Ramesh Iyer, VC & MD, Mahindra Finance, takes over as the Chairman of FIDC

Finance Industry Development Council (FIDC) is a Representative Body of Assets and Loan Financing NBFCs

Mahindra & Mahindra Financial Services Limited announces Public Issue of Secured and Unsecured Subordinated Redeemable Non-Convertible Debentures (NCDs)

• NCDs of face value of Rs.1000 each for an amount of Rs. 500 crores ("Base Issue Size")
• Option to retain oversubscription up to Rs. 3,000 crores aggregating up to Rs.3,500 crores ("Tranche I Issue")
• Tranche I Issue offers both secured and unsecured NCDs
• The amount reserved for Secured and Unsecured NCDs is Rs. 2,500 crores and Rs.
  2019-01-03

• Mahindra Finances hikes FD rates

  • Interest rate for deposits upto 12 months up by 30 bps to 8.00 percent, upto 18 months up 35 bps to 8.10 percent and upto 24 months hiked by 10 bps to 8.35 percent.
  • With the revision the effective Interest rate for 24 months Cumulative scheme is 8.35% for Offline Deposits & 27 months Cumulative Scheme is 8.60% for Online Deposits
  • Crisil rating of 'FAAA', which indicates a high level of safety.
    2018-08-23