tag:blogger.com,1999:blog-7515821842786043832024-03-06T14:00:32.561+05:30Ramblings of a flustered Development bankerWorks at NABARD for poor HH / was Research Affiliate at CDS, Tvm / was Visiting Faculty on microFinance for MBA students NMIMS, Mumbai.Suranhttp://www.blogger.com/profile/17734352859237513611noreply@blogger.comBlogger82125tag:blogger.com,1999:blog-751582184278604383.post-40179045199010413032016-12-30T20:47:00.001+05:302016-12-30T20:47:38.371+05:30SHGs as agents of Change ?<div dir="ltr" style="text-align: left;" trbidi="on">
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AGENTS OF<o:p></o:p></span></div>
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<span style="font-size: 11.0pt; mso-bidi-font-size: 10.0pt;">1<o:p></o:p></span></div>
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<span style="font-family: "Times New Roman","serif"; mso-bidi-font-family: Arial; mso-fareast-font-family: "Times New Roman";"> </span><span style="font-family: "Times New Roman", serif; font-size: 26pt;"><b>EXECUTIVE SUMMARY</b></span></div>
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<span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 149%; mso-bidi-font-family: Arial; mso-bidi-font-size: 10.0pt; mso-fareast-font-family: "Times New Roman";"><b>This study examined the question whether SHGs have acted as agents of
change. Specifically, the study investigated whether the Self Help Group (SHG)
movement has created social capital and networks; increased the awareness of
SHG members on rights related to issues like inheritance and education;
increased the bargaining power of SHG members; helped changing outlook towards
social evils; encouraged members to participate and lead social programs;
increased political awareness and participation in the political process.<o:p></o:p></b></span></div>
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<span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 148%; mso-bidi-font-family: Arial; mso-bidi-font-size: 10.0pt; mso-fareast-font-family: "Times New Roman";"><b>To answer these questions the study focused on four districts in Tamil
Nadu; Kanchipuram, Tiruvallur, Krishnagiri and Dharmapuri. A total of 600 SHG
members from these districts were surveyed. Ten Focus Group Discussions (FGDs)
were also conducted with SHG members. In-depth interviews with select SHG
members also provided additional data to construct individual cases.<o:p></o:p></b></span></div>
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<span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-bidi-font-family: Arial; mso-bidi-font-size: 10.0pt; mso-fareast-font-family: "Times New Roman";"><b>Findings from the study indicate
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<span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 148%; mso-bidi-font-family: Arial; mso-bidi-font-size: 10.0pt; mso-fareast-font-family: "Times New Roman";"><b>First, SHG movement in Tamil Nadu has resulted in enhancement of social
capital. An important measure of this enhancement is the increased level of
trust among SHG members. More than 96% of SHG members indicate that the joint
savings mechanism has not only increased trust but have also resulted in a
sense of strong ownership.<o:p></o:p></b></span></div>
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<span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 149%; mso-bidi-font-family: Arial; mso-bidi-font-size: 10.0pt; mso-fareast-font-family: "Times New Roman";"><b>Second, most SHG members indicate that SHG membership have expanded
their networks. The networks now encompass a wide range of stakeholders --
other members of SHGs, bank officials, Government officials. The combination of
interaction with other SHG members and other stakeholders has meant that the
general level of confidence has gone up among SHG members. More than 98% of the
respondents indicate that their confidence has gone up considerably after
attending SHG related meetings.<o:p></o:p></b></span></div>
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<span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 147%; mso-bidi-font-family: Arial; mso-bidi-font-size: 10.0pt; mso-fareast-font-family: "Times New Roman";"><b>Third, the creation and mobilization of social capital through the SHG
movement has resulted in economic mobility for most of the participants. In
general, 62% of the participants in this study indicate that SHG movement has
resulted in an upward<o:p></o:p></b></span></div>
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<!--[endif]--><b><a href="https://www.blogger.com/null" name="page7"></a><span style="font-family: "Times New Roman","serif"; mso-bidi-font-family: Arial; mso-fareast-font-family: "Times New Roman";"><o:p></o:p></span></b></div>
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<span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 147%; mso-bidi-font-family: Arial; mso-bidi-font-size: 10.0pt; mso-fareast-font-family: "Times New Roman";"><b>economic mobility for them. More importantly, higher proportion of the
very poor, poor and lower middle class report economic improvement in
comparison to middle class and well-off.<o:p></o:p></b></span></div>
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<span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 149%; mso-bidi-font-family: Arial; mso-bidi-font-size: 10.0pt; mso-fareast-font-family: "Times New Roman";"><b>Fourth, while social capital has increased in Tamil Nadu its potential
has not been fully utilized as not many groups pool together their savings to
start a group-led and managed enterprise. More than 98% of the respondents
indicate that they do not pool their savings to start a joint enterprise.
Interviews indicate that lack of awareness about such joint initiatives and problems
associated with marketing as some key reasons for this lack of initiative.<o:p></o:p></b></span></div>
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<span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 148%; mso-bidi-font-family: Arial; mso-bidi-font-size: 10.0pt; mso-fareast-font-family: "Times New Roman";"><b>Fifth, Awareness of rights related to inheritance and property has gone
up. In general SHG members also show high awareness about key government
schemes. More than 99% of women SHG members are aware of property rights
related to women. Similarly, more than 98% of the women are aware of government
pension and insurance schemes.<o:p></o:p></b></span></div>
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<span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 148%; mso-bidi-font-family: Arial; mso-bidi-font-size: 10.0pt; mso-fareast-font-family: "Times New Roman";"><b>Sixth, most SHG members do understand the negative effects of social
evils and voice their opinion against it. More than 80% of women indicated that
they voice their views against alcoholism, domestic violence and child marriage
within their households. However, action against social issues or evils in the
neighbourhood is also constrained by the perceived inappropriateness of
interfering in personal lives of others.<o:p></o:p></b></span></div>
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<span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 149%; mso-bidi-font-family: Arial; mso-bidi-font-size: 10.0pt; mso-fareast-font-family: "Times New Roman";"><b>Seventh, this study assessed bargaining power of women at two levels;
household and community. Bargaining power of respondents have enhanced
significantly in households after they became members of SHG. A key finding is
that 95.47% of SHG members indicate that the household respects them more after
they joined SHGs. Extending it to the sphere of the community 86.43% of women
say that the community respects them more today. Overall, all decisions related
to households are taken in joint consultation with the SHG members. At the
level of the community any active participation or leadership of social
programs is often limited because of a perceived lack of support from family
members. Yet, many women indicate that they do offer emotional support to other
individual SHG members who are keen to exercise their bargaining power.<o:p></o:p></b></span></div>
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<b><span style="font-family: "Times New Roman","serif"; mso-bidi-font-family: Arial; mso-fareast-font-family: "Times New Roman";"> </span><span style="font-family: "Times New Roman", serif; font-size: 12pt; text-align: justify;">Eighth, the findings of this study indicates that though most SHG
members exercised their democratic rights (more than 94%) by voting in
elections the awareness levels about their elected representatives were low.
Participation of SHG members in village and district-level meetings is also
limited and very few SHG members show an inclination or have contested in elections
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<span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 145%; mso-bidi-font-family: Arial; mso-bidi-font-size: 10.0pt; mso-fareast-font-family: "Times New Roman";"><b>Based on these findings this report recommends the following to enhance
SHGs potential to act as agents of change.<o:p></o:p></b></span></div>
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<span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 149%; mso-bidi-font-family: Arial; mso-bidi-font-size: 10.0pt; mso-fareast-font-family: "Times New Roman";"><b>Identification of appropriate businesses for groups and training them in
areas related to management of businesses might have to be initiated by either
the NGOs or other relevant financial institutions. The SHGs can be encouraged
to invest part of their joint savings for a pilot enterprise and an equivalent
amount can be granted as a loan by banks. To facilitate transfer of ideas
periodic multi-group holdings can be convened. Similarly, to enhance and
support women‘s livelihood decision choices in addition to training programs,
which are now offered by NGOs for individual members, collaborative efforts
could be encouraged by creating a cluster-based approach towards businesses to
overcome supply chain constraints in sourcing of resources and in marketing
multiple end products.<o:p></o:p></b></span></div>
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<span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 147%; mso-bidi-font-family: Arial; mso-bidi-font-size: 10.0pt; mso-fareast-font-family: "Times New Roman";"><b>In addition, given the context of consultative decision-making process
in the household key members of the household could also be given some exposure
to business related training programs.<o:p></o:p></b></span></div>
<div class="MsoNormal" style="line-height: 10.95pt; mso-line-height-rule: exactly;">
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<span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 149%; mso-bidi-font-family: Arial; mso-bidi-font-size: 10.0pt; mso-fareast-font-family: "Times New Roman";"><b>SHGs offer excellent avenues to promote awareness about social evils,
multiple stakeholders including government agencies and NGOs have to work
together in a concerted manner. However, SHGs have a long way to go before they
routinely act against social evils. To encourage more women to act against such
acts in their neighbourhoods, along with awareness campaigns, information
regarding appropriate officials and helplines to be contacted to complain can
be provided. This information will encourage more women to act against social
evils in their neighbourhoods in a sensitive but effective manner.<o:p></o:p></b></span></div>
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<span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 148%; mso-bidi-font-family: Arial; mso-bidi-font-size: 10.0pt; mso-fareast-font-family: "Times New Roman";"><b>Finally, support of family members is key to participation in social
action and in political processes. Events celebrating women leaders who have
already made their mark can be conducted regularly inviting families to attend
such events so that there is encouragement and support from families for women
engaging in local political processes and to act against social evils in their
communities.<o:p></o:p></b></span></div>
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<b><span style="font-family: "Times New Roman","serif"; mso-bidi-font-family: Arial; mso-fareast-font-family: "Times New Roman";">( This is a summary of the study done by IFMR , Chennai ) Published by NABARD </span><span style="font-family: "Times New Roman", serif;"> </span></b></div>
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<div class="blogger-post-footer">SHG-Banking : making banking possible for the last, last and the least</div>Suranhttp://www.blogger.com/profile/17734352859237513611noreply@blogger.com0tag:blogger.com,1999:blog-751582184278604383.post-35926657088609620272015-11-25T14:36:00.002+05:302015-11-25T14:36:18.965+05:30<div dir="ltr" style="text-align: left;" trbidi="on">
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<b><span lang="EN-IN" style="font-size: 15.0pt; line-height: 200%; mso-bidi-font-size: 12.0pt;">NABFINS</span></b></div>
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<b><span lang="EN-IN" style="font-size: 15.0pt; line-height: 200%; mso-bidi-font-size: 12.0pt;">Message from the MD’s Desk<o:p></o:p></span></b></div>
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<span lang="EN-IN" style="font-size: 12.0pt; line-height: 200%;">The year 2014 – 15 was an
eventful year for Financial Services Sector in general and financial inclusion
in particular. The financial sector landscape
is undergoing drastic changes. The
launch of Prime Minister’s Jan Dhan Yojana with a slogan “sab ka saath sab ka
vikas’’ has reached a significant touchstone with majority of the households in
the Country being covered by at least one savings bank account. Government has
now followed up this with the next step of assigning a variety of financial
services such as accident and life insurance to these accounts and sending direct
benefits such as scholarships, pensions and subsidies to these accounts. Converging
these savings accounts with the unique ID- Aadhaar and the ubiquitous mobiles is
expected to be a game changer ushering in a revolution in the financial
inclusion landscape. The Reserve Bank of
India’s (RBI) initiative to further the inclusion agenda by experimenting with
new institutional forms like Small Finance Banks, Payment Banks is also expected
to take a shape in the near future. Another apex organisation “MUDRA Limited” was
also set up and it is expected to innovate new ways of channelling credit flows
to small producers. <o:p></o:p></span></div>
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<span lang="EN-IN" style="font-size: 12.0pt; line-height: 200%;">RBI has also attempted to </span><span style="font-size: 12.0pt; line-height: 200%; mso-ansi-language: EN-US; mso-bidi-font-family: Arial;">streamline regulations covering NPA norms, capital requirements,
provisioning requirements for all NBFCs which are systemically important and
that which raises public deposits.</span><span style="font-size: 12.0pt; line-height: 200%;"> <span lang="EN-IN">With all these introductions and policy
support, the focus on diverse financial inclusion is more intense and it is
expected to usher in greater competition for the micro finance sector.<span class="msoIns"><ins cite="mailto:ADMIN" datetime="2015-08-30T14:15"> </ins></span><o:p></o:p></span></span></div>
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<br /></div>
<div class="MsoNormal" style="line-height: 200%; text-align: justify;">
<span lang="EN-IN" style="font-size: 12.0pt; line-height: 200%;">For NBFC-mFIs, the year
2014-15 witnessed a rather robust growth with the Gross Loan Portfolio (GLP) reporting
61% increase to </span><span lang="EN-IN" style="font-family: "Rupee Foradian","sans-serif"; font-size: 12.0pt; line-height: 200%;">`</span><span lang="EN-IN" style="font-size: 12.0pt; line-height: 200%;">401 billion<a href="file:///C:/Users/suran/Desktop/letters%20and%20notes/Message%20from%20MD's%20Desk%20-%2007.09.2015.docx#_ftn1" name="_ftnref1" title=""><span class="MsoFootnoteReference"><!--[if !supportFootnotes]--><span class="MsoFootnoteReference"><span lang="EN-IN" style="font-family: "Calibri","sans-serif"; font-size: 12.0pt; line-height: 107%; mso-ansi-language: EN-IN; mso-ascii-theme-font: minor-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-language: AR-SA; mso-bidi-theme-font: minor-bidi; mso-fareast-font-family: Calibri; mso-fareast-language: EN-US; mso-fareast-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;">[1]</span></span><!--[endif]--></span></a>
when compared to the previous year. However, the increase in client coverage
was more moderate (23 %) over the previous year. This is suggestive of
increased quantum of loans and higher repeat loans to existing clients rather
than fresh coverage of new clients by the sector. Although, 32 states and 489 districts are stated
to be covered by mFIs, the coverage appears to be asymmetrical with about 60%
of the GLP reported in from 5 states viz; West Bengal, Tamil Nadu, Karnataka,
Maharashtra and Uttar Pradesh.<o:p></o:p></span></div>
<div class="MsoNormal" style="background: white; line-height: 200%; margin-bottom: 6.0pt; mso-margin-top-alt: auto; text-align: justify;">
<span lang="EN-IN" style="font-size: 12.0pt; line-height: 200%;">As compared to the industry, our Company
- NABFINs disbursed </span><span lang="EN-IN" style="font-family: "Rupee Foradian","sans-serif"; font-size: 12.0pt; line-height: 200%;">`</span><span lang="EN-IN" style="font-size: 12.0pt; line-height: 200%;">764 crore to 20,010 SHGs touching
about 3 Lakh households <span class="msoDel"><del cite="mailto:ADMIN" datetime="2015-08-30T14:20"> </del></span>during
the year under review which is 24% increase over </span><span lang="EN-IN" style="font-family: "Rupee Foradian","sans-serif"; font-size: 12.0pt; line-height: 200%;">`</span><span lang="EN-IN" style="font-size: 12.0pt; line-height: 200%;">631 crore disbursed during
2013-14 to 17,027 groups (2.5 lakh households).
The unique business model of our company which essentially leverages the
institutional outreach and trust capital of our B&DC based on their
pre-existing relationship for financial facilitation limits much accelerated
growth. However, our Company recorded a moderated and consistent credit growth
with matched expansion in client outreach as well. </span><span lang="EN-IN" style="font-size: 12pt; line-height: 200%;">Operations
of the Company are guided by the overarching principle of supporting the National
agenda of financial inclusion across all difficult geographies. Though the GOI
has been pursuing the accounts for all , a true financial inclusion can happen
only with supportive financial literacy. We believe that this can be achieved
using the local resource persons (active members of Women SHGs) to serve as
enablers of true financial inclusion process. The Company has enabled </span><span lang="EN-IN" style="font-size: 12.0pt; line-height: 200%;">coverage of new
geographies during the year viz; additional districts in the Vidharbha region
of Maharastra as also in Madhya Pradesh. I am happy to report that our Company has
plans to expand to few more States in the ensuing year. <o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: 200%; text-align: justify;">
<span lang="EN-IN" style="font-size: 12.0pt; line-height: 200%;">The other key vertical of our
company has been financing Second Level
Institutions in the form of producer collectives, Producer Companies, Societies,
SHG Federations and other legal forms of
collectives which has reported a business growth of 96% with disbursement of </span><span lang="EN-IN" style="font-family: "Rupee Foradian","sans-serif"; font-size: 12.0pt; line-height: 200%;">`</span><span lang="EN-IN" style="font-size: 12.0pt; line-height: 200%;">22 crore during
2014-15. With this, our Company has
disbursed </span><span lang="EN-IN" style="font-family: "Rupee Foradian","sans-serif"; font-size: 12.0pt; line-height: 200%;">`</span><span lang="EN-IN" style="font-size: 12.0pt; line-height: 200%;">40 crore to 101 institutions. With extension of credit guarantee by RABO
Bank and SFAC, all efforts will be made to hasten the growth momentum under
this vertical.<o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: 200%; text-align: justify;">
<span lang="EN-IN" style="font-size: 12.0pt; line-height: 200%;">It is important to bring
to your notice that the rate of interest charged by our Company is by far the
least in the mFI sector. Keeping a wafer
thin interest margin, our Company is able to generate adequate profit to
sustain its operations. This is despite
the fact that the margin is much below the regulatory cap of 10% and provides
ample proof to the fact even at this rates, the microFinance business is viable
and profitable. While there can be
various reasons for higher rates of interest including the model related
differences, the fact remains that it is possible to reach the poor at
affordable rates through appropriate models of credit delivery. This is an
affirmation to our belief system about the business model which we
predominantly employ. However, with repeated cycles of credit to these groups,
the group members aspire for differential treatment and seek more diverse forms
of financial services, which your institution should be able to service. This
would also enable the institution to de-risk, diversify its portfolio, use
differentiated delivery approaches to fulfil the emerging needs of the client
segment that we serve. <o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: 200%; text-align: justify;">
<span lang="EN-IN" style="font-size: 12.0pt; line-height: 200%;">The world CFSI 2014<a href="file:///C:/Users/suran/Desktop/letters%20and%20notes/Message%20from%20MD's%20Desk%20-%2007.09.2015.docx#_ftn2" name="_ftnref2" title=""><span class="MsoFootnoteReference"><!--[if !supportFootnotes]--><span class="MsoFootnoteReference"><span lang="EN-IN" style="font-family: "Calibri","sans-serif"; font-size: 12.0pt; line-height: 107%; mso-ansi-language: EN-IN; mso-ascii-theme-font: minor-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-language: AR-SA; mso-bidi-theme-font: minor-bidi; mso-fareast-font-family: Calibri; mso-fareast-language: EN-US; mso-fareast-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;">[2]</span></span><!--[endif]--></span></a>
report states that microFinance is close to an inflection point ; what was an
experiment in bottom-up development has become mainstream world over; and with
that transition have come mainstream problems and notably among them the client
over-indebtedness. This is true for mFIs in the Country too; with the
preponderance of group based lending methodology like JLGs and SHGs in the
microFinance space. The concern of multiple membership, multiple borrowings and
consequent over indebtedness of the members which poses a significant risk to
the business model; while to an extent the credit bureaus do track such
over-borrowings; but, the inability to capture informal market borrowings, formal
credit markets dominated by cooperative credit institutions and also group
based lending models like SHGs have accentuated the challenge. However, it is
expected that with pervasive technology, institutional mechanisms like e-KYC, digitisation
of SHG accounts etc., the risks associated with the above factors would be
mitigated to a greater extent.<o:p></o:p></span></div>
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<span lang="EN-IN" style="font-size: 12pt; line-height: 200%;">Our Company
is exposed to various risks that are an inherent part of any microFinance
business. During the year, the </span><span lang="EN-IN" style="font-size: 12.0pt; line-height: 200%;">Company witnessed a spurt in Non-Performing Assets partly
triggered by aggregation of agency risk, operational risk as well as various client
level issues. </span><span lang="EN-IN" style="font-size: 12pt; line-height: 200%;">The
operational risks faced encompasses Information Technology related (system)
risk. With the growth and expansion of the portfolio, the existing IT system needs
rapid upgradation. Therefore, the Company plans to change to an agile and
robust IT infrastructure to support loan payments and collections, loan monitoring
and also integrated accounting back-end on the lines of a core banking system. The
other risk containment effort includes </span><span lang="EN-IN" style="font-size: 12.0pt; line-height: 200%;">placing adequate internal &
process changes, enhanced supervisory controls to prevent recurrence in future.
</span><span lang="EN-IN" style="font-size: 12pt; line-height: 200%;">The measures taken <i>inter
alia</i> include prevention of NPAs by timely identification and diagnosis of
problems of irregular and PAR accounts, tracking and reviewing B&DC accounts
etc.</span><span lang="EN-IN" style="font-size: 12.0pt; line-height: 200%;"> </span><span lang="EN-IN" style="font-size: 12pt; line-height: 200%;">Thus, the Company has adopted a twofold strategy for controlling
fresh accretion and resolution of existing NPAs.</span><span lang="EN-IN" style="font-size: 12.0pt; line-height: 200%;">
The learnings from this are being factored into our present and future
business approaches.</span><span lang="EN-IN" style="font-size: 12pt; line-height: 200%;"> The risk management has been
moved into a pro-active mode to transform role of Risk into a Strategic
function aligned with Business Objectives.
A new Audit Policy is being planned to control & manage risk through
internal audit functions which will gradually shift to a Risk focused Internal
Audit (RFIA) mechanism. <o:p></o:p></span></div>
<div class="MsoNormal" style="background: white; line-height: 200%; margin-bottom: 6.0pt; mso-margin-top-alt: auto; text-align: justify;">
<span lang="EN-IN" style="font-size: 12pt; line-height: 200%;">Another
aspect which has received utmost attention of the management is development of Human
Resources. Our Company ensures staff satisfaction through continuous
engagements with senior management, improving staff productivity and retention.
Among the mFI sector, our Company faces one of the lowest attrition rates. In
order to further strengthen the human resource pipeline and to meet the skill
gap requirements of the Company in new and specialized areas, it plans to
selectively recruit staff from key Business schools; as also attempt knowledge /
skill mapping exercises for designing training interventions. The Company has
also made an assessment of the staffing requirements, HR Development and
Capacity enhancement requirement and would systematically address these aspects
so as to improve awareness and efficiency at all levels. <o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: 200%; text-align: justify;">
<span lang="EN-IN" style="font-size: 12.0pt; line-height: 200%;">With hardly half a decade
of existence, our Company is in the cusp of transformation from a provider of
credit for an array of livelihood activities to a provider of a basket of
financial services to the underserved segment. This institutional
transformational trajectory would entail experimenting with different client
centric delivery approaches, diverse financial products and services. With this goal, our Company plans to increase
its outreach, diversify its risk and put adequate systems in place with
appropriate technology not only to sustain its current business operations but
also to cater to its future needs. With
the able support of the promoters – NABARD and other shareholders like Canara
Bank, Union Bank of India, Dhanalaxmi Bank, Bank of Baroda, our Company would
be able to meet the aspirational challenges to transform itself into a small
finance bank.<o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: 200%; text-align: justify;">
<span lang="EN-IN" style="font-size: 12.0pt; line-height: 200%;">As a responsible corporate
citizen, our Company has committed to fulfil its obligations as a part of
Corporate Social Responsibility. Under
the guidance of the CSR Committee, our Company had committed to health and
sanitation facilities at schools in rural areas. I am very happy to share with you that as on
date, the committed task have been completed and all these facilities have been
made available for use. For the year
2015-16, our Company intends to continue its activities for which a budgetary
allocation of </span><span lang="EN-IN" style="font-family: "Rupee Foradian","sans-serif"; font-size: 12.0pt; line-height: 200%;">`</span><span lang="EN-IN" style="font-size: 12.0pt; line-height: 200%;">45 lakh has been made. <o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: 200%; text-align: justify;">
<span lang="EN-IN" style="font-size: 12.0pt; line-height: 200%;">I would be remiss, if I
fail to thank, Government of India, all the State Governments where NABFINS is
operating, RBI, NABARD and other shareholders, Board of Directors, Statutory
Auditors, Internal Auditors and Secretarial Auditor for their guidance and support. Finally, I would be failing in my duty if I
fail to thank our primary stakeholders, especially the poor households who are
our reason for birth and survival for their continued trust and belief in our approaches
and business model.<o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: 200%; text-align: justify;">
<span lang="EN-IN" style="font-size: 12.0pt; line-height: 200%;">I also pledge to them that
we would continue to work keeping their interest as our own interest and work
for their development.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-bottom: 0.0001pt; text-align: justify;">
<br /></div>
<div class="MsoNormal" style="margin-bottom: 0.0001pt; text-align: justify;">
<span lang="EN-IN" style="font-size: 12.0pt;">Thank
you.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-bottom: 0.0001pt; text-align: justify;">
<br /></div>
<div class="MsoNormal" style="margin-bottom: 0.0001pt; text-align: justify;">
<span lang="EN-IN" style="font-size: 12.0pt;">Dr. B. S.
Suran<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-bottom: 0.0001pt; text-align: justify;">
<span lang="EN-IN" style="font-size: 12.0pt;">Managing
Director<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-bottom: 0.0001pt; text-align: justify;">
<br /></div>
<div class="MsoNormal" style="line-height: 200%; text-align: justify;">
<br /></div>
<br />
<div>
<!--[if !supportFootnotes]--><br clear="all" />
<hr align="left" size="1" width="33%" />
<!--[endif]-->
<div id="ftn1">
<div class="MsoEndnoteText">
<a href="file:///C:/Users/suran/Desktop/letters%20and%20notes/Message%20from%20MD's%20Desk%20-%2007.09.2015.docx#_ftnref1" name="_ftn1" title=""><span class="MsoFootnoteReference"><span lang="EN-IN"><!--[if !supportFootnotes]--><span class="MsoFootnoteReference"><span lang="EN-IN" style="font-family: "Calibri","sans-serif"; font-size: 10.0pt; line-height: 107%; mso-ansi-language: EN-IN; mso-ascii-theme-font: minor-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-language: AR-SA; mso-bidi-theme-font: minor-bidi; mso-fareast-font-family: Calibri; mso-fareast-language: EN-US; mso-fareast-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;">[1]</span></span><!--[endif]--></span></span></a><span lang="EN-IN"> </span>Source : <span lang="EN-IN"> MFIN – Micrometer Issue 13 –
data as of 31 March 2015</span><o:p></o:p></div>
<div class="MsoFootnoteText">
<br /></div>
</div>
<div id="ftn2">
<div class="MsoFootnoteText">
<a href="file:///C:/Users/suran/Desktop/letters%20and%20notes/Message%20from%20MD's%20Desk%20-%2007.09.2015.docx#_ftnref2" name="_ftn2" title=""><span class="MsoFootnoteReference"><span lang="EN-IN"><!--[if !supportFootnotes]--><span class="MsoFootnoteReference"><span lang="EN-IN" style="font-family: "Calibri","sans-serif"; font-size: 10.0pt; line-height: 107%; mso-ansi-language: EN-IN; mso-ascii-theme-font: minor-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-language: AR-SA; mso-bidi-theme-font: minor-bidi; mso-fareast-font-family: Calibri; mso-fareast-language: EN-US; mso-fareast-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;">[2]</span></span><!--[endif]--></span></span></a><span lang="EN-IN"> </span>microFinance Banana
Skins 2014; Centre for the study of financial inclusion (CFSI survey)<o:p></o:p></div>
</div>
</div>
</div>
<div class="blogger-post-footer">SHG-Banking : making banking possible for the last, last and the least</div>Suranhttp://www.blogger.com/profile/17734352859237513611noreply@blogger.com0tag:blogger.com,1999:blog-751582184278604383.post-4004220777611919682015-05-04T13:40:00.002+05:302015-05-04T13:40:57.199+05:30The excessive credit focus in Agriculture has lead us no where !...still we continue to pursue the course ?<div dir="ltr" style="text-align: left;" trbidi="on">
EXECUTIVE SUMMARY - of a study by NABARD in 2015<br />
<br />
<br />
Amongst recent policy interventions implemented to revive the languishing
agricultural sector in India, those pertaining to agricultural credit have been very
much in the forefront. In particular, three major policy initiatives have shaped
the past decade in institutional credit to agriculture. The policy of doubling of
institutional credit to agriculture between 2004-05 and 2006-07 (over the
2004-05 base year) marked the first attempt to alleviate the financial constraints
of farmers. In 2008-09, the Agricultural Debt Waiver and Debt Relief Scheme
(ADWDRS) was introduced to waive specific outstanding debts for a large
number of small farmers; this was followed by the interest subvention scheme,
that sought to remedy the perceived negative impact of the waiver on loan
repayment culture by rewarding timely repayment with loans carrying lower
interest rates. These three schemes combined have, implicitly and explicitly,
resulted in an increasing volume of institutional credit to agriculture. Whereas
credit accounted for only 16% of the total value of paid out inputs in the triennium
ending (TE) 1998-99, and 26.3% in TE 2003-04, by the end of the decade, in
TE 2011-12, it had risen to as high as 80.3% of the estimated total paid out
costs of inputs.
Despite its importance, little is known about the effectiveness of credit in
supporting agricultural growth as represented by the GDP and indeed the very
nature of the relationship between formal agricultural credit and agricultural GDP.
This research project is a modest effort in this direction. While acknowledging
that questions of the impact of credit on agricultural output or value addition or
productivity are best addressed through a textured understanding of household
behaviour and micro studies, this study is based on the premise that aggregate
secondary data too can reveal some of these important relationships. This study
uses state-level data to examine the relationship between institutional credit to
the agricultural sector and agricultural GDP at the national level.<br />
<br />
Despite serious limitations of aggregation, which typically disregards distributional issues and
often masks more than it reveals, it is also true that any systematic or pervasive
relationship should reflect in aggregate data and offers a level of generalization
not available in small scale surveys. The goal of this study is four-fold: How
productive is institutional credit to the agricultural sector? What has been the
trend since mid-1990s? What are the pathways through which credit impacts
agriculture? How, if at all, have these pathways changed over the years? The
analysis covers the period 1995-96 to 2011-12 using data that includes all major
states within India. The study also conducts, data permitting, a disaggregate
analysis of two sub-periods – the first phase denoting the Pre-doubling period
(1995-96 to 2003-04) and the second representing the Post-doubling period
(2004-05 to 2011-12). Where feasible, the study replicates the analysis at the
state level.
In this study, credit is conceptualized as an enabling input that influences
agricultural GDP primarily via use of variable inputs and through investments in
fixed capital that support agricultural production. To the extent that credit can
also contribute to consumption smoothing of borrowers or better their capacity
for risk bearing, credit could have a non-specific influence on agricultural GDP
via variables that are typically unobserved by the researchers. To parse this
complex relationship given the limitations of data, a combination of three
approaches are used. The first is a simple model that regresses agricultural
GDP on current credit flow using state level data. The second method estimates
a hybrid profit-production function that regresses agricultural GDP on a vector
of relevant inputs, prices and agricultural credit flow during that year. This is a
direct approach to estimating the relationship between credit and agricultural
GDP in reduced form. The possible indigeneity of credit is addressed by the
use of a control function that “controls” for the estimated endogenous component
of observed credit flow. The third method represents the `pathways approach’
which estimates input demand as a function of credit, among other things and
controlling for indigeneity. The coefficients representing the responsiveness of input use to institutional credit are then used as components to construct the
total impact of agricultural credit on agricultural GDP. The impact of credit on
agricultural output is thus derived as the sum of the contribution of credit to the
use of specific inputs, capital or the cropping pattern, weighted by the contribution
of these to the total value of agricultural production.<br />
<br />
The range of estimates obtained from the various methods suggest that the
credit elasticity of agricultural GDP for the entire period 1995-96 to 2011-12 is
0..21, i.e. a 10% increase in institutional credit flow to agriculture in current
prices is associated with a 2.1% increase in agricultural GDP the following year
expressed in current prices. When controlling for prices represented by the
wholesale price index, a 10% increase in nominal credit associated with a 0.97%
increase in real GDP, indicating that inflation might be eroding some of gains
made in nominal terms. Compared with these results in the simple one period
lag model (method 1), the estimated credit elasticity is 0.04 when the model
controls for the use of inputs and a vector of input and output prices and for the
possible indigeneity of credit through a control function approach (method 2).
The structural model incorporating the pathways through which credit influences
agricultural GDP (method 3) yields estimates of credit elasticity of 0.21. These
results however have weak statistical significance.
The results from a period-wise disaggregate analysis is less conclusive. While
the first model suggests that the elasticity continues to be statistically significant
but has weakened in the post-doubling period, the other two approaches, one
that controls for prices and input and the other the captures the pathways suggest
that the relationship between credit and agricultural GDP may have declined,
but none of the estimated credit elasticity coefficients are statistically significant
implying that the hypothesis that the credit has no association with agricultural
GDP cannot be rejected.<br />
<br />
At the state level, estimates of credit elasticity of agricultural GDP from a simple
one-period lag model, the only feasible option given the data, vary mostly
between 0.05 and 0.7. For only a few exceptions, the credit elasticity turned out
to be statistically insignificant. Further, at the state level, the time trend of elasticity
estimates varies across states. In some states the relationship appears to have
strengthened post doubling whereas for others it has weakened. Further clarity
and insight can only be obtained through detailed case studies or primary
surveys, owing to the paucity of state level data that precludes modelling efforts
at the state level.
This study goes beyond to understand the precise role of credit, in other words,
the pathways through which it influences or is associated with agricultural GDP.
The findings from the analysis suggest that all the inputs, are highly responsive
to an increase in institutional credit to agriculture, after controlling for input prices,
output prices, sectoral composition of agriculture, area sown and so on. A 10 %
increase in credit flow in nominal terms leads to an increase by 1.7% in fertilizers
(N, P, K) consumption in physical quantities, 5.1% increase in the tonnes of
pesticides, 10.8% increase in tractor purchases. The credit elasticity of new
pump sets energized is however not statistically significant. A disaggregate
analysis, for the pre-doubling and post-doubling phases, suggest that the relative
importance of the inputs have changed. Whereas in the pre-doubling phase,
fertilizers were statistically significantly responsive, in the post-doubling phase
credit appears to have a strong relationship with tractors.
Overall, it seems quite clear that input use is sensitive to credit flow, whereas
GDP of agriculture is not. This seems to indicate that the ability of credit to
engineer growth in agricultural GDP is impeded by a problem of productivity
and efficiency where the increase in input use and adjustments in the pattern of
input use are not (yet) translating into higher agricultural GDP. Credit seems
therefore to be an enabling input, but one whose effectiveness is undermined
by low technical efficiency and productivity</div>
<div class="blogger-post-footer">SHG-Banking : making banking possible for the last, last and the least</div>Suranhttp://www.blogger.com/profile/17734352859237513611noreply@blogger.com0tag:blogger.com,1999:blog-751582184278604383.post-47795673684564090622014-08-31T10:35:00.001+05:302014-08-31T10:35:38.913+05:30<div dir="ltr" style="text-align: left;" trbidi="on">
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiP9ZBJDz4U-Twe1Mze2ZXmJbkNGLHo0-H_ujejfwBRgXHtE1fwpg_l70RWHzWcayXgGawtUIe_tDH_G-SyvR0X64MxyA0COpYNwIefCRLlRQaNsmKpmonb8KStVgaxX9ZZR7PJA11RBPs/s1600/PaperArtist_2014-08-29_18-50-50.jpeg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiP9ZBJDz4U-Twe1Mze2ZXmJbkNGLHo0-H_ujejfwBRgXHtE1fwpg_l70RWHzWcayXgGawtUIe_tDH_G-SyvR0X64MxyA0COpYNwIefCRLlRQaNsmKpmonb8KStVgaxX9ZZR7PJA11RBPs/s1600/PaperArtist_2014-08-29_18-50-50.jpeg" height="240" width="320" /></a></div>
<br /></div>
<div class="blogger-post-footer">SHG-Banking : making banking possible for the last, last and the least</div>Suranhttp://www.blogger.com/profile/17734352859237513611noreply@blogger.com0tag:blogger.com,1999:blog-751582184278604383.post-71746945580564104602014-08-15T19:16:00.001+05:302014-08-15T19:16:23.359+05:30B S Suran: Financial inclusion excludes the client | Business Standard Column<a href="http://www.business-standard.com/article/opinion/b-s-suran-financial-inclusion-excludes-the-client-114081400027_1.html#.U-4PDOJ7Hts.blogger">B S Suran: Financial inclusion excludes the client | Business Standard Column</a><div class="blogger-post-footer">SHG-Banking : making banking possible for the last, last and the least</div>Suranhttp://www.blogger.com/profile/17734352859237513611noreply@blogger.com0tag:blogger.com,1999:blog-751582184278604383.post-79863132828498294172014-08-07T21:48:00.001+05:302014-08-07T21:48:23.237+05:30sustaining the farm turnaround <div dir="ltr" style="text-align: left;" trbidi="on">
a small piece my me and vishy<br />
<br />
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEggdlY-oXJ0RNYpH5rbQYYu-uyW7fFiRInI-enTS9hZVsOMpSYaQj49ydvCTajvT1EuOCFpxJ-VMwTbUuaYDTKAeromeZ4ZTu10ReGCx_yUSuvVAnEAVg4mozIOzI1CoMLgqp3MbnkZmuE/s1600/10308166_10201734512110276_3844089449223206945_n.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEggdlY-oXJ0RNYpH5rbQYYu-uyW7fFiRInI-enTS9hZVsOMpSYaQj49ydvCTajvT1EuOCFpxJ-VMwTbUuaYDTKAeromeZ4ZTu10ReGCx_yUSuvVAnEAVg4mozIOzI1CoMLgqp3MbnkZmuE/s1600/10308166_10201734512110276_3844089449223206945_n.jpg" height="478" width="640" /></a></div>
<br /></div>
<div class="blogger-post-footer">SHG-Banking : making banking possible for the last, last and the least</div>Suranhttp://www.blogger.com/profile/17734352859237513611noreply@blogger.com0tag:blogger.com,1999:blog-751582184278604383.post-43555344765679567472014-08-07T21:39:00.001+05:302014-08-07T21:40:54.297+05:30ohh these waivers <div dir="ltr" style="text-align: left;" trbidi="on">
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgzfcq90-3FcdazNLL500AKuKcDmKr-bn3Afybk-nNstjzwKN1oKEJV0McTcsuq3_7ewvGC1H0WPmskd9Cpck0x_E7zjXEUsEXRTTLFN2Fc0A7YwTrUfW54ZAJFhKnetRcSFZ8T7-Gdi3w/s1600/20140802_114705.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgzfcq90-3FcdazNLL500AKuKcDmKr-bn3Afybk-nNstjzwKN1oKEJV0McTcsuq3_7ewvGC1H0WPmskd9Cpck0x_E7zjXEUsEXRTTLFN2Fc0A7YwTrUfW54ZAJFhKnetRcSFZ8T7-Gdi3w/s1600/20140802_114705.jpg" height="640" width="480" /></a></div>
<br /></div>
<div class="blogger-post-footer">SHG-Banking : making banking possible for the last, last and the least</div>Suranhttp://www.blogger.com/profile/17734352859237513611noreply@blogger.com0tag:blogger.com,1999:blog-751582184278604383.post-39496711327703680532014-08-07T21:35:00.002+05:302014-08-07T21:36:38.515+05:30Ohh this loan waivers !!!!!<div dir="ltr" style="text-align: left;" trbidi="on">
a small piece by me and vishy on loan waivers<br />
<br />
<br />
<a href="http://www.thehindubusinessline.com/opinion/rural-india-does-not-need-loan-waivers/article6264890.ece">http://www.thehindubusinessline.com/opinion/rural-india-does-not-need-loan-waivers/article6264890.ece</a></div>
<div class="blogger-post-footer">SHG-Banking : making banking possible for the last, last and the least</div>Suranhttp://www.blogger.com/profile/17734352859237513611noreply@blogger.com0tag:blogger.com,1999:blog-751582184278604383.post-90917853192831442622014-02-14T19:44:00.001+05:302014-08-07T21:36:19.021+05:30Can micro-finance regulate itself? | Business Line<div dir="ltr" style="text-align: left;" trbidi="on">
<a href="http://www.thehindubusinessline.com/todays-paper/tp-oncampus/can-microfinance-regulate-itself/article5686874.ece#.Uv4kGhvYqrw.blogger">Can micro-finance regulate itself? | Business Line</a></div>
<div class="blogger-post-footer">SHG-Banking : making banking possible for the last, last and the least</div>Suranhttp://www.blogger.com/profile/17734352859237513611noreply@blogger.com0tag:blogger.com,1999:blog-751582184278604383.post-73225747216199517992013-11-21T21:03:00.001+05:302013-11-21T21:03:06.117+05:30World Bank President Jim Kim endorses the 100 Million Project #PaP2013 (...<iframe allowfullscreen="" frameborder="0" height="344" src="//www.youtube.com/embed/YsK6548O44k?list=PLZUGmmqycFiA8mRRL0nm1Hz7nbRl5y0a7" width="459"></iframe><div class="blogger-post-footer">SHG-Banking : making banking possible for the last, last and the least</div>Suranhttp://www.blogger.com/profile/17734352859237513611noreply@blogger.com0tag:blogger.com,1999:blog-751582184278604383.post-39939927679525566372013-11-21T20:56:00.001+05:302013-11-21T20:56:00.026+05:30Building the Ecosystem for Financial Inclusion while Protecting Clients ...<iframe allowfullscreen="" frameborder="0" height="344" src="//www.youtube.com/embed/bNGU19QfL1k" width="459"></iframe><div class="blogger-post-footer">SHG-Banking : making banking possible for the last, last and the least</div>Suranhttp://www.blogger.com/profile/17734352859237513611noreply@blogger.com0tag:blogger.com,1999:blog-751582184278604383.post-62815722828569443682013-11-09T12:01:00.001+05:302013-11-09T12:01:25.383+05:30World Bank President Jim Kim endorses the 100 Million Project #PaP2013http://www.youtube.com/v/YsK6548O44k?autohide=1&version=3&attribution_tag=ahM_Tr73q5eOdVkMTGKHLQ&autoplay=1&feature=share&autohide=1&showinfo=1<div class="blogger-post-footer">SHG-Banking : making banking possible for the last, last and the least</div>Suranhttp://www.blogger.com/profile/17734352859237513611noreply@blogger.com0tag:blogger.com,1999:blog-751582184278604383.post-69493315759229636602013-11-09T12:00:00.001+05:302013-11-09T12:00:12.720+05:30Building the Ecosystem for Financial Inclusion while Protecting Clients ...http://www.youtube.com/v/bNGU19QfL1k?version=3&autohide=1&feature=share&showinfo=1&attribution_tag=rG6_YAg6liEjqWWKlDoj3w&autohide=1&autoplay=1<div class="blogger-post-footer">SHG-Banking : making banking possible for the last, last and the least</div>Suranhttp://www.blogger.com/profile/17734352859237513611noreply@blogger.com0tag:blogger.com,1999:blog-751582184278604383.post-85197290279923969862013-06-28T17:35:00.003+05:302013-06-28T17:35:41.307+05:30the most adorable Prof, that i have ever met !<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiz2tlaRKqB89N8ZJlNQbwhgYRRgDm1Ji3ht18f33AQOm0GOWYVeVcVMTQhmlyhzkGyP83Hq5DD4kZL4N9ysu_IJfnYfGxYEV3LPIO5JdFfZq_hs28tNrdINdmyHKYA9grQ1lik1aUsm9E/s1600/IMG_2601.JPG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiz2tlaRKqB89N8ZJlNQbwhgYRRgDm1Ji3ht18f33AQOm0GOWYVeVcVMTQhmlyhzkGyP83Hq5DD4kZL4N9ysu_IJfnYfGxYEV3LPIO5JdFfZq_hs28tNrdINdmyHKYA9grQ1lik1aUsm9E/s400/IMG_2601.JPG" width="400" /></a></div>
<br />
<br />
Prof Claudio Gonzalez Vega...what a pleasure to meet and interact ! <div class="blogger-post-footer">SHG-Banking : making banking possible for the last, last and the least</div>Suranhttp://www.blogger.com/profile/17734352859237513611noreply@blogger.com0tag:blogger.com,1999:blog-751582184278604383.post-4704978244109143022013-06-28T11:26:00.003+05:302013-06-28T11:26:58.875+05:30My workouts have started !<div class="MsoNormal">
Bulging waistlines, aching legs, receding hairline, soaring
lipid profile, re-positioning discomforts, double/triple chins, dropping eyesight
et al accompany me! </div>
<div class="MsoNormal">
So I have seriously started eating only 4 times a day, sitting only 6 hrs in the chair, watching only 4 hours of TV and exercising once a week <img src="file:///C:/Users/bs.suran/Downloads/lnu65e8xodbeegh1ej9a_normal.gif" />.........</div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiQCbwvlVwgzVaSypsegHsP8R7RoYiTKrEF_6Z-KjnSTNVe0S_Ya3khVXvljv0t2sSfUEA7vgAUbVpbmleIvLlyvCyd-T9dTuHgG6qK1e7sp4sw1BvWENiJQnWjy6d7QZHyWUM-YT6Mlhw/s48/lnu65e8xodbeegh1ej9a_normal.gif" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiQCbwvlVwgzVaSypsegHsP8R7RoYiTKrEF_6Z-KjnSTNVe0S_Ya3khVXvljv0t2sSfUEA7vgAUbVpbmleIvLlyvCyd-T9dTuHgG6qK1e7sp4sw1BvWENiJQnWjy6d7QZHyWUM-YT6Mlhw/s48/lnu65e8xodbeegh1ej9a_normal.gif" /></a></div>
<div class="MsoNormal">
God bless ….all should recede, shrink and improve …. Keeping
legs crossed !!</div>
<div class="MsoNormal">
Cheers</div>
<div class="MsoNormal">
Suran</div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<br /></div>
<div class="blogger-post-footer">SHG-Banking : making banking possible for the last, last and the least</div>Suranhttp://www.blogger.com/profile/17734352859237513611noreply@blogger.com1tag:blogger.com,1999:blog-751582184278604383.post-29335133140108342632013-04-29T22:47:00.001+05:302013-04-29T22:47:36.270+05:30B S Suran: KYC can be non-inclusive | Business Standard<a href="http://www.business-standard.com/article/opinion/b-s-suran-kyc-can-be-non-inclusive-112112600071_1.html#.UX6rI7ISF8I.blogger">B S Suran: KYC can be non-inclusive | Business Standard</a><div class="blogger-post-footer">SHG-Banking : making banking possible for the last, last and the least</div>Suranhttp://www.blogger.com/profile/17734352859237513611noreply@blogger.com0tag:blogger.com,1999:blog-751582184278604383.post-10951125211609555422013-04-24T11:08:00.000+05:302013-04-24T11:54:32.611+05:30Here is something that i loved. YES ...we cannot replicate !<div dir="ltr" style="text-align: left;" trbidi="on">
<h1>
<span lang="EN-GB" style="font-size: 12.0pt;">I love being where i am ! that is
not status qouish statement !!<o:p></o:p></span></h1>
<h1>
<span lang="EN-GB" style="font-size: 12.0pt;">I love serving the organization that
i served this long (NABARD). It has done so much for helping / grounding
thoughts, allowing rural / social innovations
and social enterprises in hinterlands. Perhaps unparalleled in the
country...its a 100 % CSR company ...yes paying taxes too to the exchequer –
figuring in the top 50 tax payers consistently . But NO tokenism about our development work ;
we virtually plough back all the profits we get into development spending …in
the unending search for solutions and answers. But , an organization of this
kind is still unheard of in the public and market space...yes, we may be a bit
sarkari in approach in terms of the time taken ( I can assure you it could be
far less than a World bank or ADB) we just donot market ourselves, we are
shy, that's how we were groomed, do your job , that's all . <o:p></o:p></span></h1>
<h1>
<span lang="EN-GB" style="font-size: 12.0pt;">I was privy to a presentation by
an IIM Prof, who did a study of my organisation...independently , no
financial support , just logistical support to show where project areas are. He
covered 10 projects PAN india , took 1.5 years for the field study , did no IRR
, ROA analysis, but did a well being analysis from a client perspective . <i>Believe me he said “ you guys are non-corruptible
; you have no understanding of the trust capital you have gained with
communities” it is unparalleled I have never seen anything like this in my over
3 decades of work”<o:p></o:p></i></span></h1>
<h1>
<span lang="EN-GB" style="font-size: 12.0pt;">I slept very well that day, my
respect of what we do and the organization that I work just leapfrogged that day
. He did visit tribal livelihood
projects, watersheds which we have supported ( a part of the 2 million ha we
support) , some SHG aggregation models, our
rural innovation projects etc etc . He said he is writing a book about it.
<o:p></o:p></span></h1>
<h1>
<span lang="EN-GB" style="font-size: 12.0pt;">Well amidst all this hunky-dory
stuff there are some that failed , which he documented ..YES, even if don’t
document success ; we should record our failures, its rates and the reasons for
failures. That is a greater lesson..least discussed..........<o:p></o:p></span></h1>
<h1>
<span lang="EN-GB" style="font-size: 12.0pt;">The real truth even in social
enterprises and innovations is that ""man""matters the most
. When we scale up a good pilot lesson to slightly visible scales ......we
could get everything right, the project, funding, logistics,
stakeholder support etc but may not get the right human beings that piloted the
success. The underlying thing..."we cannot replicate human being"
well even clones don't help.<o:p></o:p></span></h1>
<h1>
<span lang="EN-GB" style="font-size: 12.0pt;">Listen to this guy's spirited
talk ...just great . He made my day!!! Thanks pallotta !.. You inspired me to scribble
these few words too.....<o:p></o:p></span></h1>
<iframe allowfullscreen="" frameborder="0" height="315" mozallowfullscreen="" scrolling="no" src="http://embed.ted.com/talks/dan_pallotta_the_way_we_think_about_charity_is_dead_wrong.html" webkitallowfullscreen="" width="560"></iframe></div>
<div class="blogger-post-footer">SHG-Banking : making banking possible for the last, last and the least</div>Suranhttp://www.blogger.com/profile/17734352859237513611noreply@blogger.com2tag:blogger.com,1999:blog-751582184278604383.post-58389624754548110752013-03-18T12:51:00.000+05:302013-03-18T12:53:58.791+05:30the inside story of money laundering <div dir="ltr" style="text-align: left;" trbidi="on">
<br />
<div class="MsoNormal">
<span style="font-family: Calibri;">The cobra post sting on money laundering facilitation by banks has stirred a hornet nest in private banks ....the mighty 20 year old banks like, ICICI Bank, HDFC Bankand AXIS Bank of the country circumventing KYC norms is a piece of the pie. </span></div>
<div class="MsoNormal">
<span style="font-family: Calibri;"><br /></span></div>
<div class="MsoNormal">
<span style="font-family: Calibri;">KYC – for many clients is a different ball game . For the poor with Rs 500 in hand to open savings account
it is a dampener, with endless documents being sought which they have never
heard in their life and for the richy rich KYC is an enabler ….the banker will
enable it for you, if you have Rs crore + with you to open yet another saving account.
What a pitty, but, that’s is the irony !... but why would the crore plus need a new account now ...where was this money floating outside the banking system? Should this not be caught in the STR ( suspicious transaction account which banks sent FIU(Financial Intelligence unit)of the banking system- if liquid cash is brought it ???????<o:p></o:p></span></div>
<div class="MsoNormal">
<span style="font-family: Calibri;"><br /></span></div>
<div class="MsoNormal">
<span style="background-color: #fff3db; background-position: initial initial; background-repeat: initial initial;"><span style="color: #29303b; font-family: Calibri;">The recent report of ICICI Bank suspending 18 officials at the lower level smacks of discrimination and bais. officials at the lower
level are often made scapegoats . it is the case of ICICI screwing up the job of 18 officials because of the cobra bite ! They normally don't violate norms of this nature of
diluting KYC without a nod from the top. As somebody said “ The observance of
KYC norms is done only where it is convenient to the bank” . Smaller customers
are harassed with KYC “ kill your customer” norms and big fish is baited with “
kneel-down for the Customer” norms. <o:p></o:p></span></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="background-color: #fff3db; background-position: initial initial; background-repeat: initial initial;"><span style="font-family: Calibri;">Private
banks are no holy cows “ they have mopped up crores of deposits....their deposit growth needs a closer investigation ...a granular analysis which the KCC says ( KC chakravorthy) . many say private banks grows faster it
is because the PSU banks are inefficient. It may be good for FIU to study these
deposit accounts. It is time to enable the CBS ( Core banking solutions) to generate the Suspicious transaction
reports on line to FIU. That’s is self generated reports ? you will find many
purtis and non-purtis … with crores being directed from a shanties and basties. IT is ultimately the technology that can bring transparency to the fore ! </span></span><span style="font-family: Calibri;"><o:p></o:p></span></div>
</div>
<div class="blogger-post-footer">SHG-Banking : making banking possible for the last, last and the least</div>Suranhttp://www.blogger.com/profile/17734352859237513611noreply@blogger.com0tag:blogger.com,1999:blog-751582184278604383.post-31734229813290396922013-03-01T00:53:00.003+05:302013-03-01T00:53:44.899+05:30Creating strategic Plans <div dir="ltr" style="text-align: left;" trbidi="on">
<iframe allowfullscreen="" frameborder="0" height="315" src="http://www.youtube.com/embed/sU3FLxnDv_A" width="560"></iframe></div>
<div class="blogger-post-footer">SHG-Banking : making banking possible for the last, last and the least</div>Suranhttp://www.blogger.com/profile/17734352859237513611noreply@blogger.com0tag:blogger.com,1999:blog-751582184278604383.post-37453806841055762752013-02-02T12:27:00.000+05:302013-02-02T12:27:03.112+05:30Get inspired - what a classic <div dir="ltr" style="text-align: left;" trbidi="on">
<a href="http://www.blogger.com/%3Ciframe%20src=%22http://embed.ted.com/talks/ernesto_sirolli_want_to_help_someone_shut_up_and_listen.html%22%20width=%22560%22%20height=%22315%22%20frameborder=%220%22%20scrolling=%22no%22%20webkitAllowFullScreen%20mozallowfullscreen%20allowFullScreen%3E%3C/iframe%3E"><iframe allowfullscreen="" frameborder="0" height="315" mozallowfullscreen="" scrolling="no" src="http://embed.ted.com/talks/ernesto_sirolli_want_to_help_someone_shut_up_and_listen.html" webkitallowfullscreen="" width="560"></iframe></a><br />
<br />
<br />
<br />
<br />
I should have heard this 20 years back !<br />
Better late than never.<br />
cheers<br />
suran</div>
<div class="blogger-post-footer">SHG-Banking : making banking possible for the last, last and the least</div>Suranhttp://www.blogger.com/profile/17734352859237513611noreply@blogger.com1tag:blogger.com,1999:blog-751582184278604383.post-65146500991416827352012-11-12T22:42:00.000+05:302012-11-12T22:42:48.347+05:30<div dir="ltr" style="text-align: left;" trbidi="on">
<div id="__ss_3101123" style="text-align: left; width: 425px;">
<a href="http://www.slideshare.net/ifmr/padmashri-deep-joshi-seminar-at-ifmr" style="-x-system-font: none; display: block; font-family: Helvetica,Arial,Sans-serif; font-size-adjust: none; font-size: 14px; font-stretch: normal; font-style: normal; font-variant: normal; font-weight: normal; line-height: normal; margin: 12px 0pt 3px; text-decoration: underline;" title="Padmashri Deep Joshi Seminar at IFMR">Padmashri Deep Joshi Seminar at IFMR</a><object height="355" style="margin: 0px;" width="425"><param name="movie" value="http://static.slidesharecdn.com/swf/ssplayer2.swf?doc=deepjoshiifmr-100207232323-phpapp01&stripped_title=padmashri-deep-joshi-seminar-at-ifmr" /><param name="allowFullScreen" value="true"/><param name="allowScriptAccess" value="always"/><embed src="http://static.slidesharecdn.com/swf/ssplayer2.swf?doc=deepjoshiifmr-100207232323-phpapp01&stripped_title=padmashri-deep-joshi-seminar-at-ifmr" type="application/x-shockwave-flash" allowscriptaccess="always" allowfullscreen="true" width="425" height="355"></embed></object><br />
<div style="font-family: tahoma,arial; font-size: 11px; height: 26px; padding-top: 2px;">
View more <a href="http://www.slideshare.net/" style="text-decoration: underline;">presentations</a> from <a href="http://www.slideshare.net/ifmr" style="text-decoration: underline;">IFMR</a>.</div>
</div>
</div>
<div class="blogger-post-footer">SHG-Banking : making banking possible for the last, last and the least</div>Suranhttp://www.blogger.com/profile/17734352859237513611noreply@blogger.com0tag:blogger.com,1999:blog-751582184278604383.post-77203231324380289042012-11-12T22:40:00.004+05:302012-11-12T22:43:44.369+05:30<div dir="ltr" style="text-align: left;" trbidi="on">
<br />
<div align="left" class="MsoNormal" style="background-color: white; background-position: initial initial; background-repeat: initial initial;">
<span style="color: #393939; font-family: "Georgia","serif"; font-size: 19.0pt; mso-ansi-language: EN-US; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman"; mso-font-kerning: 18.0pt;">The
great Malayali paradox<o:p></o:p></span></div>
<div align="left" class="MsoNormal" style="background-color: white; background-position: initial initial; background-repeat: initial initial; line-height: 13.5pt;">
<br /></div>
<div align="left" class="MsoNormal" style="background-color: white; background-position: initial initial; background-repeat: initial initial;">
<span style="color: #3f3f3f; font-family: "Georgia","serif"; font-size: 10.5pt; mso-ansi-language: EN-US; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman"; mso-no-proof: yes;"><!--[if gte vml 1]><v:shapetype
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o:title="pixel"/>
</v:shape><![endif]--><!--[if !vml]--><img alt="http://articles.timesofindia.indiatimes.com/images/pixel.gif" height="1" src="file:///C:\DOCUME~1\ADMIN\LOCALS~1\Temp\msohtmlclip1\01\clip_image001.gif" v:shapes="Picture_x0020_1" width="1" /><!--[endif]--></span><span style="color: #3f3f3f; font-family: "Georgia","serif"; font-size: 10.5pt; mso-ansi-language: EN-US; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman";"><o:p></o:p></span></div>
<div align="left" class="MsoNormal" style="background-color: white; background-position: initial initial; background-repeat: initial initial;">
<span style="color: #3f3f3f; font-family: "Georgia","serif"; font-size: 10.5pt; mso-ansi-language: EN-US; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman"; mso-no-proof: yes;"><!--[if gte vml 1]><v:shape
id="Picture_x0020_2" o:spid="_x0000_i1027" type="#_x0000_t75" alt="http://articles.timesofindia.indiatimes.com/images/pixel.gif"
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o:title="pixel"/>
</v:shape><![endif]--><!--[if !vml]--><img alt="http://articles.timesofindia.indiatimes.com/images/pixel.gif" height="1" src="file:///C:\DOCUME~1\ADMIN\LOCALS~1\Temp\msohtmlclip1\01\clip_image001.gif" v:shapes="Picture_x0020_2" width="1" /><!--[endif]--></span><span style="color: #3f3f3f; font-family: "Georgia","serif"; font-size: 10.5pt; mso-ansi-language: EN-US; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman";"><o:p></o:p></span></div>
<div align="left" class="MsoNormal" style="background-color: white; background-position: initial initial; background-repeat: initial initial; line-height: 15pt;">
<i><span style="color: #3f3f3f; font-family: "Georgia","serif"; font-size: 11.5pt; mso-ansi-language: EN-US; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-fareast-font-family: "Times New Roman";">A
people who are both slaves and revolutionaries</span></i><span style="color: #3f3f3f; font-family: "Georgia","serif"; font-size: 11.5pt; mso-ansi-language: EN-US; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman";"><o:p></o:p></span></div>
<div align="left" class="MsoNormal" style="background-color: white; background-position: initial initial; background-repeat: initial initial; line-height: 15pt; margin-bottom: 11.25pt;">
<span style="color: #3f3f3f; font-family: "Georgia","serif"; font-size: 11.5pt; mso-ansi-language: EN-US; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman";">In Benyamin's
best-selling Malayalam novel Aadujeevitham, recently translated into English
and published by Penguin as Goat Days, the protagonist is a poor young aspiring
Malayali from Malabar who goes to the Gulf and is forced to live as a slave
looking after goats in the desert. It is a depressing true-to-life narrative in
first person.<o:p></o:p></span></div>
<div align="left" class="MsoNormal" style="background-color: white; background-position: initial initial; background-repeat: initial initial;">
<span style="color: #3f3f3f; font-family: "Georgia","serif"; font-size: 10.5pt; mso-ansi-language: EN-US; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman"; mso-no-proof: yes;"><!--[if gte vml 1]><v:shape
id="Picture_x0020_3" o:spid="_x0000_i1026" type="#_x0000_t75" alt="http://articles.timesofindia.indiatimes.com/images/pixel.gif"
style='width:.75pt;height:.75pt;visibility:visible;mso-wrap-style:square'>
<v:imagedata src="file:///C:\DOCUME~1\ADMIN\LOCALS~1\Temp\msohtmlclip1\01\clip_image001.gif"
o:title="pixel"/>
</v:shape><![endif]--><!--[if !vml]--><img alt="http://articles.timesofindia.indiatimes.com/images/pixel.gif" height="1" src="file:///C:\DOCUME~1\ADMIN\LOCALS~1\Temp\msohtmlclip1\01\clip_image001.gif" v:shapes="Picture_x0020_3" width="1" /><!--[endif]--></span><span style="color: #3f3f3f; font-family: "Georgia","serif"; font-size: 10.5pt; mso-ansi-language: EN-US; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman";"><o:p></o:p></span></div>
<div align="left" class="MsoNormal" style="background-color: white; background-position: initial initial; background-repeat: initial initial; line-height: 15pt; margin-bottom: 11.25pt;">
<span style="color: #3f3f3f; font-family: "Georgia","serif"; font-size: 11.5pt; mso-ansi-language: EN-US; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman";">Apart from its other
qualities, the book is a dream-killer and reflects the sad truth. Once they get
on a plane to the Gulf, the huge majority of Malayalis has to get set for a
life of near-slavery with neither job security nor the riches that they are
looking for. But they prefer that to joblessness in Kerala.<o:p></o:p></span></div>
<div align="left" class="MsoNormal" style="background-color: white; background-position: initial initial; background-repeat: initial initial; line-height: 15pt;">
<span style="color: #3f3f3f; font-family: "Georgia","serif"; font-size: 11.5pt; mso-ansi-language: EN-US; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman";">Mind you, the entire army of struggling
Malayalis sends back remittances which</span><span style="color: #3f3f3f; font-family: "Georgia","serif"; font-size: 11.5pt; mso-ansi-language: EN-US; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-fareast-font-family: "Times New Roman";"> </span><span style="color: #3f3f3f; font-family: "Georgia","serif"; font-size: 11.5pt; mso-ansi-language: EN-US; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman";"><a href="http://articles.timesofindia.indiatimes.com/2012-10-22/edit-page/34628617_1_malayalis-air-india-express-slaves" title="Click to Continue > by I Want This"><span style="color: blue; mso-bidi-font-size: 11.0pt;">form</span></a></span><span style="color: #3f3f3f; font-family: "Georgia","serif"; font-size: 11.5pt; mso-ansi-language: EN-US; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-fareast-font-family: "Times New Roman";"> </span><span style="color: #3f3f3f; font-family: "Georgia","serif"; font-size: 11.5pt; mso-ansi-language: EN-US; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman";">more than 22% of
Kerala's GDP. Without those slaving in the Gulf desert, Kerala's many
revolutions cannot be fought, nor can bandhs be enforced, nor factories shut
down. That is the Kerala paradox.<o:p></o:p></span></div>
<div align="left" class="MsoNormal" style="background-color: white; background-position: initial initial; background-repeat: initial initial; line-height: 15pt;">
<span style="color: #3f3f3f; font-family: "Georgia","serif"; font-size: 11.5pt; mso-ansi-language: EN-US; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman";">For the average Malayali who grew up
shouting slogans on the street, the life of abject slavery or remorseless,
unregulated factory shifts that most of them lead in the Gulf countries is an
unreal phase he has to go through. He knows while slaving in the desert or
working as a mason building the</span><span style="color: #3f3f3f; font-family: "Georgia","serif"; font-size: 11.5pt; mso-ansi-language: EN-US; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-fareast-font-family: "Times New Roman";"> </span><span style="color: #3f3f3f; font-family: "Georgia","serif"; font-size: 11.5pt; mso-ansi-language: EN-US; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman";"><a href="http://timesofindia.indiatimes.com/topic/Burj-Khalifa"><span style="color: blue; mso-bidi-font-size: 11.0pt;">Burj Khalifa</span></a>, that he
is a slave only momentarily. Permanence is the revolution he can create back
home. In heart and soul he is the revolutionary, whether he is from Malabar or
south Kerala.<o:p></o:p></span></div>
<div align="left" class="MsoNormal" style="background-color: white; background-position: initial initial; background-repeat: initial initial; line-height: 15pt;">
<span style="color: #3f3f3f; font-family: "Georgia","serif"; font-size: 11.5pt; mso-ansi-language: EN-US; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman";">So the average Malayali immigrant comes
back home frequently on</span><span style="color: #3f3f3f; font-family: "Georgia","serif"; font-size: 11.5pt; mso-ansi-language: EN-US; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-fareast-font-family: "Times New Roman";"> </span><span style="color: #3f3f3f; font-family: "Georgia","serif"; font-size: 11.5pt; mso-ansi-language: EN-US; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman";"><a href="http://timesofindia.indiatimes.com/topic/Air-India"><span style="color: blue; mso-bidi-font-size: 11.0pt;">Air India</span></a></span><span style="color: #3f3f3f; font-family: "Georgia","serif"; font-size: 11.5pt; mso-ansi-language: EN-US; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-fareast-font-family: "Times New Roman";"> </span><span style="color: #3f3f3f; font-family: "Georgia","serif"; font-size: 11.5pt; mso-ansi-language: EN-US; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman";">Express,
dons the revolutionary's garb for a while, joins the CPM or Muslim League
rally, flexes his muscles, buys some</span><span style="color: #3f3f3f; font-family: "Georgia","serif"; font-size: 11.5pt; mso-ansi-language: EN-US; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-fareast-font-family: "Times New Roman";"> </span><span style="color: #3f3f3f; font-family: "Georgia","serif"; font-size: 11.5pt; mso-ansi-language: EN-US; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman";"><a href="http://timesofindia.indiatimes.com/topic/gold"><span style="color: blue; mso-bidi-font-size: 11.0pt;">gold</span></a></span><span style="color: #3f3f3f; font-family: "Georgia","serif"; font-size: 11.5pt; mso-ansi-language: EN-US; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-fareast-font-family: "Times New Roman";"> </span><span style="color: #3f3f3f; font-family: "Georgia","serif"; font-size: 11.5pt; mso-ansi-language: EN-US; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman";">for his long-forsaken
wife. That is the revolutionary's vacation.<o:p></o:p></span></div>
<div align="left" class="MsoNormal" style="background-color: white; background-position: initial initial; background-repeat: initial initial; line-height: 15pt; margin-bottom: 11.25pt;">
<span style="color: #3f3f3f; font-family: "Georgia","serif"; font-size: 11.5pt; mso-ansi-language: EN-US; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman";">These are the
spontaneous revolutionaries who held the Air India Express to ransom on October
19 at the Thiruvananthapuram airport. The plane had been diverted to Trivandrum
due to bad weather, and the pilot could not take the diverted flight back to
Kochi since her flying hours were over. But try telling that to the
revolutionary Mallu, just taking his break from a life of slavery and hard life
in the desert.<o:p></o:p></span></div>
<div align="left" class="MsoNormal" style="background-color: white; background-position: initial initial; background-repeat: initial initial; line-height: 15pt;">
<span style="color: #3f3f3f; font-family: "Georgia","serif"; font-size: 11.5pt; mso-ansi-language: EN-US; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman";">The Mallu revolutionary, however, has
his funda straight. He wouldn't try this trick if an Emirates flight from Kochi
to</span><span style="color: #3f3f3f; font-family: "Georgia","serif"; font-size: 11.5pt; mso-ansi-language: EN-US; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-fareast-font-family: "Times New Roman";"> </span><span style="color: #3f3f3f; font-family: "Georgia","serif"; font-size: 11.5pt; mso-ansi-language: EN-US; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman";"><a href="http://timesofindia.indiatimes.com/topic/Dubai"><span style="color: blue; mso-bidi-font-size: 11.0pt;">Dubai</span></a></span><span style="color: #3f3f3f; font-family: "Georgia","serif"; font-size: 11.5pt; mso-ansi-language: EN-US; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-fareast-font-family: "Times New Roman";"> </span><span style="color: #3f3f3f; font-family: "Georgia","serif"; font-size: 11.5pt; mso-ansi-language: EN-US; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman";">was diverted to Abu
Dhabi. He knows the rules there. Nor would he have tried this bit of slogan
shouting if the diverted Air India Express flight had landed in Sharjah.<o:p></o:p></span></div>
<div align="left" class="MsoNormal" style="background-color: white; background-position: initial initial; background-repeat: initial initial; line-height: 15pt; margin-bottom: 11.25pt;">
<span style="color: #3f3f3f; font-family: "Georgia","serif"; font-size: 11.5pt; mso-ansi-language: EN-US; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman";">Trivandrum, of course,
is a different battlefield. Here is the centre of all revolutions - the
Marxists' revolution, the daily dharnas, the picketing of the state secretariat
by government workers, the street bullying of the Marxist goondas, the very
theatre of the dictatorship of the proletariat. What better place to try a mock
hijack than at Trivandrum airport? Here, the slaves make the rules.<o:p></o:p></span></div>
<div align="left" class="MsoNormal" style="background-color: white; background-position: initial initial; background-repeat: initial initial; line-height: 15pt; margin-bottom: 11.25pt;">
<span style="color: #3f3f3f; font-family: "Georgia","serif"; font-size: 11.5pt; mso-ansi-language: EN-US; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman";">The Gulf returnee had
to flex his muscles after many months of living a miserable life as driver,
mason, or waiter in a roadside eatery, all in desert regions where no labour
rules apply. There, he is well-behaved; not a slogan uttered nor demands
raised. But once he boards the highly subsidised Air India Express to go back
home, that changes.<o:p></o:p></span></div>
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<span style="color: #3f3f3f; font-family: "Georgia","serif"; font-size: 10.5pt; mso-ansi-language: EN-US; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman"; mso-no-proof: yes;"><!--[if gte vml 1]><v:shape
id="Picture_x0020_4" o:spid="_x0000_i1025" type="#_x0000_t75" alt="http://articles.timesofindia.indiatimes.com/images/pixel.gif"
style='width:.75pt;height:.75pt;visibility:visible;mso-wrap-style:square'>
<v:imagedata src="file:///C:\DOCUME~1\ADMIN\LOCALS~1\Temp\msohtmlclip1\01\clip_image001.gif"
o:title="pixel"/>
</v:shape><![endif]--><!--[if !vml]--><img alt="http://articles.timesofindia.indiatimes.com/images/pixel.gif" border="0" height="1" src="file:///C:\DOCUME~1\ADMIN\LOCALS~1\Temp\msohtmlclip1\01\clip_image001.gif" v:shapes="Picture_x0020_4" width="1" /><!--[endif]--></span><span style="color: #3f3f3f; font-family: "Georgia","serif"; font-size: 10.5pt; mso-ansi-language: EN-US; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman";"><o:p></o:p></span></div>
<div align="left" class="MsoNormal" style="background-color: white; background-position: initial initial; background-repeat: initial initial; line-height: 15pt; margin-bottom: 11.25pt;">
<span style="color: #3f3f3f; font-family: "Georgia","serif"; font-size: 11.5pt; mso-ansi-language: EN-US; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman";">During his holiday,
the Gulf-returned bully also tries other things. Two weeks ago, one of them
walked into a newly opened KFC joint in Trivandrum, bought a chicken, then
shouted that there was a live worm inside his fried chicken. He called the TV
people, had his highly dubious claim aired on TV and had the KFC shut down, all
in the course of one hour. In a Dubai KFC, he may have paid for a replacement.<o:p></o:p></span></div>
<div align="left" class="MsoNormal" style="background-color: white; background-position: initial initial; background-repeat: initial initial; line-height: 15pt; margin-bottom: 11.25pt;">
<span style="color: #3f3f3f; font-family: "Georgia","serif"; font-size: 11.5pt; mso-ansi-language: EN-US; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman";">So shutting down
enterprises in Kerala is a full-time hobby. In that holy venture, all Mallus
are united. After that shutting down, they go back to their Goat Days.<o:p></o:p></span></div>
<div align="left" class="MsoNormal" style="background-color: white; background-position: initial initial; background-repeat: initial initial; line-height: 15pt; margin-bottom: 11.25pt;">
<span style="color: #3f3f3f; font-family: "Georgia","serif"; font-size: 11.5pt; mso-ansi-language: EN-US; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman";"><br /></span></div>
<div align="left" class="MsoNormal" style="background-color: white; background-position: initial initial; background-repeat: initial initial; line-height: 15pt; margin-bottom: 11.25pt;">
<span style="color: #3f3f3f; font-family: "Georgia","serif"; font-size: 11.5pt; mso-ansi-language: EN-US; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman";">BY .....................</span><b style="background-color: transparent; line-height: 18px;"><span style="color: #999999; font-family: Georgia, serif; font-size: 7.5pt;">Binoo K John</span></b><span style="background-color: transparent; color: #999999; font-family: Georgia, serif; font-size: 7.5pt; line-height: 18px;"> </span><span style="background-color: transparent; border: 1pt none windowtext; color: #999999; font-family: Georgia, serif; font-size: 7.5pt; line-height: 18px; padding: 0in;">Oct 22, 2012, TOI</span></div>
<div align="left" class="MsoNormal" style="background-color: white; margin-bottom: 11.25pt;">
<span style="background-color: transparent; border: 1pt none windowtext; padding: 0in;"><span style="color: #999999; font-family: Georgia, serif; font-size: xx-small;"><span style="line-height: 18px;">I found this interesting, and hits the bulls-eye ! </span></span></span></div>
<div align="left" class="MsoNormal" style="background-color: white; margin-bottom: 11.25pt;">
<span style="background-color: transparent; border: 1pt none windowtext; padding: 0in;"><span style="color: #999999; font-family: Georgia, serif; font-size: xx-small;"><span style="line-height: 18px;">The mallu mindscape is no doubt paradoxical </span></span></span></div>
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<div class="blogger-post-footer">SHG-Banking : making banking possible for the last, last and the least</div>Suranhttp://www.blogger.com/profile/17734352859237513611noreply@blogger.com0tag:blogger.com,1999:blog-751582184278604383.post-48538297105758213192012-10-26T20:47:00.002+05:302012-10-26T20:50:20.724+05:30Financial literacy or just basic numeracy ? - first things first<div dir="ltr" style="text-align: left;" trbidi="on">
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<span lang="EN-GB">So much talk of financial literacy for the
poor and all that lecture bajji about computing the financial capability index
and stuff like that – all sounded so western to me. The poor in the hinterlands,
is drenched in traditional insights which the suave literate is hardly aware of
. They take so much from the traditional knowledge systems and in turn confuse
them with their overflowing words of literacy ; let alone the financial jargons
-literacy ....a la microfinance institution. Often the poor and illiterate do succumb to
phoney things in finance, it is still possible to confuse why addition and multiplication
has the same result viz; 2 + 2 is 4 and 2 * 2 is also 4. See the enclosed ppt
to see how the local moneylender confuses the poor – i made the ppt at a
financial literacy seminar and believe me – “everyone hated it “ what is he
saying” we say good things about ourselves in seminar ..... While the first job for me in a poor focused financial programme is to get them hold the pencil and write their
name.... this is the lesson for an SHG to address !</span></div>
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<span lang="EN-GB"><br /></span></div>
<div class="MsoNormal">
<span lang="EN-GB"> </span><a href="http://www.slideshare.net/suranbs/m-f-transparency-some-facts">http://www.slideshare.net/suranbs/m-f-transparency-some-facts</a></div>
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<a href="http://www.slideshare.net/suranbs/m-f-transparency-some-facts">http://www.slideshare.net/suranbs/m-f-transparency-some-facts</a></div>
<br /></div>
<div class="blogger-post-footer">SHG-Banking : making banking possible for the last, last and the least</div>Suranhttp://www.blogger.com/profile/17734352859237513611noreply@blogger.com0tag:blogger.com,1999:blog-751582184278604383.post-49758020641636342172012-10-15T12:16:00.002+05:302012-10-15T12:17:32.011+05:30Why the world Bank is not right ! WB is stuck with its views<div dir="ltr" style="text-align: left;" trbidi="on">
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgb2Mech0v1KUWBwnPkkshLL5HPUOt-wxpa483IBo1FD5TM5K_fPCOC6Dha6-FF9T2j3daMETJ-LPaGFcKarj7LEHV_RYQ7jexgM5noy-hhd8qk1r8d_SL8rGL7ESQwecg-26TnkamgCu4/s1600/mC+and+Fin+system.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgb2Mech0v1KUWBwnPkkshLL5HPUOt-wxpa483IBo1FD5TM5K_fPCOC6Dha6-FF9T2j3daMETJ-LPaGFcKarj7LEHV_RYQ7jexgM5noy-hhd8qk1r8d_SL8rGL7ESQwecg-26TnkamgCu4/s1600/mC+and+Fin+system.jpg" /></a></div>
<br /></div>
<div class="blogger-post-footer">SHG-Banking : making banking possible for the last, last and the least</div>Suranhttp://www.blogger.com/profile/17734352859237513611noreply@blogger.com0tag:blogger.com,1999:blog-751582184278604383.post-43025969734196656732012-08-10T21:19:00.000+05:302012-08-13T18:00:47.414+05:30The grand papa of microFinance - oh la la !<div dir="ltr" style="text-align: left;" trbidi="on">
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<span lang="EN-GB">The grand
papa of microfinance – ohh la la ! <b><o:p></o:p></b></span></div>
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<span lang="EN-GB" style="background-color: white; background-position: initial initial; background-repeat: initial initial; font-size: 12pt;">I had an occasion of
being a part of the Financial inclusion conclave “ the first mile walk to
Financial inclusion” organised by sadhan at New Delhi on 7-8 Aug 2012 at New Delhi . The title
was very apt and many speakers including the RBI, Deputy Governor commented on
the creativeness of the title . The event however, never showcased much of it;
with topic like microfinance regulation and SHG federations etc. the beauty of
the meet however, was the large participation of the SHG members, who were panellists;
we had an exclusive session with them moderated by a CEO of Development Support
Team, Pune. Though many complained about the banks not giving credit, most of
the clients spoke about the savings balances they maintain and the other
benefits that accrued due to their being a part of SHG. <o:p></o:p></span></div>
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<span lang="EN-GB" style="background-color: white; background-position: initial initial; background-repeat: initial initial; font-size: 12pt;">Well, my purpose of
writing this piece is to inform about the great dampener session which was the penultimate
one on microfinance regulation with Mythili Bhusurmath in the chair, Umarji, Anuraj
jain of DFS and the grand dad of microfinance. While everyone spoke the current
bill and the good things it can do; but, the grand dad had only one agenda – “blast
the AP govt”. He went off at a tangent not covering the bill but castigating the
AP govt , telling everyone that they should be tried in a court. It was a
virtual diatribe, stating they should be behind bars etc etc, especially when
nobody was there from the AP govt to defend or state their point of view. It
was at the end that the Chair asked the grand dad to stick to the topic on
microfinance regulation and the present bill; for which the grand dad commented i
wanted the word microfinance vandalism to be mentioned in the bill; and it be should
a part of the microfinance lingo in the future. For a godfather who was once prudent,
creative and propped up by NABARD in late 1980’s and then RBI and Government,
now seems to make a joke of himself! I wish i posed these Q’s for him <o:p></o:p></span></div>
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<div class="MsoListParagraphCxSpFirst" style="mso-list: l0 level1 lfo1; text-indent: -.25in;">
<span lang="EN-GB" style="font-size: 12pt;">1.<span style="font-size: 7pt;"> </span></span><span lang="EN-GB" style="background-color: white; background-position: initial initial; background-repeat: initial initial; font-size: 12pt;">Did the godfather NOT foresee the risks
of business, including the risks from external sources, even when perceives it
this away. <o:p></o:p></span></div>
<div class="MsoListParagraphCxSpMiddle" style="mso-list: l0 level1 lfo1; text-indent: -.25in;">
<span lang="EN-GB" style="font-size: 12pt;">2.<span style="font-size: 7pt;"> </span></span><span lang="EN-GB" style="background-color: white; background-position: initial initial; background-repeat: initial initial; font-size: 12pt;">Did he believe that all the poor in the
country live in AP? Was AP the only state where poverty existed; what prompted them
to stay away from states that needed these services?<o:p></o:p></span></div>
<div class="MsoListParagraphCxSpMiddle" style="mso-list: l0 level1 lfo1; text-indent: -.25in;">
<span lang="EN-GB" style="font-size: 12pt;">3.<span style="font-size: 7pt;"> </span></span><span lang="EN-GB" style="background-color: white; background-position: initial initial; background-repeat: initial initial; font-size: 12pt;">Was he not aware of the microfinance
crowding that was happening in AP? Was he not aware of the perils of overcrowding?
<o:p></o:p></span></div>
<div class="MsoListParagraphCxSpMiddle" style="mso-list: l0 level1 lfo1; text-indent: -.25in;">
<span lang="EN-GB" style="font-size: 12pt;">4.<span style="font-size: 7pt;"> </span></span><span lang="EN-GB" style="background-color: white; background-position: initial initial; background-repeat: initial initial; font-size: 12pt;">What happened to his due diligence
abilities of the business side? <o:p></o:p></span></div>
<div class="MsoListParagraphCxSpMiddle" style="mso-list: l0 level1 lfo1; text-indent: -.25in;">
<span lang="EN-GB" style="font-size: 12pt;">5.<span style="font-size: 7pt;"> </span></span><span lang="EN-GB" style="background-color: white; background-position: initial initial; background-repeat: initial initial; font-size: 12pt;">If as an industry, why did not learn from
the earlier lessons when the first signs were out in 2006?<o:p></o:p></span></div>
<div class="MsoListParagraphCxSpMiddle" style="mso-list: l0 level1 lfo1; text-indent: -.25in;">
<span lang="EN-GB" style="font-size: 12pt;">6.<span style="font-size: 7pt;"> </span></span><span lang="EN-GB" style="background-color: white; background-position: initial initial; background-repeat: initial initial; font-size: 12pt;">Was their Code of conduct drafted for mere
printing and lip service during conferences? Why was not it put in place to
avoid such mishaps? <o:p></o:p></span></div>
<div class="MsoListParagraphCxSpMiddle" style="mso-list: l0 level1 lfo1; text-indent: -.25in;">
<span lang="EN-GB" style="font-size: 12pt;">7.<span style="font-size: 7pt;"> </span></span><span lang="EN-GB" style="background-color: white; background-position: initial initial; background-repeat: initial initial; font-size: 12pt;">If the grand pa thought that other mFIs
where responsible (which he keeps repeating) not him and his company, why were
they not restrained by the association?<o:p></o:p></span></div>
<div class="MsoListParagraphCxSpMiddle" style="mso-list: l0 level1 lfo1; text-indent: -.25in;">
<span lang="EN-GB" style="font-size: 12pt;">8.<span style="font-size: 7pt;"> </span></span><span lang="EN-GB" style="background-color: white; background-position: initial initial; background-repeat: initial initial; font-size: 12pt;">If the case is subjudice; cannot the grandpa
wait for the final outcome? </span><span lang="EN-GB" style="background-color: white; background-position: initial initial; background-repeat: initial initial; font-size: 12pt;">RBI
had only recently filed its affidavit on jurisdictional issue and that too for
NBFC which it regulates?</span><span lang="EN-GB" style="background-color: white; background-position: initial initial; background-repeat: initial initial; font-size: 12pt;"><o:p></o:p></span></div>
<div class="MsoListParagraphCxSpMiddle" style="mso-list: l0 level1 lfo1; text-indent: -.25in;">
<span lang="EN-GB" style="font-size: 12pt;">9.<span style="font-size: 7pt;"> </span></span><span lang="EN-GB" style="background-color: white; background-position: initial initial; background-repeat: initial initial; font-size: 12pt;">If the RBI regulation was weak for NBFC ( grand pa has a NBFC); why did not
tell this to RBI ?</span><span lang="EN-GB" style="background-color: white; background-position: initial initial; background-repeat: initial initial; font-size: 12pt;"><o:p></o:p></span></div>
<div class="MsoListParagraphCxSpMiddle" style="mso-list: l0 level1 lfo1; text-indent: -.25in;">
<span lang="EN-GB" style="font-size: 12pt;">10.<span style="font-size: 7pt;"> </span></span><span lang="EN-GB" style="background-color: white; background-position: initial initial; background-repeat: initial initial; font-size: 12pt;">What happened to client level trust
which his mFI had built, and why did the client ditch him?- i ask this because i had heard him reply to a
Q in previous conference meeting at Gujarat Govt in 2008; where a participant asked
about mass default by mFI client in Anand, Gujarat. The grand dad’s reply was “
we built trust with clients and they don’t default en-mass <o:p></o:p></span></div>
<div class="MsoListParagraphCxSpLast" style="mso-list: l0 level1 lfo1; text-indent: -.25in;">
<span lang="EN-GB" style="font-size: 12pt;">11.<span style="font-size: 7pt;"> </span></span><span lang="EN-GB" style="background-color: white; background-position: initial initial; background-repeat: initial initial; font-size: 12pt;">The AP Act states not more than 2 loans
to a client; if it’s more they reserve it, while mFI target the same segment, overcrowd
and there are instances of 5-9 loans to one family – does grandpa’s NBFC do a
KYC and realize that the client has already got an outstanding 2-4 loans and
his loan is the n th, could he not avoid them ?. Did he purposely plunge his
fingers into fire and now blaming the fire for it ?<o:p></o:p></span></div>
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<span lang="EN-GB" style="background-color: white; background-position: initial initial; background-repeat: initial initial; font-size: 12pt;">In all his monologue not
a word about the client, except stating that “Now the 92 lakh poor families in
AP are in debt with money lender at much higher rates” !! So clients are quoted at their convenience. All
request are made for relaxing that, allow this , allow that etc- in short at institution
focused and see what they are doing. Well institutions are means to an end and
not an end in itself. Institutional survival is not important, which should be
determined by markets and its users, it has to be client interest which is
paramount. <o:p></o:p></span></div>
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<span lang="EN-GB" style="background-color: white; background-position: initial initial; background-repeat: initial initial; font-size: 12pt;">Well, the good thing
about the earlier part of the conference was it had a lot of SHG members, mFI
clients were absent by their presence. Invariably every SHG member, who spoke (
and some did sing) spoke about savings ,
but most of the panellists were keen about the credit not adequately following.<o:p></o:p></span></div>
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<span lang="EN-GB" style="background-color: white; background-position: initial initial; background-repeat: initial initial; font-size: 12pt;">After the tirade by the grandpa - i left the conference in a
huch, with a very bad headache...yes literally ! <o:p></o:p></span></div>
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<span lang="EN-GB" style="background-color: white; background-position: initial initial; background-repeat: initial initial; font-size: 12pt;">Now i am inclined to "Stand
for something or you'll fall for everything"</span>..... <o:p></o:p></div>
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<span lang="EN-GB" style="background-color: white; background-position: initial initial; background-repeat: initial initial; font-size: 12pt;">Cheers <o:p></o:p></span></div>
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<div class="blogger-post-footer">SHG-Banking : making banking possible for the last, last and the least</div>Suranhttp://www.blogger.com/profile/17734352859237513611noreply@blogger.com1