MAHINDRA – INDIA

BY KEITH NUTHALL
AN INDIAN hire-purchase company has been lent IND Rupees 840, (US$17 million), by the World Bank's International Finance Corporation, so it can widen the financial services it offers India's rural and semi-urban communities, notably to sell insurance policies. Mahindra & Mahindra Financial Services Ltd (MMFSL) already provides equipment on HP (such as tractors) to customers from more than 150 outlets. Mahindra Managing Director Ramesh Iyer said earlier this year that with this branch network (covering nearly 82 per cent of India's ...


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