Our collections have doubled each month during April-June: M&M Finance MD

In a Q&A, Ramesh Iyers asserts that the company isn't raising capital due to roadblocks

Apart from a pick-up in vehicle demand, excluding medium and heavy commercial vehicles, a buoyant rural market is also helping in collections in a big way, says Ramesh Iyer vice-chairman and managing director of Mahindra and Mahindra Financial Services (M&M Finance). Talking about the pricing of the firm's upcoming right issue, Iyer asserts in an interview with Shreepad S Aute, that the company isn't raising capital due to roadblocks. Edited excerpts:

Disbursements continue to decline in the June 2020 quarter (Q1). How is the situation evolving after March?

It is unreasonable to compare on a quarterly basis as the situation is uncertain.