- In January, State Bank of India (SBI) entered into a pan-India tie-up with Shriram Automall India Ltd, a subsidiary of Shriram Transport Finance Company, for assisting in post-seizure, warehousing and sale of seized tractors through organised public sale. The primary aim of the tie-up is to address issues related to non-performing tractor loan accounts.
- M&M Financial Services announced to set up operations in South Africa and South Korea, to support growth of Mahindra vehicles in those markets. Mahindra SA, the fully owned South African arm of M&M has also expanded into other sub-Saharan countries and exports vehicles to Zimbabwe, Zambia, Botswana, Swaziland and Namibia.
- Acquisitions by Magma Fincorp Ltd. (MFL):
Auto-lease business of Religare Finvest for about Rs. 250-crore in January
Home equity loans portfolio of GE Money Financial Services Pvt. Ltd. of about Rs 810 crore in February - TPG Capital sold its 10 per cent stake in Shriram Transport Finance Company Limited in order to raise $300 million, in February.
- Sanlam Financial Services, based in South Africa, invested around Rs 1,275 crore in Shriram Group's financial services arm Shriram Capital in June.
- In the same month, M&M Financial Services decided to cancel its application for a banking license, citing that prevailing RBI regulations might have an adverse economic and operational impact on the non-banking finance business.
- In August, a foreign investor Acacia II Partners LP bought more than 3,00,000 shares of Bajaj Finance for Rs 33 crore.
