MFIs and Regulation

I have been raising the concerns about the high rates of interest being charged by the Microfinance Institutions in my blogs.  The scenario in AP is causing damage to the Financial Inclusion and Rural Credit (especially to poor, illiterate women in India).  While all the good work being carried out by the PSBs is under scrutiny and working of the NBFCs have been streamlined for over a decade, a new issue cropped up in recent years that of MFIs.

Today's Business Line reveals the high rates (as much as 65% pa) being charged by AP based MFIs and interestingly Economic Times article is in favour of high rates.  We need to wait and see what the Sub-Committee constituted by RBI is going to recommend even when AP Govt has gone ahead issuing an Ordinance last week.

An introduction to Bandhan | Microfinance in India

My current favourite topic and also hot in discussion on account of SKS Microfinance issues at board rooms, regulators, government after more than 20 borrowers committed suicides recently.

kabhi kabhi Amitabh full

The most memorable song........kabhi kabhi mere dil me, khayal aatha hai...........

Kabhi Kabhi climex1

The Second Serious Encounter in Kabhi Kabhi - Amitabh and Raakhi with Shashi Kapoor!

Kabhie Kabhie Poem

Kabhi Kabhi - the 1975 Triangle Love Movie with Amitabh, Shashi Kapoor and Raakhi at their best.

Shoma Kaikini-Dance Solo

My friend Ajit Kaikini of Bangalore sent me the clippings of his daughter Shoma's dances. I am proposing this program for our next Alumni Homecoming 2010 at TAPMI, Manipal on Nov 20

kabhi kabhi mere dil mein khyal ata hai

I am highly crazy of this song, film, stars and the story for past thirty five years!