MUMBAI, Sept 13 (Askume) – India’s Mahindra & Mahindra Financial Services (MMFS.NS) said on Friday it will expand its mortgage business to further strengthen its presence in the financial services sector.
The company said in an exchange filing that it will offer home financing loans, top-up loans, home improvement and home extension loans, among others.
Mumbai-based non-banking financial companies (NBFCs) will also participate in the government’s affordable housing loan scheme.
The company said it expects to invest 200-300 million rupees ($2.4-3.6 million) in expansion, including IT spending, over the next 12 months. (1 USD = 83.8630 Indian rupees)
