Kotak Mahindra Life Insurance Company Ltd. (“Kotak Life”) has entered into a strategic corporate agency partnership with Mahindra & Mahindra Financial Services Limited (“Mahindra Finance”), one of India’s leading non-banking finance companies. This collaboration is set to benefit over 10 million customers of Mahindra Finance by providing them with a range of tailored life insurance […]
Mahindra & Mahindra Financial Services Limited (Mahindra Finance), a prominent figure in India’s Non-Banking Finance sector, has obtained a pivotal corporate agency license from the Insurance Regulatory and Development Authority of India (IRDAI). This license marks a significant expansion in Mahindra Finance’s ability to offer customized insurance plans, further enhancing its customer-centric approach. Enhanced Service […]
Mahindra Rural Housing Finance, a subsidiary of Mahindra & Mahindra Financial Services Limited, has integrated FinnOne Neo, the next-generation digital lending solution from Nucleus Software. Completed in less than a year with zero business disruptions, this step aligns with the company’s digital transformation strategy, impacting both its retail and mortgage lending operations. Mahindra Rural Housing […]
Mahindra & Mahindra Financial Services Limited (MMFSL or Mahindra Financial), a non-banking finance company in India and part of the Mahindra Group, announced a strategic partnership with software products company Nucleus Software. The partnership aims to strengthen Mahindra Financial’s scalability and improve employee experiences by leveraging Nucleus Software’s flagship product, FinnOne Neo. Raul Rebello — […]
Mahindra & Mahindra Financial Services Limited (MMFSL or Mahindra Finance) has launched ‘Used Car Digi Loans’, a specialized end-to-end digital journey, in partnership with Mahindra First Choice Wheels’ Car&Bike and CarDekho’s Rupyy. According to the Mahindra Group company, the new integrated journey will enable users to obtain loan deals tailored to their needs through Mahindra […]
Mahindra & Mahindra Financial Services (Mahindra Finance) has registered a profit after tax (PAT) of INR 664 crores during the third quarter of the fiscal year 2023 (FY 2023 Q3), a decrease of 33% compared to a profit after tax of INR 992 crores during the corresponding quarter in the previous fiscal year. For the […]
Mahindra & Mahindra Financial Services (Mahindra Finance) has reported a profit after tax (PAT) of INR 601 crores for the fourth quarter of the fiscal year 2021-2022 (Q4FY22), a 300% increase compared to INR 150 crores in the same quarter of the previous fiscal year. The total income of the Indian financial services provider was […]