Former Reserve Bank of India governor Duvvuri Subbarao has said that there are several challenges that need to be addressed before the Indian economy could take off. “India’s growth story is not inevitable,” he said. He was delivering the inaugural anniversary lecture: “India: Will the Elephant s…
Tag: Tamal Bandyopadhyay
Big challenges before small finance banks
Ujjivan Small Finance Bank Ltd, the fifth such bank in India and the largest among the five in terms of their small loan portfolio, will make its formal debut on Monday after running a pilot programme in five of its microfinance branches in Bengaluru. Professor Muhammad Yunus, a microfinance pion…