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M&M Financial tanks 14% as RBI bars third-party services for loan recovery

Business Standard LogoBusiness Standard4 mo ago

M&M Financial tanks 14% as RBI bars third-party services for loan recovery - Business Standard

Quick Summary:

In a circular, the RBI said that the non-banking finance company may continue to carry out recovery or repossession activities, through its own employees.

Despite of Friday's sharp decline, in the past six months, M&M Financial outperformed the market as it surged 25 per cent.

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Article Details

Author / Journalist: SI Reporter

Category: EconomyFinance

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-09-23 @ 10:23:00 (4 months ago)

News Timezone: GMT +5:00

Ranking: #1294 (out of 2836 stories this day)

News Source URL: business-standard.com

Language: English

Article Length: 423 words

Reading Time: 3 minutes read

Sentences: 18 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 485794

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Main Topics: BusinessFinance

Official Website: business-standard.com

Update Frequency: 100 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 3 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #49

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  • News ID: #485794
  • URL: https://beamstart.com/news/mm-financial-tanks-14-as-16639101182960

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