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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

Ramesh Iyer, MD and CEO, Mahindra and Mahindra Financial Services
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Ramesh Iyer, MD and CEO, Mahindra and Mahindra Financial Services

Hamsini Karthik
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?

So