Debt Crisis & NBFCs Archives - Page 2 of 2 - Centre for Financial Accountability

Women demand basic dignity, access to credit and monitoring micro finance by States

The National Public Hearing on Rising Indebtedness of Women and MFI Loot, convened by the All India Democratic Women’s A...

Article

From Credit to Crisis: India’s Women in Debt I Finance Matters, 22 August 2025 I Editorial

A new nationwide survey has laid bare the dark side of India’s microfinance boom. Conducted by the All India Democra...

Debt Crisis & NBFCs FM EditS General Indian Economy

Article

BULA BILL TO SAVE SHYLOCKS?

The Statement of the Peoples Commission on Public Sector and Public Services has declared that the BULA Bill fails to re...

Debt Crisis & NBFCs General Indian Economy Random Reflections

Article

Micro Loans Are Driving an Already Forsaken Population Further Into Distress

The people for whom such micro-credits become a lifeline are those who are not considered credit worthy by the formal ba...

Coverage Debt Crisis & NBFCs Finance General Indian Economy

Article

By pushing people to money lenders the Union Govt and RBI are implementing Manusmriti

History shows that in primitive society there was no money lending and people shared their natural resources. In In...

Debt Crisis & NBFCs General Indian Economy Random Reflections

Article

Loan Write-offs and Reduction in Rural Bank Branches Are Undermining Financial Inclusion in India

As the DFS gears up for its stock-taking meet, it must recall that true financial inclusion needs more public sector b...

Coverage Debt Crisis & NBFCs General Indian Economy

Article

Reducing Small Loans from Banks – A Serious Alarm, Act Immediately

After nationalisation of 14 banks in 1969 and 6 more in 1980, access to credit became possible for small borrowers. But ...

Debt Crisis & NBFCs General Indian Economy Random Reflections

Article

To undo the deadly noose of loan apps, RBI’s occasional warnings won’t do

A new ecosystem based on loan apps has mushroomed across India’s financial landscape over a decade, preying on those aba...

Coverage Debt Crisis & NBFCs General Indian Economy

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September 11, 2025

Thomas Franco

Women demand basic dignity, access to credit and monitoring micro finance by States

The National Public Hearing on Rising Indebtedness of Women and MFI Loot, convened by the All India Democratic Women’s Association, on 23-24 August 2025 at New Delhi highlighted the failure of the Government of India and the Reserve Bank of India in curbing the growing power and malpractices of NBFC...

Debt Crisis & NBFCs General Indian Economy Random Reflections

Article

September 11, 2025

CFA Admin

From Credit to Crisis: India’s Women in Debt I Finance Matters, 22 August 2025 I Editorial

A new nationwide survey has laid bare the dark side of India’s microfinance boom. Conducted by the All India Democratic Women’s Association across 15 states, the study of 6,685 women shows how non-banking finance companies (NBFCs) and microfinance institutions (MFIs) have become debt traps rathe...

Debt Crisis & NBFCs FM EditS General Indian Economy

Article

September 11, 2025

Thomas Franco

BULA BILL TO SAVE SHYLOCKS?

The Statement of the Peoples Commission on Public Sector and Public Services has declared that the BULA Bill fails to rein in predatory lending activities.The summary of the statements is given below: The Department of Financial Services has released the Banning of Unregulated Lending Activities (BU...

Debt Crisis & NBFCs General Indian Economy Random Reflections

Article

August 5, 2026

Amitanshu Verma, Anirban Bhattacharya and Haripriya B Harshan

Micro Loans Are Driving an Already Forsaken Population Further Into Distress

The people for whom such micro-credits become a lifeline are those who are not considered credit worthy by the formal banking system. ‘These are the people for whom such micro-credits become a lifeline as they are not considered credit worthy by the formal banking system.’ Photo: Anirba...

Coverage Debt Crisis & NBFCs Finance General Indian Economy

Article

September 11, 2025

Thomas Franco

By pushing people to money lenders the Union Govt and RBI are implementing Manusmriti

History shows that in primitive society there was no money lending and people shared their natural resources. In India, the concept of lending has been recorded during the Mauryan age, i.e., 321–185 BCE. Kautilya’s texts mention Rnapatra, Rna panna, Rna lekhaya, which were loan-related document...

Debt Crisis & NBFCs General Indian Economy Random Reflections

Article

September 11, 2025

Anirban Bhattacharya

Loan Write-offs and Reduction in Rural Bank Branches Are Undermining Financial Inclusion in India

As the DFS gears up for its stock-taking meet, it must recall that true financial inclusion needs more public sector bank branches and staff. Soldiers and SBI officials at a PM Jan Dhan Yojana camp in rural Manipur in 2016. Photo: X/@easterncomd. It appears that a major stock-taking and brainstorm...

Coverage Debt Crisis & NBFCs General Indian Economy

Article

September 11, 2025

Thomas Franco

Reducing Small Loans from Banks – A Serious Alarm, Act Immediately

After nationalisation of 14 banks in 1969 and 6 more in 1980, access to credit became possible for small borrowers. But everything changed after 1991 and worsened after 2014. Please refer to tables from RBI over a period, given below: In 1972, credit less than Rs.10,000 was for 90.40% of borrowers a...

Debt Crisis & NBFCs General Indian Economy Random Reflections

Article

September 11, 2025

Anirban Bhattacharya

To undo the deadly noose of loan apps, RBI’s occasional warnings won’t do

A new ecosystem based on loan apps has mushroomed across India’s financial landscape over a decade, preying on those abandoned by the formal banking sector. A survey conducted by LocalCircle from July 2020 to June 2022 showed that 14 per cent of those surveyed utilised instant loan applications. Wh...

Coverage Debt Crisis & NBFCs General Indian Economy

Article

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Debt Crisis & NBFCs

Women demand basic dignity, access to credit and monitoring micro finance by States

From Credit to Crisis: India’s Women in Debt I Finance Matters, 22 August 2025 I Editorial

BULA BILL TO SAVE SHYLOCKS?

Micro Loans Are Driving an Already Forsaken Population Further Into Distress

By pushing people to money lenders the Union Govt and RBI are implementing Manusmriti

Loan Write-offs and Reduction in Rural Bank Branches Are Undermining Financial Inclusion in India

Reducing Small Loans from Banks – A Serious Alarm, Act Immediately

To undo the deadly noose of loan apps, RBI’s occasional warnings won’t do

Women demand basic dignity, access to credit and monitoring micro finance by States

From Credit to Crisis: India’s Women in Debt I Finance Matters, 22 August 2025 I Editorial

BULA BILL TO SAVE SHYLOCKS?

Micro Loans Are Driving an Already Forsaken Population Further Into Distress

By pushing people to money lenders the Union Govt and RBI are implementing Manusmriti

Loan Write-offs and Reduction in Rural Bank Branches Are Undermining Financial Inclusion in India

Reducing Small Loans from Banks – A Serious Alarm, Act Immediately

To undo the deadly noose of loan apps, RBI’s occasional warnings won’t do