Page 2 - M&m Financial Services

'Can't outsource recovery agents': RBI cracks the whip on M&M Financial

This is probably the first time the regulator has cracked down on lenders on recovery by coercive methods, which is typically a hallmark of outsourced recovery agents

RBI orders M&M Financial to stop loan recovery via third party

The shadow lending arm of the Mahindra Group can continue recovery or repossession activities through its own employees, the RBI said in a statement

A woman's death in Jharkhand brings loan recovery agents to notoriety again

Court warnings and RBI's circular prohibit lenders and their agents from harassing or threatening debtors

Analysts bet on consumer financiers as festive cheer perks up loan demand

Demand for consumer goods, automobiles, white goods has been holding momentum, which should translate into good credit off take for consumer financiers this festive season, analysts said

M&M Financial gains 4%, hits 52-week high on healthy business in August

MMFSL said the business continued its momentum with disbursement of approximately Rs 3,740 crore, delivering a 75 per cent year on year (YoY) growth

Here's why Mehul Kothari recommends buying M&M Finance, MTAR Technologies

The technical analyst from Anand Rathi advises traders to buy MTAR Tech near Rs 1,300 for an upside target of Rs 1,500 in the coming weeks.

M&M Financial Services zooms over 16% in July on strong biz outlook

Thus far in July (last eight days), MMFSL has rallied 16 per cent, as compared to a 1.6 per cent rise in the S&P BSE Sensex

M&M Financial gains 3%, hits 52-week high on healthy business outlook

Thus far in July (last eight days), MMFSL has rallied 18 per cent, as compared to a 2 per cent rise in the S&P BSE Sensex.

Nandish Shah recommends Bull Spread strategy for M&M Financial Services

The stock price of M&M Financial Services has broken out on the daily chart from the downward sloping trendline

Mahindra group: M&M, Mahindra Holidays may jump up to 25%, charts show

The Mahindra Group stocks, barring Tech Mahindra, have outperformed the benchmark indices considerably so far in 2022, and look fairly strong on the charts poised for more gains ahead.

Bull Spread strategy on M&M Financial by Nandish Shah of HDFC Securities

Short term trend of the stock has turned positive as it closed above its 10-and 20-day EMA

M&M Finance suffers huge Q1 loss at Rs 1,529 cr on sharp rise in provisions

Makes expected credit loss provision of Rs 2,124 cr

Mahindra Finance Q4 consolidated net down 8% to Rs 219 cr, income down 3%

Full-year profit down 28% to Rs 780 cr; firm proposes 40% dividend for FY21

Trading calls by Nilesh Jain of Anand Rathi: Sell Info Edge, M&M Financial

The momentum indicators and oscillators have turned negative for M&M Financial Services' shares, where MACD has provided fresh sell crossover on the daily chart

Central bank's proposals on dividend payouts weigh on state-owned NBFCs

The RBI has proposed that the payouts from next financial year will depend upon factors such as capital adequacy, non-performing asset ratio and leverage ratio.

Sensex surges 377 pts as financial, FMCG stocks rally; Nifty ends at 11,889

All that happened in the markets today

M&M Financial Services' net profit rises 21% to Rs 304 crore in Q2

The provisions and write-offs stood at Rs 619.4 crore in Q2Fy21, up from Rs 360.7 crore in the year-ago period

Out of the woods? Analysts turn bullish on NBFCs on improved liquidity

Recent steps by the government and the RBI to keep systemic liquidity and rates benign along with direct liquidity to NBFCs facing constraints, in the wake of Covid-19, have helped, analysts say

Fund raising through rights gains currency following RIL mega issue

Regulatory tweaks aid momentum, with half a dozen firms launching or are in the process of issuing fresh equity shares through this route over the past month

M&M Financial gains 12% on 1:1 rights issues at Rs 50 per share

M&M said that its board has approved to subscribe to the equity shares of MMFSL to the full extent of the Company's rights entitlement.