*International Institute of Professional Studies, Devi Ahilya University, Indore, India
**Institute of Management Studies, Devi Ahilya University, Indore, India
Online published on 11 December, 2013.
In southern India, the microfinance crisis was a call for steps to be taken in directions of regulation, monitoring and adopting ways to enhance efficiency of the industry which, if not regulated could have resulted in national disaster. US subprime crisis was also a result of undoubtable confidence of investors in the big banks. The present study provides some suggestions to increase the efficiency of MFIs in India including regulatory changes in repayment, awareness and loaning system, as well as recommend investment in the area of research and development, so that new products and services may also develop.
Microfinance Banks, India, Financial crisis
