Last month, M&M Finance deffered its Q4 results announcement from April 25, 2024 after it detected Rs 150-crore fraud at one of its branches in North East
The company will do an initial investment of approximately Rs 5 crore to Rs 10 crore towards technology setup, manpower hiring and training and certification costs.
The company’s biggest drawback has been its rather volatile track record on profitability. Delinquencies have been lumpy and so have provisions. But all that may be about to change
Shares of Mahindra & Mahindra Financial Services Limited (MMFSL) tanked 10 per cent on Friday following RBI's action. This is the biggest fall in Mahindra Finance share price since March 2020.