Ramesh S Arunachalam
There is a feeling among bankers that the acquisition of MFIs could strengthen the functioning of these institutions and enable the much-needed funds infusion. But any such takeover would first require an assessment of the portfolio of these MFIsClick Here To READ More
MFI have a social objective of helping the poor out of poverty and this social impact assesment is a parameter often used in rating of these institutions .Any such marriage will thus canibalise this objective in favour of profit and will see the demise of these institutions.My own take is that MFI need to be more innovative in comming up with tailor made products rather than simply replicating success stories in different countries.
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