We'd rather look at buying portfolios than a firm: M&M Financial MD & CEO

While the liquidity crunch continues to haunt NBFCs, Ramesh Iyer feels the current fiscal could turn out to be marginally better

It has been tough for non-banking finance companies (NBFCs) for a while now, and it is clear that only the well-run will survive the ongoing crisis in the sector. While the liquidity crunch continues to haunt them, Ramesh Iyer, managing director and chief executive officer of Mahindra & Mahindra Financial Services, feels the current fiscal could turn out to be marginally better. While funding challenges may ease a bit, money is unlikely to get cheap. He spoke to Hamsini Karthik. Edited excerpts:

How has your experience been of going to the market for capital in the last six months?

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