Comments
IFC, a member of the World Bank group, is investing ₹160 crore in Mahindra Rural Housing Finance (MRHFL), a subsidiary of Mahindra & Mahindra Financial Services. MRHFL will use the proceeds of the fund injection to extend loans to low-income borrowers in villages. M&M Financial Services holds 87.5 per cent of the equity of MRHFL, with the remaining 12.5 per cent being held by the National Housing Bank. Shareholders of the company will closely monitor execution of the project.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.