Collections have doubled in each month during June quarter: M&M Finance MD

In an interview with Shreepad S Aute, Ramesh Iyer talks about the upcoming rights issue

Besides uptick in demand, rural areas have been contributing in collections in a big way, says Ramesh Iyer vice-chairman and managing director of Mahindra and Mahindra Financial Services (M&M Finance). In an interview with Shreepad S Aute, iyer talks about the upcoming rights issue. He says: We are not raising capital because we are facing roadblocks. Edited excerpts:

Disbursements continue to decline in June quarter (Q1). So, how is the situation evolving after March?

It is unreasonable to compare on a quarterly basis as the situation is uncertain. But, demand is definitely picking up for tractors for sure and also