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Mahindra Finance eyes 50% stake in proposed Payment Bank

Mahindra Finance is likely to hold up to 50 per cent stake in the proposed Payment Bank, for which a group entity has applied for a licence from RBI.

Payment bank: Mahindra Finance in talks with IFC for JV

Tech Mahindra on Wednesday said its sister company Mahindra Finance will become equal shareholder if the Reserve Bank clears its payment bank licence, and the company is also in talks with the World Bank Group member IFC for a partnership in the foray.

Mahindra Finance says not applying for bank licence

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

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

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

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.