Tamal Bandyopadhyay on microfinance industry cycle

We discuss how RBI's 2022 interest rate deregulation gave lenders a freedom they arguably misused, why borrowers ended up with 14 loans simultaneously, how the JLG model is collapsing in the digital age, and what investors should actually look for before betting on an MFI stock.   If you want to understand credit cycles from first principles, this one's for you.   Video Mentioned - Has the microfinance credit cycle turned? | Who said what? S2E37 0:00 Introduction 1:38 What is Microfinance? (RBI Definition & Categories) 6:16 Why Microfinance is Prone to Credit Cycles 16:12 The Role of Fintechs & Hidden Credit Exposure 21:15 JLG Model Breakdown & Digitization 25:42 Interest Rate Deregulation & the Recent Credit Crisis 34:42 What Investors Should Look For in MFI Lending 40:07 The Future of MFI: Business Correspondents & New Models