Mahindra Finance aims to nearly double non-vehicle loan book in FY25

Mahindra & Mahindra Financial Services plans to nearly double its non-vehicle loans portfolio in the next fiscal year as part of a de-risking strategy. The aim is to have 20% of the balance sheet comprise non-vehicle business, focusing on small and medium enterprises (SMEs). Currently at 5%-6%, the target will be achieved gradually, possibly reaching 10% in 2024-25.
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