Reserve Bank of India – Press Releases


The Reserve Bank of India has right this moment, in train of its powers below part 45L(1)(b) of the Reserve Bank of India Act, 1934, directed Mahindra & Mahindra Financial Services Ltd. (MMFSL), Mumbai, to instantly stop finishing up any restoration or repossession exercise by means of outsourcing preparations, until additional orders. However, the stated NBFC might proceed to hold out restoration or repossession actions, by means of its personal workers.

This motion is predicated on sure materials supervisory considerations noticed within the stated NBFC, with regard to the administration of its outsourcing actions.

(Yogesh Dayal)     
Chief General Manager

Press Release: 2022-2023/916

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