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M&M Finance in the process of restructuring its housing arm: Moneycontrol


Published on 2025-01-06 10:20:46 - cnbctv18
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  • The new leadership at the parent company is clear that the mortgage business has to move out of the affordable homes segment in order to pare its bad loans book.

The article from CNBC TV18 discusses how Mahindra & Mahindra Financial Services (MMFSL) is in the process of restructuring its housing finance arm, Mahindra Rural Housing Finance Limited (MRHFL). The restructuring aims to address the challenges faced by MRHFL, including high operational costs and a need for better risk management. MMFSL is considering various strategic options, which might include bringing in a partner or even a potential sale of the housing finance business. This move is part of a broader strategy to streamline operations, enhance profitability, and focus on core competencies. The article highlights that the decision comes at a time when the housing finance sector is experiencing increased competition and regulatory scrutiny, pushing companies to optimize their business models.

Read the Full cnbctv18 Article at:
[ https://www.cnbctv18.com/business/finance/mm-finance-in-the-process-of-restructuring-its-housing-arm-moneycontrol-19535464.htm ]