MFIs, banks need to revisit micro-loan pricing: CreditAccess Grameen MD

Udaya Kumar Hebbar comes across as a contrarian when he says that the industry has learnt to navigate lockdowns

Topics
MFIs | Banking sector

Raghu Mohan 

The second wave of the Covid-19 pandemic has the potential to trip the financial sector all over again. For microfinance institutions (MFIs) that cater to the bottom of the pyramid, it is particularly challenging, given their dependence for funding on banks, even as they compete with them.

UDAYA KUMAR HEBBAR, managing director of CreditAccess Grameen, comes across as a contrarian when he says that the industry has learnt to navigate lockdowns. He spoke to Raghu Mohan. Edited excerpts: How is the second phase of the pandemic going to affect your collections? In the first phase of the ...

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Sun, May 09 2021. 21:13 IST
RECOMMENDED FOR YOU
.