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Adhikar 5 9,041,134 62,652


AML 4 315,439,786 1,340,288
Arohan 5 21,746,801 187,754
ASA India 4 19,814,940 156,001
Asirvad 5 12,556,611 126,483
Asomi 3 4,733,847 40,449
AWS 5 3,064,137 18,930
Bandhan 5 332,462,204 2,301,433
BASIX 5 172,484,946 1,114,468
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BFL 3 25,837,861 220,645


BISWA 4 58,971,572 305,679
BJS 5 551,901 6,040
BSS 4 32,193,592 228,514
BWDC 3 1,214,359 11,230
Cashpor MC 5 59,461,459 417,039
Chaitanya 1 237,010 1,679
CReSA 4 5,529,032 35,118
Disha 3 717,721 8,366
Equitas 5 134,597,374 888,600
ESAF 4 34,610,035 220,011
FFSL 1 54,332,892 257,991
GFSPL 5 73,420,428 352,648
GOF 5 6,025,239 67,310
Grama Vidiyal Microfinance Ltd. 5 134,568,751 772,050
Grameen Sahara 3 1,013,720 6,943

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CURREBT ISSUE
Microfinance India Summit 2010
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   &Inclusion, Innovation
and Impact&'(%%)* &Urban Microfinance&'(%%+* &Formal Financial Institutions - the challenges of
depth and breadth&'(%%,* &The Poor First&'(%%-* &Doing good and doing well- The need for
balance&'(%%.*
/      (%$%!! November 15-16, 2010 at Hotel Ashok, New
Delhi/ 0  !&Mission of Microfinance - Need to Reflect and
Reaffirm&1                 
         
  
   
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---------------------------------------------------------------------------------------------------------------

Subprime lending refers to loans extended to people with poor repaying ability that ultimately led to
defaults.

The Rs 25,000-crore microfinance industry is facing tumultuous times ever since the biggest, SKS
Microfinance, created a controversy two months ago by sacking chief executive Suresh Gurumani.
There was a confluence of woes for the sector when the Andhra Pradesh government came up with
legislation curbing their operations. Banks pulled back on lending as some of the institutions were
behaving more like moneylenders and in some cases drove borrowers to suicide.
undian banks such as SBu, u u u Bank and Axis Bank are estimated to have lent Rs 16,000 crore to micro
lenders. u u us lending is at Rs 2,000 crore, SBus at more than Rs 1,000 crore and Sidbis at Rs 4,000
crore, according to data from rating company are.
The financial magnitude may not be the same with the undian microfinance industry being tiny compared
with the subprime lending crisis that led to more than a trillion dollars of losses and sank many venerable
institutions.

But there are similarities such as opaque practices, high salaries and commissions inducing unethical
business, and leverage.

The current practices may create systemic problems too, unlike moneylenders who operate with their own
money.

"uf it is profit and if there is lending, aggressively, then its just moneylending," said Mr Reddy, who was
criticised before the credit crisis for his conservative approach to policymaking.

"Also, if you look at it, the resource is leveraged, its not just moneylending business. The moneylender
normally lends out his own money, whereas here the MFu is actually borrowing money from depositors
and lending the money. So essentially, he is a moneylender, but a leveraged moneylender."

India's Microfinance Collapse And Educated Second Rising


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_  , Mar 29, 2011, 01.57pm uST



y ' "    ]
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MUMBAu SKS Microfinance, undias largest and only publicly listed microfinance institution, said on
Tuesday it sold securitised loans worth 5.5 billion rupees in two tranches to banks.
The company also said it sold securitised loans worth 600 million rupees to a non-banking financial
company earlier this month.

"The transactions will further augment the liquidity position of SKS Microfinance, " said hief Financial
Officer S Dilli Raj said, adding such loan markets "had virtually ceased post the AP (Andhra Pradesh) MFu
Act."

 
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