Owing to the increase in the economic development and growing Gross Domestic Product (GDP) of India, there is an increasing demand for financial assistance, especially in microfinance. This demand is not only from corporations and financially stronger groups but also from the lower sections of the society.
credit risk management in microfinance industry of india, market dynamicsIn the previous article, the author reviewed the need for credit risk management in microfinance institutions. Small scale microfinance institutions constitute a sizeable chunk of the entire microfinance industry in India.
credit risk management in microfinance industry of indiaThe Sachar Committee has been studying the socio-economic conditions of Muslims for a while. According to them a big section of the Muslim population does not have access to banking services (Fasih 2012).
banking and finance sector, industry analysisOver the past many years, several initiatives have been undertaken by the Indian government and Reserve Bank of India (RBI) to introduce Islamic banking in India. In 2010 and after 34 years, Indian Prime Minister visited Saudi Arabia, which is one of the major investor in Islamic banking (Kumar 2016). Similarly the recent visit of Indian Prime […]
banking and finance sector, industry overviewIncome is considered as one of the factors to determine success in life (Liu, Kuo, He, & Liu, 2006). Banks often rely on models which predict credit risk to decide whether to lend to a loan seeker (Junjie Liang, 2011). Any event, which is subjected to uncertainty, is predicted through actuarial models.
banking and finance sectorThe Insurance Regulatory Development Authority’s (IRDA) significant move towards adopting a customer-eccentric approach in the Indian life insurance industry has initiated hope for a better tomorrow.
banking and finance sectorWhen one talks about banking the immediate notion is that of an organization where deposits can be kept to earn interest income over the time. However, there are banks which do not work on any interest income and still are called banks. These are Islamic banks.
banking and finance sectorIslamic Finance remains a largely unknown concept even today in spite of being into existence since more than six decades now. The concept of Islamic finance has its roots from Islamic countries since the 1950’s and 1960’s. Kahf (2000) asserts that the roots of Islamic finance can be found in writings on Islamic economics dating back to […]
banking and finance sector