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Latest news about M&M Financial Services

M&M Financial Services Secures Top-Tier Credit Ratings from CRISIL and India Ratings Nov 12, 2025

M&M Financial Services has received reaffirmations of its highest credit ratings from India Ratings & Research and CRISIL Ratings. India Ratings assigned 'IND AAA' with a Stable outlook to various debt instruments, including retail non-convertible debentures, private subordinated debt, and fixed deposits. CRISIL maintained its 'CRISIL AAA/Stable' rating for long-term debt instruments. Both agencies rated the company's commercial paper as 'A1+'. These ratings indicate the highest degree of safety for timely servicing of financial obligations and the lowest credit risk.

Mahindra Finance Reports Robust Q2 FY'26 Performance with Improved Margins and Asset Quality Nov 04, 2025

M&M Financial Services Appoints New COO and Independent Director, Reports Strong Q2 Results, and Updates Insider Trading Code Oct 28, 2025

Mahindra Financial Services Fully Utilizes Rs 2,996 Crore Rights Issue Proceeds Oct 28, 2025

Mahindra Financial Services Reports Strong Q2 FY26 Results with 54% PAT Growth Oct 28, 2025

More news about M&M Financial Services

14Oct 25

Mahindra & Mahindra Financial Services Appoints Alka Srivastava as Head of Underwriting

M&M Financial Services has announced that Ms. Alka Srivastava, currently the Business Head for CVCE, will become the new Head-Underwriting effective October 15, 2025. Srivastava brings 24 years of experience in Banking and Financial Services, including roles at HDFC Bank, Axis Bank, and CitiFinancial. She has been with M&M Financial Services for 3 years, serving as Business Head for CVCE for the past year. This appointment is part of the company's efforts to strengthen its underwriting capabilities.

03Oct 25

Mahindra Financial Services Reports ₹13,500 Crore Disbursement in Q2, Business Assets Grow 13%

M&M Financial Services announced strong Q2 performance with estimated disbursements of ₹13,500 crore, up 3% year-on-year. Business assets grew by 13% to ₹1,26,800 crore. H1 disbursements reached ₹26,300 crore, a 2% increase. Stage 3 assets were at 3.9-4.0%, while Stage 2 assets improved to 5.75-5.85%. Collection efficiency remained steady at 96%. The company maintains a strong liquidity position exceeding ₹8,500 crore.

19Aug 25

Credila Seeks $600M Foreign Loan After IPO Filing

Credila, an education loan provider, is in talks with foreign lenders like DBS, MUFG, and Sumitomo Mitsui Banking Corp to raise up to $600 million through external commercial borrowing. The loan is being marketed at 135-150 basis points over SOFR, with an expected interest rate of 5.5-6%. This move follows Credila's recent filing of draft IPO papers to raise ₹5,000 crore. The company has expanded its lender base from 19 to 29 in two years, with offshore borrowings now accounting for 18.4% of total debt. HDFC Bank has sold its stake to EQT's Kopvoorn BV and ChrysCapital entities, with Kopvoorn holding a 63.96% stake. Credila's average borrowings have increased by 62.9% to ₹32,700 crore, while the average cost of debt rose slightly to 8.85%.

11Aug 25

Mahindra Finance and ICICI Lombard Join Forces to Boost Motor Insurance Accessibility

Mahindra Finance and ICICI Lombard General Insurance have formed a strategic partnership to distribute motor insurance products across India. Mahindra Finance will utilize its extensive network of over 11 million customers in rural and semi-urban areas to offer ICICI Lombard's motor insurance solutions. The collaboration aims to enhance financial inclusion and protection for customers, leveraging ICICI Lombard's tech-driven approach and Mahindra Finance's wide reach across 516,000 villages and 8,000 towns.

07Aug 25

Zerodha's Rainmatter Acquires 5% Stake in Capitalmind Financial Services

Rainmatter, Zerodha's investment arm, has acquired approximately 5% stake in Capitalmind Financial Services, marking the latter's first institutional funding. The investment is capped at 10% due to regulatory requirements. Rainmatter will not take a board seat, allowing Capitalmind to maintain operational independence. This move follows Capitalmind's recent launch of its fund business and mutual fund operations. The investment aligns with Rainmatter's goal of supporting companies that help Indians manage money effectively.

04Aug 25

HDB Financial Shares Dip Below IPO Price Following Weak Quarterly Results

M&M Financial Services, a subsidiary of HDFC Bank, saw its shares fall 1.40% to ₹738.25, dropping below its IPO issue price of ₹740.00. The decline followed the announcement of quarterly results showing deteriorating asset quality metrics. The company's gross NPA ratio increased to 2.56%, net NPA ratio rose to 1.11%, and credit costs climbed to 2.50%. Despite a strong IPO that raised ₹12,000 crore and was oversubscribed 17.65 times, the stock has fallen 11.00% since listing.

24Jul 25

Mahindra Finance Shareholders Approve Rs. 1,50,000 Crore Borrowing Limit and Key Appointments

At M&M Financial Services' 35th AGM, shareholders approved several important resolutions. The borrowing limit was increased to Rs. 1,50,000 crore. Dr. Rebecca Nugent was re-appointed as an Independent Director for a five-year term. M/s. Makarand M. Joshi & Co. was appointed as the Secretarial Auditor for a five-year term. The resolutions received strong support, with voting in favor ranging from 99.67% to 100%. Shareholders also approved financial statements and dividend declaration.

22Jul 25

Mahindra Finance Reports 3% Profit Growth in Q1, Appoints New Chief Legal Officer

M&M Financial Services reported a 3% year-on-year increase in standalone PAT to Rs 530.00 crore for Q1 FY24. The company's loan book grew by 15%, with total AUM rising to Rs 1,22,008.00 crore. Total income increased by 18% to Rs 4,438.00 crore, while NII grew 18% to Rs 2,285.00 crore. Asset quality remained stable with GS3 at 3.8% and GS2+GS3 at 9.7%. Disbursements saw a 1% year-on-year increase, totaling Rs 12,808.00 crore, with tractor disbursements growing 21%. The company maintained a strong liquidity position and a capital adequacy ratio of 20.6%. Additionally, Ms. Ketaki Suklikar was appointed as the new Chief Legal Officer, effective November 1.

22Jul 25

Mahindra Finance Reports 3% Rise in Q1 Profit, Loan Book Grows 15% Amid Rising Stage-3 Assets

M&M Financial Services reported a 3% year-on-year increase in net profit to Rs 530.00 crore for Q1, driven by an 18% rise in total income to Rs 4,438.00 crore. The loan book grew by 15% to Rs 1,22,008.00 crore. However, the company faced challenges with asset quality as Gross Stage 3 assets increased to 3.85% from 3.69%. The company maintained its leadership in tractor financing and saw significant growth in non-vehicle finance portfolio. Strategic initiatives included implementing a product-led collections strategy and enhancing digital operations.

03Jul 25

M&M Financial Services Shares Rise Despite Asset Quality Concerns

M&M Financial Services shares increased by over 2% following their Q1 business update, despite Morgan Stanley raising concerns about asset quality and growth prospects. The update revealed a decline in collection efficiency from 97% to 95%. Morgan Stanley maintained an 'equal-weight' rating on the company. M&M Financial Services is implementing a strategic shift towards better-quality loan segments, which may impact loan yields and profitability metrics in the short term.

02Jul 25

M&M Financial Reports Steady Q1 Performance with ₹12,800 Crore Loan Disbursements

M&M Financial Services showed resilience in Q1 with a 1% YoY increase in loan disbursements to ₹12,800 crore. Business assets grew 15% YoY to ₹1,22,000 crore. Collection efficiency improved to 95%. Stage-3 assets slightly increased to 3.80-3.90%, while Stage-2 assets were at 5.80-5.90%. The company maintains a strong liquidity position with a buffer exceeding ₹9,600 crore.

27Jun 25

Mahindra & Mahindra Financial Services to Review Q1 Results on July 22

M&M Financial Services Ltd, a leading Indian non-banking financial company, has announced plans to review its Q1 financial results on July 22. This review will provide insights into the company's performance for the first three months of the fiscal year, covering aspects such as revenue, profitability, loan disbursements, and asset quality. The announcement is significant for investors and analysts, as it may impact stock prices and investor sentiment depending on how the results compare to market expectations.

09Jun 25

M&M Boosts Stake in M&M Financial Services via ₹1,653 Crore Rights Issue

Mahindra & Mahindra (M&M) has increased its stake in its subsidiary, M&M Financial Services, through a rights issue. M&M acquired 8.52 crore equity shares at ₹194.00 per share, totaling approximately ₹1,653.00 crore. This move strengthens M&M's position in the financial services sector and demonstrates its commitment to its subsidiary's growth.

08May 25

Mahindra & Mahindra Financial Services Unveils ₹2,996.16 Crore Rights Issue

Mahindra & Mahindra Financial Services has announced a rights issue to raise ₹2,996.16 crore. The issue price is set at ₹194.00 per share for 15.44 crore shares, with a rights entitlement ratio of 1:8. The record date is May 14, 2025, with the issue opening on May 22, 2025, and closing on June 6, 2025. This capital raise aims to strengthen the company's financial position and support future growth initiatives in the non-banking financial sector.

02May 25

Mahindra & Mahindra Financial Services Reaffirms Rs 3,000 Crore Rights Issue Plan

Mahindra & Mahindra Financial Services has reaffirmed its plan to raise Rs 3,000 crore through a rights issue to eligible equity shareholders. The board approved this fundraising plan, initially announced on February 13, 2025. The company's total assets grew by 19.69% year-over-year to Rs 115,159.00 crore in FY 2024, while total equity stood at Rs 18,157.50 crore. This significant fund raise, representing about 16.52% of the company's current total equity, could potentially enhance its loan book expansion, capital adequacy ratio, technological investments, and market exploration capabilities.

28Apr 25

Mahindra Finance Aims for Steady Growth Amid Challenging Market Conditions

Mahindra & Mahindra Financial Services Limited (MMFSL) reported 17% AUM growth to ₹119,673.00 crore in FY2025, with improved asset quality (GS3 at 3.70%) and reduced credit cost (1.30%). The company plans to increase non-wheels business from 7% to 25% of AUM in 3-5 years, while maintaining focus on vehicle financing. MMFSL targets mid to high-teen growth, emphasizing tractor and SUV segments, and exploring SME, leasing, and affordable housing opportunities. Management aims to improve Net Interest Margins and achieve ROA above 2% in the coming years.

23Apr 25

Mahindra Finance Reports 33% Growth in FY25 Profit, Improved Asset Quality in Q4

Mahindra & Mahindra Financial Services announced strong financial results for FY25, with standalone net profit growing 33% YoY to Rs 2,345.00 crore. Assets under management increased 17% to Rs 119,673.00 crore. The company's loan book grew 17% to Rs 116,214.00 crore. However, Q4 FY25 standalone net profit decreased 9% YoY to Rs 563.00 crore. Asset quality showed improvement, though Net Interest Margins declined. The Board recommended a dividend of Rs 6.50 per share (325%).

22Apr 25

M&M Financial Reports Mixed Results: Q4 Profit Dips, Full-Year Profit Surges 33%

Mahindra & Mahindra Financial Services Limited reported a 33% increase in net profit to Rs 2,345.00 crores for FY25, with total income growing 19% to Rs 16,075.00 crores. The loan book expanded by 17% to Rs 1,16,214.00 crores. However, Q4 FY25 saw a 9% decline in net profit to Rs 563.00 crores. The company announced a final dividend of Rs 6.50 per share (325%). Gross Stage 3 assets slightly increased to 3.70%. M&M Financial focused on diversification, with significant growth in SME loan disbursals and expansion into insurance distribution.

21Apr 25

Mahindra & Mahindra Financial Services to Announce Q4 Results and FY25 Dividend on April 22

Mahindra & Mahindra Financial Services will disclose its Q4 and FY25 financial results on April 22, 2025. The Board of Directors will review and approve the results, consider a dividend recommendation for FY25, and host an earnings call at 6:00 PM on the same day. This announcement is significant for investors, offering insights into the company's financial performance, potential dividend, and future outlook.

03Apr 25

Mahindra & Mahindra Financial Services Reports Q4 FY25 Updates and Block Trade

Mahindra & Mahindra Financial Services Ltd. released Q4 FY25 updates and saw a block trade of 1,184,668 shares at Rs. 264.10 per share on NSE. Q4 disbursements grew 1% YoY to Rs. 15,480 crore. Business assets increased 16% to Rs. 119,300 crore. Collection efficiency slightly decreased to 95%. Stage-3 assets rose to 3.7% from 3.4%, and Stage-2 assets increased to 5.5% from 5.0%. The company maintains a strong liquidity position with over Rs. 10,000 crore on its balance sheet.

03Apr 25

M&M Financial Services Projects Modest Growth for Q4 FY25 Amid Mixed Performance Indicators

M&M Financial Services estimates 1% YoY growth in Q4 FY25 disbursements to Rs. 15,480 crore. Business assets expected to grow 16% to Rs. 1,19,300 crore. Collection efficiency slightly down at 97%. Stage 3 and Stage 2 assets increase to 3.7% and 5.5% respectively. Company maintains strong liquidity of over Rs. 10,000 crore.

02Apr 25

M&M Financial Services Projects Modest Growth for Q4 FY25

M&M Financial Services estimates 1% YoY growth in Q4 FY25 disbursements to Rs. 15,480 crore, with FY25 disbursements expected to reach Rs. 57,850 crore, up 3% YoY. Business assets are projected to grow 16% to Rs. 1,19,300 crore. Collection efficiency is estimated at 97% for Q4 FY25, down from 98% in Q4 FY24. Stage 3 and Stage 2 assets are expected to increase to 3.70% and 5.50% respectively. The company maintains a strong liquidity position exceeding Rs. 10,000 crore.

27Feb 25

M&M Financial Services Raises ₹500 Crore Through NCD Allotment

Mahindra & Mahindra Financial Services Limited has completed the allotment of non-convertible debentures worth ₹500 crore. The company issued 50,000 NCDs, each with a face value of ₹1,00,000, at a coupon rate of 8.30% per annum for a 10-year tenor. The NCDs are unsecured, rated, listed, subordinated (Tier II), and redeemable, to be listed on the BSE's Wholesale Debt Market Segment. The allotment was approved on February 27, 2025, following successful bidding on the BSE Bond-EBP Platform.

24Feb 25

Mahindra Finance to Raise Up to ₹5,000 Crore Through Private Placement of NCDs

Mahindra & Mahindra Financial Services Limited has approved the issuance of Non-convertible Debentures (NCDs) through private placement. The base issue size is ₹300 crore with a green shoe option of up to ₹200 crore, potentially raising a total of ₹500 crore. This strategic move aims to infuse capital, potentially fund business expansion, manage debt portfolio, and reflects investor confidence in the company.

21Feb 25

Mahindra Finance Approves NCD Issue and Rs 3,000 Crore Rights Issue, Schedules Investor Conference

Mahindra & Mahindra Financial Services Limited has approved a rights issue to raise up to Rs 3,000 crore and a Non-Convertible Debenture (NCD) issue with a base size of Rs 3 billion and a green shoe option of up to Rs 2 billion. The company also announced its participation in the IIFL 16th Enterprising India Conference 2025 on February 27, 2025, in Mumbai.

20Feb 25

Mahindra & Mahindra Financial Services Unveils Rs 3,000 Crore Rights Issue Plan

Mahindra & Mahindra Financial Services has approved a rights issue to raise up to Rs 3,000 crore. This strategic move aims to strengthen the company's capital base and support future growth initiatives. The substantial fund infusion could be used for strengthening the balance sheet, exploring growth opportunities, investing in technology, and consolidating market position. Additionally, the company will participate in the IIFL 16th Enterprising India Conference 2025 to engage with investors, demonstrating its commitment to transparency and stakeholder engagement.

20Feb 25

Mahindra Finance Reports Strong Growth and Reaffirms Top-Tier Credit Ratings

Mahindra and Mahindra Financial Services showed robust growth in the first nine months of FY25, with a 19.5% increase in net loan book to ₹1,11,630 crore and a 56% surge in net profit to ₹1,792 crore. The company's credit ratings were reaffirmed by CRISIL, maintaining 'AAA' for long-term instruments and 'A1+' for short-term instruments. M&M Financial is diversifying into EV financing and expanding fee-based income, with management projecting medium-to-high teen loan growth for FY26.