Microfinance Crisis: A Case of Southern India

In southern India, the microfinance crisis was a call for steps to be taken in directions of regulation, monitoring and adopting ways to enhance efficiency of the industry which, if not regulated could have resulted in national disaster. US subprime crisis was also a result of undoubtable confidence...

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Bibliographic Details
Published in:International journal of marketing and technology 2013-11, Vol.3 (11), p.190-194
Main Authors: Jain, Kapil, David, Shine
Format: Article
Language:English
Subjects:
Financial crisis
India
Microfinance Banks
Online Access:Get full text
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Summary:In southern India, the microfinance crisis was a call for steps to be taken in directions of regulation, monitoring and adopting ways to enhance efficiency of the industry which, if not regulated could have resulted in national disaster. US subprime crisis was also a result of undoubtable confidence of investors in the big banks. The present study provides some suggestions to increase the efficiency of MFIs in India including regulatory changes in repayment, awareness and loaning system, as well as recommend investment in the area of research and development, so that new products and services may also develop.
ISSN:2249-1058