Every year International Women’s Day is celebrated on March 8. The first International Women’s Day was held in 1911. The theme for this year’s International Women’s Day was Make It Happen. Normally, when we talk about people succeeding in life, the examples that come to mind Continue Reading
In March 2012, the Reserve Bank of India (RBI) introduced new regulations rules to contain the rapid growth of the gold loan companies which was perceived as posing a risk to the stability of the financial system in India. The major change brought about was that gold loan NBFCs were required to observe a cap […]Continue Reading
That financial inclusion is a cause dear to our heart is stating the obvious. After all, there’s so much talk about it. Unfortunately, behind the talk, there’s an elephant in the room that nobody wants to see. Consider these simple facts. India holds the world’s largest stock of private gold, estimated anywhere between 15,000 to […]Continue Reading
The micro, small and medium enterprises (MSME) sector makes significant contributions to our economy. It consists of about 26 million enterprises which account for 45 percent of India’s manufacturing output and 40 percent of its exports. The MSME sector provides jobs to 69 million people in such activities as readymade garments, leather, gems and jewellery, […]Continue Reading
One of the surest ways to promote the objectives of financial inclusion and inclusive growth is to kick start micro enterprises and empower our micro-entrepreneurs who struggle against great odds. How can this be done? Let me talk from my experience with the gold loan customers of Manappuram Finance who increasingly happen to be small […]Continue Reading