Good monsoon and improving rural economy augurs well for companies like M&M Finance, a rural non-banking financial company based out of Mumbai.

Ramesh Iyer, managing director of M&M Financial Services spoke to CNBC-TV18 about his outlook for the company.

“We see rural sentiments are very positive and clearly on the back of expected monsoon to be good, we would believe the sentiments will continue to be positive moving into the festival season, the second half therefore is always the best half for rural India and we expect that would happen,” he said.

“With our large network, deeper penetration, relationship with every OEM (original equipment manufacturer), we should see no reason why the growth cannot be maintained at this level,” Iyer added.