{"id":112979,"date":"2023-11-01T15:46:00","date_gmt":"2023-11-01T10:16:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=112979"},"modified":"2023-11-01T16:55:44","modified_gmt":"2023-11-01T11:25:44","slug":"midcap-stock-in-green-after-it-enters-into-partnership-with-state-bank-of-india","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/midcap-stock-in-green-after-it-enters-into-partnership-with-state-bank-of-india\/","title":{"rendered":"Midcap stock in green after it enters into partnership with State Bank of India\u00a0"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1116190140\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>The stock of auto financing moved 1 percent after it announced the partnership with India\u2019s largest public sector bank State Bank of India (SBI).&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-151087928\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>With a market capitalization of Rs. 30,301 crore, the shares of <b>Mahindra &amp; Mahindra <\/b><strong>Financial Services<\/strong> opened its Wednesday trading session at Rs. 246 level. The stock went to hit a high of Rs. 249.90 making a gain of around 1 percent during the trading session. The share is currently trading at Rs. 247 apiece.\u00a0<\/p><p>Such a positive momentum was observed after the company in an exchange filing announced a strategic co-lending partnership with State Bank of India (SBI), India\u2019s largest public sector bank.&nbsp;<\/p><p>The partnership is designed to strengthen the distribution of Non-Banking Financial Companies (NBFCs) ensuring wider outreach and better interest rates for customers.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-1163589249\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>Furthermore, the company mentioned that the objective of the partnership is to extend support to the customers for enabling credit to the unserved segments of the economy at an affordable cost.&nbsp;<\/p><p>The partnership with SBI emphasizes the long-term commitment of both entities towards empowering the MSME sectors. Under this agreement, Mahindra Finance will facilitate leads and manage loan servicing for a wide range of customers.&nbsp;<\/p><p>Digging into the financials of the company, the revenue increased by around 7 percent from Rs. 3,583 crore during Q1 FY24 to Rs. 3,833 crore Q2 FY 24. On a contrasting note, the net profit decreased from 359 crore to Rs. 281 crore keeping the timeframe the same.&nbsp;<\/p><p>Coming to the important ratios, the return on equity (RoE) magnified from 7.06 percent during FY21-22 to 11.71 percent in FY22-23. In addition to this, the return on capital employed (RoCE) increased from 7.46 percent to 8.82 percent during the same period.&nbsp;<\/p><p>According to the latest shareholding pattern, Promoters have 52.16 percent stake in the company, the Public or the Retail Investors have 7.91 percent of holdings, the company has a high DII holding of 25.83 percent where LIC holds 6.5 percent stake in it and the remaining 14.10 percent is with FIIs.&nbsp;<\/p><p>Mahindra &amp; Mahindra Financial Services Limited is a group member of Mahindra Group. The company is a leading vehicle and tractor financier, provides loans to SMEs, and also offers fixed deposits. The company has an AUM of over USD 11 Billion and is catering services to over 9.3 million customers.&nbsp;<\/p><div class=\"trade-content-10\" id=\"trade-1348671880\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p><strong>Written By Vaibhav Patil<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-2555703247\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>The stock of auto financing moved 1 percent after it announced the partnership with India\u2019s largest public sector bank State Bank of India (SBI).&nbsp; With a market capitalization of Rs. 30,301 crore, the shares of Mahindra &amp; Mahindra Financial Services opened its Wednesday trading session at Rs. 246 level. The stock went to hit a [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":13276,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,13525],"tags":[],"class_list":["post-112979","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-stock-updates"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Midcap stock in green after it enters into partnership with State Bank of India\u00a0 - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"The stock of auto financing moved 1 percent after it announced the partnership with India\u2019s largest public sector bank State Bank of India (SBI).\u00a0\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/midcap-stock-in-green-after-it-enters-into-partnership-with-state-bank-of-india\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Midcap stock in green after it enters into partnership with State Bank of India\u00a0\" \/>\n<meta property=\"og:description\" content=\"The stock of auto financing moved 1 percent after it announced the partnership with India\u2019s largest public sector bank State Bank of India (SBI).\u00a0\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tradebrains.in\/features\/midcap-stock-in-green-after-it-enters-into-partnership-with-state-bank-of-india\/\" \/>\n<meta property=\"og:site_name\" content=\"Trade Brains Features\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/TradeBrainsOfficial\/\" \/>\n<meta property=\"article:published_time\" content=\"2023-11-01T10:16:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-11-01T11:25:44+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/01\/sbi-state-bank-of-india.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"854\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Trade Brains\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:site\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Trade Brains\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/tradebrains.in\/features\/midcap-stock-in-green-after-it-enters-into-partnership-with-state-bank-of-india\/\",\"url\":\"https:\/\/tradebrains.in\/features\/midcap-stock-in-green-after-it-enters-into-partnership-with-state-bank-of-india\/\",\"name\":\"Midcap stock in green after it enters into partnership with State Bank of India\u00a0 - 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