Enter your city for weather info

Invalid City Name

rain icon
Temperature 22°C
Status Clear
City New York
4-Day Forecast
Humidity icon

50%

Humidity

wind icon

15 km/h

Wind Speed

Please Enter OTP For Tractor Price कृपया ट्रैक्टर की कीमत के लिए ओटीपी दर्ज करें
Enquiry icon
Enquiry Form

Newly appointed MD of M&M Anish Shah says 'Mahindra & Mahindra may apply for Banking Licence

Newly appointed MD of M&M Anish Shah says 'Mahindra & Mahindra may apply for Banking Licence

    Newly appointed MD of M&M Anish Shah says 'Mahindra & Mahindra may apply for Banking Licence

05 Apr, 2021

Anish Shah, the Managing Director, and CEO of Mahindra & Mahindra (M&M) said the conglomerate could look at applying for a banking license.

"We feel that from a governance standpoint, we will meet all the criteria that are laid out for us," he told The Economic Times.

"The Mahindra Group does not borrow from Mahindra Finance today. If anything, we actually lend to Mahindra Finance sometimes when required and we put in the capital earlier this year as well," Shah said.

However, the conglomerate has not yet decided whether it will acquire a state-run bank or a private bank, he told the paper.

Shah also said Mahindra Logistics will evaluate potential acquisitions but has not yet made a decision on Concor.

There is no reshuffling of senior management taking place at the company, the M&M CEO said. Shah took over as the head of M&M on April 2, 2021, succeeding Pawan Goenka.

"There is no rejig that's happening. Our team is in place. We have a very strong team," he told the publication.

Shah also said the company is exploring ways to expand the Mahindra Holidays business.

"What we're looking at is how we can expand that business significantly because the core is working very well," he said.

Shah also spoke to The Economic Times about Mahindra's global ambitions.

"If the question is, are we going to make global acquisitions of other companies, the answer is no. Are we going to look at the technology that helps us build better vehicles in India and partnerships that help us go global as a result of that, the answer is yes."

Read More

 

 Mahindra sales down April 2020       

INDIAN TRACTOR INDUSTRY: WHOLESALE TRACTOR SALES FIGURES FY21!   

  Read More  

 Mahindra sales down April 2020       

MAHINDRA’S FARM EQUIPMENT SECTOR SELLS 354,498 TRACTORS IN FY21, UP BY 17.4 PERCENT YOY                         

Read More  

 Mahindra sales down April 2020       

ESCORTS SOLD 1,06,741 TRACTORS IN FY21, UP BY 24.1 PERCENT YOY                      

Read More

Top searching blogs about Tractors and Agriculture

Top 10 Tractor brands in india To 10 Agro Based Indutries in India
Rabi Crops and Zaid Crops seasons in India Commercial Farming
DBT agriculture Traditional and Modern Farming
Top 9 mileage tractor in India Top 5 tractor tyres brands
Top 11 agriculture states in India top 13 powerful tractors in india
Tractor Subsidy in India Top 10 tractors under 5 Lakhs
Top 12 agriculture tools in India 40 Hp-50 Hp Tractors in India

review Write Comment About Blog.

Enter your review about the blog through the form below.



Customer Reviews

Record Not Found

Popular Posts

https://images.tractorgyan.com/uploads/113823/6692222f0f3c2-vst-zetor-introduced-tractors-in gujarat.jpg

VST Zetor Introduced Tractors in Gujarat

12 July 2024: VST Zetor range of tractors, jointly developed by VST Tillers Tractors Ltd and HT...

https://images.tractorgyan.com/uploads/113822/66920cf68353f-mahindra-vs-sonalika-the-new-battleground-in-global-tractor-markets.jpg

Mahindra vs Sonalika: The New Battleground in Global Tractor Markets

Mahindra Tractors is the world’s largest tractor manufacturer and the top tractor-selling bran...

https://images.tractorgyan.com/uploads/113807/668fbfe494c32-harvester-retail-sales-report-in-june-2024.jpg

जून 2024 में हार्वेस्टर रिटेल बिक्री: जानिए ब्रांड प्रदर्शन और मासिक वृद्धि के बारे में

ट्रैक्टर के अलावा, हार्वेस्टर भारत में बड़ी मात्रा में बिकने वाला कृषि उपकरण है। आज हम आपके लिए...

Select Language

tractorgyan offeringsTractorGyan Offerings