Why do lenders rush where angels fear to tread

The Central Repository of Information on Large Credits (CRILC) is an electronic filing platform for exchanging business information. This platform, created by the Reserve Bank of India, draws credit information of banks with aggregate exposure of at least Rs 5 crore to borrowers. The payment history of the Bhartiya Micro Credit (BMC), a Lucknow-based non-profit microfinance company, on CRILC, reads like a puzzle. In the past one-and-a-half years many banks that have lent to it have been reporting the BMC account moving to “default” and getting “out of default” cat.....

Key stories on business-standard.com are available to premium subscribers only.

Already a premium subscriber?

Subscribe to get an across device (Website, Mobile Web, Iphone, Ipad, and Android Phone applications) access to Premium content, Breaking News alerts, Industry Newsletters, Stock and Corporate news alerts, access to Archives and a lot more.