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Mahindra Finance says not applying for bank licence

Last Updated: Monday, June 24, 2013, 18:07

The Mahindras on Monday said they will not be applying for a bank licence, becoming the first conglomerate which was said to be 'a potential licensee' to opt out, citing "disadvantageous" and unclear norms.

Mahindra Finance's rural arm eyes Rs 1000-cr biz this fiscal

Last Updated: Sunday, November 18, 2012, 13:00

Incorporated in 2007, Mahindra Rural Housing Finance (MRHF) offers loans for buying, renovating, extending and improving homes in rural and semi-urban markets.

LeapFrog buys 15% stake in Mahindra Insurance Brokers for Rs 80 cr

Last Updated: Thursday, September 20, 2012, 20:20

Global investment firm LeapFrog on Thursday picked up 15 percent stake Mahindra Insurance Brokers Ltd (MIBL), a subsidiary of Mahindra Finance, for Rs 80 crore.

Mahindra Finance to foray into insurance sector

Last Updated: Tuesday, May 22, 2012, 12:05

In the partnership for general insurance which includes health, motor and other general insurance policies, Mahindra intends to hold 74 percent, while Travelers could stick to 26 percent, which is the highest limit for foreign investors in the insurance sector.