2022 to approved the allotment of the same

This tech partnership with FinnOne Neo, the flagship product of Nucleus Software will help in strengthening the backbone for scale up

The Committee of Directors, as authorized by the Board of Directors of the Company, at their meeting held on March 14, 2024 has approved allotment of the same

The Debenture Allotment Committee of the company at their meeting held on July 15, 2025 has approved allotment of the same

The Committee of Directors, as authorized by the Board of Directors of the Company, at their meeting held on January 16, 2024 has approved allotment of the same

The Board of Directors of the Company at its meeting held on January 17, 2023 has approved the same

As a pilot, this scheme would first go live in IPPB branches in the states of Maharashtra and Madhya Pradesh

The Credgenics platform will enable Mahindra Finance in streamlining and digitizing borrower communications including litigation modules across the loan portfolio

Date of maturity of the said NCDs will be July 21, 2032

On completion of this acquisition, MIBL will become a wholly owned subsidiary of Mahindra Finance

The Committee of Directors, as authorized by the Board of Directors of the Company, at their meeting held on April 21, 2023 has approved allotment of the same

A meeting of the Committee of the Board of Directors was held on August 23, 2022 to approve and allotment of the same

Quiklyz plans to deliver these leased vehicles over the next six months

Consolidated total income of the company increased by 15.94% at Rs 4,479.24 crore for Q2FY25

The Board of Directors of the Company at its meeting held on November 24, 2022 has approved the same

The penalty is based on deficiencies in regulatory compliance

This co-lending partnership is set to provide business loans for SME sector

The Committee of Directors have on September 26, 2024 approved the allotment of the same

A meeting of the Committee of Directors, as authorized by the Board of Directors, was held on September 27, 2022 has approved the allotment of the same

Total income of the company increased by 24.81% at Rs 3,636.91 crore for Q1FY24

These co-branded cards will be specifically designed to cater to a broad spectrum of Mahindra Finance’s customer base, offering enhanced benefits, loyalty programs, and milestone rewards

Total consolidated income of the company increased by 22.05% at Rs 3,536.35 crore for Q4FY23

This association is expected to facilitate quicker loan approval decisions, by combining automation and risk analysis

Total consolidated income of the company increased by 16.01% at Rs 4799.45 crore for Q3FY25

A meeting of the Committee of Directors, as authorized by the Board of Directors of the Company, was held on August 30, 2022 has approved the allotment of the same

Total consolidated income of the company increased by 27.54% at Rs 3863.47 crore for Q2FY24

Total consolidated income of the company increased by 23.39% at Rs 4137.00 crore for Q3FY24

A meeting of the Committee of Directors, as authorized by the Board of Directors of the Company, was held on October 31, 2022 to allotted the same