Banks could consolidate with NBFCs as valuations looking sensible: Girotra

'I feel more positive about the NBFC sector than I did in the last three years', said Manisha Girotra

For the next five years, India looks like a positive destination unless we do something which is unexpected, believes Manisha Girotra, CEO, Moelis India. In an interview with Manojit Saha, she says that large companies could acquire start-ups that cannot sustain themselves on a standalone basis. Edited excerpts
 

How much of a challenge do the global headwinds pose to Indian M&A activities at a time when developed markets are raising rates and there are recession fears?
 

The global economy and the markets are facing unprecedented chaos and disruptions. A lot of it is caused by the last two-three years when