Rocky the Mudhen : Baseball and Humble Pie by Sam Shane

Rocky the Mudhen : Baseball and Humble Pie by Sam Shane

In 2010, India's micro-finance industry suffered a crisis of faith that questioned the very basis of its existence. The Government of Andhra Pradesh, a state often described as the micro-finance capital of India, reported that as many as 54 people had committed suicide due to harassment related to debt repayment. For a country that has yet to recover from the agrarian crisis that continues to claim the lives of farmers at a regular rate, this was yet another blow. The champions of the downtrodden had turned into agents of oppression and harassment - or so it seemed. Why did such a fate befall an industry that, even during the global economic crisis, was the darling of bankers and investors worldwide? This book offers an objective view into the functioning of the industry and provides numbers to substantiate the enormity and the implications of the crisis, born primarily out of the pressures of commercialization and incentives gone terribly wrong, the lack of sufficient regulatory/supervisory attention, and the rigid and impractical stand of some state governments. Turning the crisis into a learning opportunity, the book touches on critical issues, such as India's corporate governance, MIS, internal controls, risk management, compensation, regulation/supervision, financial inclusion, and other aspects. A framework of suggested remedial measures highlights practical actions that need to be taken if the industry is to regain its credibility as a prime mover in the area of development and inclusive growth.

SKU	Unavailable
ISBN 13	9780974892214
ISBN 10	0974892211
Title	Rocky the Mudhen : Baseball and Humble Pie
Author	Sam Marso
Condition	Unavailable
Binding Type	Hardback
Publisher	Rabbit Ears Press And Company
Number of pages	41
Cover note	Book picture is for illustrative purposes only, actual binding, cover or edition may vary.