Not If, But When

The RBI had better not shirk its responsibility and get down to regulating MFIs

Even Suresh Gurumani would not have suspected that SKS Microfinance’s arrogance in sacking him within two months of a hugely successful IPO (initial public offering) would rip the halo from the company and the micro-finance institutions (MFIs) and trigger an unstoppable chain of events. In just 20 days of October,...

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