I am a career banker from 1971. I joined State Bank of India in Hyderabad and had long career of 21 years. I retired voluntarily as Chief Manager in 1993. I took to teaching students at MBA level since 1999. I have seen dramatic changes in last four decades in the banking industry in India. I invite all like minded people in the fraternity to share their views frankly for wider debate of issues.

Sunday, August 22, 2010

Spandana Microfinance IPO to raise Rs 1500 Crore - India Microfinance Business News

Spandana Microfinance IPO to raise Rs 1500 Crore - India Microfinance Business News

Hardly less than a month back SKS made a record by inviting the public investors with an IPO. It was well received by the market and all seems to be going well. Only RBI and Govt / SEBI are watching the scene how to regulate the MFIs in India. The proposed Act has been hanging with the Parliamentarians for past three years (if it was a bill to treble their salaries, they do it in 24 hours only).

Spandana, the second largest MFI is now coming forward with another huge IPO. It is time for the regulators to wake up before another mushrooming like NBFCs in mid-nineties. We may have to wait and watch for developments with our fingers crossed.

posted by Dr Chowdari Prasad at 9:21 AM

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