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M&M Finance eyes Rs 20,000-crore small-ticket loans via e-platform

The company expects to build a strong balance sheet in digital business unit which will not just add to the growth of M&M Finance but also help to retain existing customers

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Abhjiit Lele Mumbai
With competition getting tough, M&M Financial Services, a financer for automotive and tractors, is eyeing substantial business from the consumer credit segment through its digital platform.
 
The firm expects to disburse short-term credit of Rs 20,000 crore predominantly to its existing customers over three years through digital business unit. This will run as an independent unit within the company.
 
The company expects to build a strong balance sheet (in digital business unit) which will not just add to the growth of M&M Finance but also help to retain existing customers.
 
While the company does not see too

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