Mahindra & Mahindra Financial Services (NSE:M&MFIN) Credit Losses Provision : ₹0 Mil (As of Mar. 2024)

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What is Mahindra & Mahindra Financial Services Credit Losses Provision?

Mahindra & Mahindra Financial Services's credit losses provision for the three months ended in Mar. 2024 was ₹0 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Mar. 2024 was ₹0 Mil.

Mahindra & Mahindra Financial Services Credit Losses Provision Historical Data

The historical data trend for Mahindra & Mahindra Financial Services's Credit Losses Provision can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Mahindra & Mahindra Financial Services Credit Losses Provision Chart

Mahindra & Mahindra Financial Services Annual Data

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Credit Losses Provision

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Mahindra & Mahindra Financial Services Quarterly Data
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Mahindra & Mahindra Financial Services Credit Losses Provision Calculation

For each period of operations, banks may reserve a portion of their income to cover the possible non-performing loans. The amount of the Credit Losses Provision is dependent on the management's estimate of the load quality they have. The higher Credit Losses Provision is, the lower banks' reported income in. This does not affect banks' cash flow statement.

Credit Losses Provision for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹0 Mil.

Mahindra & Mahindra Financial Services (NSE:M&MFIN) Business Description

Industry

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532720:India

Address

Dr. G M. Bhosale Marg, 4th Floor, Mahindra Towers, A Wing, P.K. Kurne Chowk, Worli, Mumbai, MH, IND, 400 018

Website

https://www.mahindrafinance.com

Mahindra & Mahindra Financial Services Ltd is a subsidiary of the Indian conglomerate Mahinda & Mahindra. The company is a nonbanking financial company that serves the financing needs of a sizable population residing in nonmetropolitan areas of India. The company provides a wide range of retail products and services, including financing vehicles for commercial and personal use, tractors, small to medium enterprise loans, and other financial products. The company also operates in other niche markets. It has introduced mutual fund distributions, fixed deposit products, and personal loans. The company's main source of revenue is interest income from its loans.

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