M&M Financial’s medium-term earnings are expected to be hit after the RBI ban.
Mahindra & Mahindra Financial Services Ltd’s (M&M Financial) shares are on a downward spiral. Investors’ sentiment towards the stock turned sour after the Reserve Bank of India (RBI) directed it last week to immediately cease recovery and repossession activity through outsourcing arrangements. The non-banking financial company’s (NBFC) shares fell further on Monday by nearly 6%, extending Friday’s losses. With this, in the past two days, the stock is down 18%.