RBI action against M&M Fin won't impact us: U Gro Capital's Sachindra Nath

'Our view is that the transmission of interest rates is not as high as the need for credit demand for working capital and term loans. So we don't see that as a challenge'

Chokhani Securities was renamed U Gro Capital after Sachindra Nath, former chief executive officer (CEO) of Religare Enterprises, acquired the company in December 2017. In an interaction, Nath, who is vice-chairman (V-C) and managing director (MD) of U Gro, tells Manojit Saha that the increase in interest rates is not going to impact loan demand for customers from micro, small and medium enterprises (MSMEs).

With the Reserve Bank of India (RBI) barring Mahindra Financial, do you see non-banking financial companies’ (NBFCs’) recovery getting impacted in general and U Gro in particular?

There is an unserved market and there is an