Satin has recently got the funding from Mudra Bank at a v competitive rate of intt.These refinancing at competitive rates takes care of some aspects of disadvantage of not getting the small bank license.Opp size remains large for MFIs n small banks both imo.

You mean other than the information in the original post? What would you like to know? What sort of movies the CEO likes, which is his favorite color, his hobbies etc?

Can we get some more information on this stock ??
Disclosure – need some more clarity before investing

Good morning friends,

Few points from my side
– Bond between MFI and borrower is stronger than what you and I have with SBI or ICICI. Especially women are very loyal customers.

• MFI usually lend in phases, say first 15000, then 30000 to 50000 to the same customer/group. So there is growth even from old Customers.

• Any MFI which is converted to small bank will have some cost and adjustment time. Not all can survive the change.

• Won’t these small banks give priority and shift to larger sum of lending?

Few more interesting links

http://swaminomics.org/don’t-cap-microfinance-lending-rates/

http://thinkninkwithsaurabhsinha.blogspot.in/2013/06/microfinance-analysis-on-how-ap-govt.html?m=1

Every industry has its pros and cons.

I am not expert in financial sector so views from experts are always welcomed.

Here is a perspective from a very season finance professional.

http://www.subramoney.com/2015/09/meeting-interesting-people/

As one can see, there is a section of people who are willing to pay even 10% interest per day for a small sum, which they in turn use, to earn their livelihood.

Access to finance is a critical factor for growth at levels of society.
Imagine this, even with so many PSU’s, NBFC’s, Private Sector Banks etc we are still a hugely under banked society so what different is a handful more of payment banks going to make to the overall pie ?

I think there is a enough business for many more institutions at these levels.