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Mahindra & Mahindra Financial Services Ltd News

Mahindra Finance's CFO Vivek Karve resigns; to pursue other interests

However, he will continue with the company beyond his notice period, till October 31, 2024, to ensure a smooth transition

Mahindra Finance's CFO Vivek Karve resigns; to pursue other interests
Updated On : 25 Jun 2024 | 9:57 PM IST

M&M Finance appoints Mahesh Rajaraman as CRO, to replace Mallika Mittal

Mahindra & Mahindra Financial Services on Tuesday said it has appointed Mahesh Rajaraman as Chief Risk Officer (CRO) of the company with effect from August 1, 2024. In a regulatory filing, Mahindra Finance said Mallika Mittal has tendered her resignation and ceased to be the CRO of the company with effect from May 17. Mittal would be exploring opportunities externally as per her resignation letter. Her resignation would be effective from close of business hours on November 16, 2024, when she would cease to be employee of the company, it added. The Non-banking Finance Company (NBFC) said in the interim period that Gaurav Verma, Head Underwriting & Product Policy, would exclusively oversee the risk management function and would be responsible for the responsibilities under the role of CRO until Rajaraman joins as the CRO. Rajaraman, who has been appointed for a 5-year term, holds 29 years of experience in the banking sector with demonstrated ability in leading and building ...

M&M Finance appoints Mahesh Rajaraman as CRO, to replace Mallika Mittal
Updated On : 21 May 2024 | 2:50 PM IST

Global cues, tax clarification, Gift Nifty: Key triggers for Nifty on May 6

All you need to know before Sensex, Nifty opens for trade on Monday, May 06: Gift Nifty hints at gap-up open; FM dismisses buzz of changes in capital gains tax and Q4 results.

Global cues, tax clarification, Gift Nifty: Key triggers for Nifty on May 6
Updated On : 06 May 2024 | 7:23 AM IST

M&M Finance Q4FY24 results: Net profit declines 10% to Rs 619 crore

Expenses grew by nearly 36 per cent on the year to Rs 2,874.56 crore in the quarter under review, up from Rs 2,112.94 crore in the January-March quarter of FY23

M&M Finance Q4FY24 results: Net profit declines 10% to Rs 619 crore
Updated On : 05 May 2024 | 5:04 PM IST

Mahindra Finance tanks 8% on deferring Q4 results due to Rs 150 cr fraud

On Monday, Mahindra Finance revealed that a financial fraud was detected during the end of 4th quarter of the financial year ended 31st March 2024

Mahindra Finance tanks 8% on deferring Q4 results due to Rs 150 cr fraud
Updated On : 23 Apr 2024 | 10:11 AM IST

Global stocks, RIL, Gift Nifty: All you need to know before mkt opens today

Stock market preview Tuesday April 23: Gift Nifty hints at gap-up open after US market ended on a strong note. RIL, Tata Consumer, Tata Elxsi, MCX and M&M Finance in focus today.

Global stocks, RIL, Gift Nifty: All you need to know before mkt opens today
Updated On : 23 Apr 2024 | 7:09 AM IST

'Mahindra Finance aims to nearly double non-vehicle loan book in FY25'

Currently, non-vehicle finance comprises 5%-6% of the company's loan book. The target will be met in phases and may not exceed 10% in 2024-25, Iyer said

'Mahindra Finance aims to nearly double non-vehicle loan book in FY25'
Updated On : 06 Mar 2024 | 5:43 PM IST

Mahindra Finance Q3 results: Net profit down 12% due to higher credit costs

The net profit of the company stood at Rs 629 crore in Q3 FY23. However, sequentially, the profit increased by 135 per cent from Rs 235 crore in Q2 FY24

Mahindra Finance Q3 results: Net profit down 12% due to higher credit costs
Updated On : 30 Jan 2024 | 9:38 PM IST