1. [Revised Note] Liberalisation of foreign borrowings by Indian MFIs , How best to leverage this regulatory concession
"In its Circular of 19 December 2011, the Reserve Bank of India has amended the rules on External Commercial Borrowings by Indian MFIs. In sum, India’s financial sector regulator has allowed all MFIs – all those registered as NGOs, cooperatives and non-bank finance companies (NBFCs) and complying with the microfinance norms announced by its circular of 2 December 2011 – to borrow from eligible foreign sources up to a limit of $10 million (or equivalent) in a financial year." - [Read more]
4. Initial Public Offerings (IPOs): The Field’s Salvation or Downfall? , [Author: Sanjay Sinha, Managing Director, Micro-Credit Ratings International Limited, India]
11. M-CRIL Submission to the Malegam Committee Substantive, constructive and creative measures are required to resolve the current impasse in the microfinance sector in India. In addition to suggestions made by other stakeholders in microfinance, M-CRIL has proposed some far-reaching changes in the regulatory framework for microfinance. These are incorporated in the note submitted to the Malegam Committee of the Reserve Bank of India.
1. Microcredit industry in India facing backlash , By Rama Lakshmi, The Washington Post - 10 February 2011
...India's microfinance industry has grown by 70 percent annually over the past five years. But the lack of confidence in the system has meant that "the cash flow from banks to the microfinance companies has virtually dried," said Sanjay Sinha, Managing Director, M-CRIL
2. That Sinking Feeling [“When borrowers expect more loans, they will repay. But when they know they won't receive more, they will stop repaying” – Sanjay Sinha, Managing Director, M-CRIL]
3. Microlenders face collapse as RBI steps in ["It could come to a systemic banking crisis - that is why I feel that central government won't let it go that far, it will have to take action" – Sanjay Sinha, Managing Director, M-CRIL]