MFIs' worries overstated, but it pays to be cautious: Manoj Nambiar

Manoj Nambiar spoke about how the industry is changing and why credit rating is customers' responsibility

Microfinance institutions (MFIs) have become “far more rigorous” in credit assessment and lending since the new underwriting norms came in, says MANOJ NAMBIAR, managing director of Arohan Financial Services. Nambiar, who is also vice-chairman of MicroFinance Institutions Network, spoke with Raghu Mohan about how the industry is changing and why credit rating is customers' responsibility. Edited excerpts from a video interview.

How does the microfinance sector look at this stage with talks of enhanced stress and weak rural demand?

The segment is defined as households with an annual income of less than Rs 3 lakh per annum. Given the