Mahindra & Mahindra Financial Services (Mahindra Finance) has detected a fraud of approximately ₹150 crore in its loan portfolio at one of its branches in the northeast. The fraud involved the forgery of KYC documents for retail vehicle loans, leading to the embezzlement of company funds. Investigations are underway, and corrective actions are being implemented, including the arrest of individuals involved. The board meeting to approve financial results for the fourth quarter and fiscal year 2023-24 has been rescheduled to May 30th. The company has also approved a hike in borrowing limit to ₹1.30 lakh crore, and the appointment of new auditors and an additional director.