Muhammad Yunus | Bandhan may lose its small loan focus after becoming a bank10 min read 17 Mar 2015, 01:20 AM IST
The Nobel laureate and founder of microfinance pioneer Bangladesh's Grameen Bank says MFIs in India could be greedy and tapping the capital market or raising loans from private equity funds is a bad idea
Mumbai: Muhammad Yunus, Nobel laureate and founder of microfinance pioneer Bangladesh’s Grameen Bank, said it is doubtful whether India’s largest microfinance institution (MFI) Bandhan Financial Services Pvt. Ltd will be able to continue its focus on small loans after it becomes a bank. Last year, Bandhan became the first MFI in the country to win a bank licence.
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