Recently asked the Indian Congress to analyze a distinguished panel of experts and policy recommendations on cooperative financial institutions of India (CFI), which contain organizations such as credit unions and cooperative banks. A member of the committee, R. Mohan Narayan, a senior economist at a prestigious Indian university, was enthusiastic about the work, it was a good opportunity to help millions of poor people in rural areas and have a positive effect on the country. Some poor farmers, deep … Read more »

Recently asked the Indian Congress to analyze a distinguished panel of experts and policy recommendations on cooperative financial institutions of India (CFI), which contain organizations such as credit unions and cooperative banks. A member of the committee, R. Mohan Narayan, a senior economist at a prestigious Indian university, was enthusiastic about the work, it was a good opportunity to help millions of poor people in rural areas and have a positive effect on the country. Some poor farmers who are deeply in debt to moneylenders who had been reported to commit suicide when faced with drought or other disasters, and saw little reason to go back to live on. Well-functioning CFIs would certainly help restore hope and increase incomes for the rural poor. But he knew that the system had a long history of over-regulation, financial negligence and corruption. Creating a clear and actionable strategy would not be an easy task. The case, written at the invitation of the World Bank to the challenges of building to study inclusive financial system in emerging countries, invites students to discuss 1) The roles and responsibilities of financial institutions in poverty reduction and economic development, 2) the benefits and risks of using public and private institutions to support the development and, in particular, 3) the economics of cooperatives-especially how they work in a developing country setting.
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Wei Li,
Bidhan Parmar
Source: Darden School of Business
16 pages.
Release Date: 20, August 2008. Prod #: UV1106-PDF-ENG
Raiffeisen banks in India HBR case solution

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