We have not faced the ALM issues: Senthil Kumar, Manappuram Finance

Higher borrowing costs detrimental to retail lending: Senthil Kumar, Manappuram Finance

Senthil Kumar, Executive Vice President at Manappuram Finance tells Advait Rao Palepu that despite borrowing costs rising, the company has not faced the asset-liability management (ALM) issues that other non-bank financiers faced in recent months. However, he says if financiers face higher borrowing costs in the coming months it would be detrimental for retail lending and consumption.

Has the present liquidity and ALM situation affected Mannapuram Finance?

Well, I understand that our cost of funds has gone up a bit over the last one year. However, we do not face any pressure on the ALM side. A large part of our consolidated