An Idea Which Went Wrong: Commercial Micro-Finance in India

An Idea Which Went Wrong: Commercial Microfinance in India Authored by Ramesh S Arunachalam

8" x 10" (20.32 x 25.4 cm)
Black & White on White paper
370 pages

ISBN-10: 1494792486
LCCN: 2013923762
BISAC: Business & Economics / Finance / General

Forthcoming July 2014

Tuesday, September 20, 2011

Should for-profit companies be permitted to act as business correspondents for banks?

Ramesh S Arunachalam
DFIs and banks, including SIDBI, have miserably failed in their due diligence of NBFC MFIs, and expecting them to do this with regard to the business correspondent model is somewhat naïve. The RBI should undertake an examination of the grass-roots realities before implementing the new initiatives for financial inclusion
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