Micro finance institutions operate in the Indian economy with the ultimate objective to serve the financially poor section of the society. This is done by providing them with financial support and credit services (Lyuirika, 2010). However, their objective of financial stability and their long term viability can’t be overlooked.
According to market experts, the bubble in the real estate sector has burst. The prices of the real estate have decreased rapidly. Similarly, the gap between the supply and demand has increased significantly in recent times (KPMG, 2014).
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.
Event study helps to determine the effect of an event on a dependent variable. In most cases event study is used to determine the impact of an event on the stock prices of a company. The main motive of the event study is to find whether the event has abnormal returns on the prices of the stock.
In 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.
The 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).
Micro finance institutions operate in the economy with the ultimate objective to serve the financially poor section of the society, by providing them with financial support and credit services (Luyirika, 2010).
Over 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 […]