May 13, 2025 09:21 am (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
US, China agree to pause tariff war for 90 days, will slash reciprocal duties by 115 percent | India struck Malir Cantonment in Karachi: IAF's big revelation on Operation Sindoor | Nuclear blackmailing will not be tolerated, Operation Sindoor not over: PM Modi in address to nation | Military bases, equipment, systems operational, ready for next mission if required: Armed Forces on Operation Sindoor | India's cricket icon Virat Kohli retires from Test cricket | Secretary of State Marco Rubio says US position on Russia-Ukraine war remains on reaching 'immediate ceasefire' | Trade war de-escalation: US, China decide to roll back most tariffs for 90 days | India and Pakistan agreed to stop military actions: Govt confirms Trump's ceasefire claim | India, Pakistan have reached full and immediate ceasefire: Donald Trump announces on Truth Social | 'Frivolous allegation': India dismisses Pakistan's 'Indian missiles hit Afghanistan' disinformation
Photo courtesy: Pixabay

Mahindra & Mahindra Financial Services to enter mortgage business

| @indiablooms | Sep 14, 2024, at 03:55 am

Mumbai: Mahindra & Mahindra Financial Services is all set to enter the mortgage business with its board greenlighting the new venture, media reports said.

Under the new business, the non-banking finance company will provide housing finance, top-up loans, lease rental discounting, home improvement and home extension loans among other services, according to a Moneycontrol report.

The lending firm aims to use its solid geographical reach in the retail loan space to make available the mortgage lending opportunity for its existing customers as well as new customers, it said.

The board of directors approved the expansion into the mortgage business in a meeting held on Friday.

An investment of about Rs 20 - 30 crore has been set over the next 12 months, the report said.

Mahindra & Mahindra Financial Services Limited shares closed at Rs 332.75 on the NSE, with a 0.44 percent increase. The stock has soared 20.93 percent in 2024 so far, outperforming the Sensex, which grew by 14.69 percent during the same timeframe.

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.
Related Videos
FM Nirmala Sitharaman presents Budget 2025 Feb 01, 2025, at 03:45 pm
Nirmala Sitharaman on Budget 2024 Jul 23, 2024, at 09:30 pm
PM Modi on Budget 2024 Jul 23, 2024, at 09:30 pm