2024-09-13 04:20:58 pm | Source: Reuters
India`s Mahindra & Mahindra Financial to expand mortgage business
India's Mahindra & Mahindra Financial Services said on Friday it will expand its mortgage loan business to further strengthen its presence in the financial services sector.
The company will provide housing finance loans, top-up loans, home improvement and home extension loans, among others, its said in an exchange filing.
The Mumbai-based non-banking finance company (NBFC) will also participate in the government's affordable housing loan schemes, it said.
The company expects to invest 200-300 million rupees ($2.4-$3.6 million) over the next 12 months, including IT spends, for the expansion, it added. ($1 = 83.8630 Indian rupees)
Disclaimer:
The content of this article is for informational purposes only and should not be considered financial or investment advice. Investments in financial markets are subject to market risks, and past performance is not indicative of future results. Readers are strongly advised to consult a licensed financial expert or advisor for tailored advice before making any investment decisions. The data and information presented in this article may not be accurate, comprehensive, or up-to-date. Readers should not rely solely on the content of this article for any current or future financial references.
To Read Complete Disclaimer Click Here
Latest News
NHAI constructs record 5,614 kms of highways in FY25...
Members of Delhi Janata Muslim Committee celebrate W...
Evening Roundup : A Daily Report on Bullion Energy &...
Ambassador of India to Thailand hails PM Narendra Mo...
FIIs stood as net sellers in equities as per April 0...
MOSt Market Roundup : Sensex Surges 600 Points, Nift...
Newly married Sonakshi Sinha, Zaheer Iqbal seen at M...
Bollywood actor Vaani Kapoor dazzles in silver gown ...
Fashion Designer Manish Malhotra attends Vivienne We...
Bollywood actor Vijay Varma at Vivienne Westwood Fas...
