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Action against Mahindra & Mahindra Financial Services 

Mahindra finance

Mahindra Finance

Action against Mahindra & Mahindra Financial Services Ltd., under Section 45L(1)(b) of the Reserve Bank of India Act, 1934

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Mahindra Finance

RBI Says - immediately cease carrying out any recovery or repossession activity through outsourcing arrangements, till further orders. 

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Mahindra Finance

NBFC may continue to carry out recovery or repossession activities, through its own employees. 

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Mahindra Finance

This action is based on certain material supervisory concerns observed in the said NBFC, with regard to the management of its outsourcing activities.

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Mahindra Finance

This action is based on certain material supervisory concerns observed in the said NBFC, with regard to the management of its outsourcing activities.

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