From 1% in FY17, foreign funds now hold ARCs’ 60% securities receipts
ARCs securitises assets and sell the receipts to investors.from Stocks-Markets-Economic Times https://ift.tt/2n2D8Fk
Mahindra Finance Q3 Results: Net profit declines 12% YoY to Rs 553 crore
On a consolidated basis, the company's net income declined 6% to Rs 623 crore from Rs 664 crore and the total income rose 23% to Rs 4,137 crore. Last year, the write-back provision was higher, and given the improving asset quality, there wasn't much benefit this time. from Stocks-Markets-Economic Times https://ift.tt/0QtirjC
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