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MONEYLENDERS IN INDIA
From forests to fields: How India's earliest rebels fought colonial exploitation before 1857Across the annals of Indian history, we find vivid accounts of agrarian resistance standing firm against exploitation. From indigenous fore...
Bajaj Finserv to up mkt share despite competition, aims to serve every Indian household in 10 yrs: CMDBajaj Finserv aims to expand its market share and reach every Indian household within the next decade, leveraging India's economic growth a...
Farm sector suicides at 10,546 in 2024, second straight yearly decline: NCRB reportFarmer suicides saw a slight decrease in 2024. Over 10,500 individuals in the farming sector died by suicide. Maharashtra recorded the most...
Farmer sold a kidney to repay Rs 1 lakh debt that ballooned to Rs 74 lakh, but still ended up a bonded labourerA Maharashtra farmer, driven to sell his kidney due to exorbitant debt, was subsequently trapped in bonded labour in Laos. Rescued through ...
SC ruling on non-banks removes key regulatory overhang: Crisil“The ruling has effectively reaffirmed regulatory sanctity for NBFCs registered with the RBI as a separate category of lenders, distinct fr...
View: How the concept of 'financial inclusion' must be revisited with an emphasis on the poorA key decision variable when you decide whether or not to accept the EMI plan is the effective interest rate charged. Car loans at 10-15% a...
No tears for farmers as they are not a vote bankLet us light at least one candle to highlight how political apathy for continues to force thousands of farmers to commit suicide every year.
Farmers facing crop losses may end up in private moneylenders' grip“Banks are not eager to take up fresh loan proposals from farmers. This is an unpleasant situation,” said P Chengal Reddy
India needs innovative banking to displace moneylendersThe RBI is right not to compromise on integrity, but to keep the process open-ended is not a good idea.
In villages, credit is still all about moneylendersRBI’s argument that new banking licences are needed to achieve financial inclusion, mainly in rural areas, has new research supporting it.
Implement changes in financial services sectorExciting proposals to overhaul the financial services sector are on the table - implement them.
- Lip Service
The credit policy restricts banks' access to borrowers among the rural poor.
- Getting it right on microfinance
There is a strong case to support Dr Y V Reddy's thesis that for-profit MFIs should be regulated on par with moneylenders.
- Microfinance in India is like subprime lending: Y V Reddy
Former RBI governor Y V Reddy said what many finance experts believed, but did not have the courage to admit publicly that microfinance is ...
Microfinance, macro problems?The microfinance market is booming, but it’s fuelling a lot of worries in the states and New Delhi.
- Micro finance bodies no better than moneylenders
MFIs vision of 'eradicating poverty' is far from the truth, say finance experts, who feel they are no better than moneylenders.
- Relief likely for farmers left out of debt waiver plan
The Manmohan Singh government plans to bring poor farmers within the institutional credit fold to reduce dependence
- Now, moneylenders fund cash-crunched builders
Moneylenders - primarily belonging to the Sindhi, Marwari and Kutchi communities - have stepped in to play their part. Concept buildings | ...
- No banks, so Jharkhand villagers turn to moneylenders
There are no banks in the Lawalong, Giddor and Pundda blocks. The villagers - most of them daily wagers - resort to the 150 odd moneylender...
- Baniya, Babu & Borrowing: Household debt is concerning
India Human Development Survey suggests that rural households are far more likely to borrow from moneylenders than urban households— 38% ve...