StockWatch
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Non Banking Financial Company (NBFC)
Partnership16 Jun 2026, 09:41 am

Manba Finance Partners Sreesastha for South India Expansion

AI Summary

Manba Finance Limited has announced its strategic entry into the South Indian market through a partnership with Sreesastha (Nammaloan). The expansion will initially focus on Karnataka and Tamil Nadu within the current financial year, with a phased rollout planned across other South Indian states. This venture is backed by a leadership team with over 100 years of combined experience in automobile lending. The partnership will offer Manba's core vehicle financing products, including new and used two-wheeler loans, three-wheeler loans, and used car loans. The company emphasizes a customer-centric approach with a digital, paperless lending platform designed for quick approvals.

Key Highlights

  • Manba Finance enters South India via strategic partnership with Sreesastha.
  • Expansion begins in Karnataka and Tamil Nadu, followed by other states.
  • Leadership team brings over 100 years of combined auto-lending experience.
  • Focus on new/used two-wheeler, three-wheeler, and used car loans.
  • Digital platform aims for one-minute in-principle approvals.