Entrepreneur gets big banks to back very small loans
Article Abstract:
Vikram Akula, SKS Microfinance Pvt. Ltd. of India lends small business entrepreneurs micro loans in a trend that is contributing to the growing economy. The micro loans empower the poor and particulary women in rural communities. Only about three percent of the micro loans are forfeited and the small business loan company has seen healthy profits over the last three years.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2006
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Bank Ready for India's Harvest
Article Abstract:
ICICI Banking Corporation Ltd. of India by aggressively developing retail banking services has become India's largest bank by market value. The bank has moved into the newly emerged middle class niche market offering credit card and car loan services. India's economy is growing but banking regulations on foreign banks are opening the market for national interests .
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2005
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Cashing in on the masses
Article Abstract:
The banking industry in India is cashing in on small value, mass customer base using indigenous technology and posting higher profits. The modern banking services like ATM are taken to the rural areas.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 2004
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