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Mahindra Rural Housing Finance, IPPB tie up for cash management solution

Mahindra Rural Housing Finance, IPPB tie up for cash management solution
May 24, 2021
India Post Payments Bank will offer collection services to MRHFL
Mahindra Rural Housing Finance and India Post Payments Bank on Monday announced a strategic partnership for cash management solution.
“As part of the tie-up, IPPB will be offering cash management and collection services to MRHFL through its access points and postal service providers,” Mahindra Rural Housing Finance said in a statement, adding that with the cash management service, its customers will be able to repay their monthly or quarterly loan instalments at over 1.36 lakh post offices.
J Venkatramu, MD and CEO, India Post Payments Bank (IIPB), said: “Cash management being the lifeline of business operations, IPPB with its robust network and technology platform can help corporates to manage their receivables safely, securely and seamlessly.” ....

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M&M Company News: Volatility Riddled Mahindra Finance Tries To Turn The Corner

Apr 28 2021, 11:31 AM
April 28 2021, 7:51 AM
April 28 2021, 11:31 AM
From a Covid-ravaged economy to a parent struggling with supply disruptions, many things that could go wrong for Mahindra & Mahindra Financial Services Ltd. in FY21 did go wrong. The lender capped a volatile year with a weak set of fourth-quarter earnings and while it hopes for a quick turnaround, analysts remain sceptical.For the full year, Mahindra Finance reported a 63% drop in profit after tax, while for the fourth-quarter profit.
From a Covid-ravaged economy to a parent struggling with supply disruptions, many things that could go wrong for Mahindra & Mahindra Financial Services Ltd.
in FY21 did go wrong. The lender capped a volatile year with a weak set of fourth-quarter earnings and while it hopes for a quick turnaround, analysts remain sceptical. ....

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