Do you want to know: • The emerging impact of regulation on the MFI industry in India • The likely future impact on MFI financial performance of a key regulatory measure like the cap on margins • The current status of the Indian MFI industry – its operational and social performance as well as its financial status – efficiency and profitability M-CRIL Microfinance Review 2012 has a comprehensive analysis of the performance of microfinance institutions (MFIs) in India providing microfinance services to low income clients.

This year’s review is Volume 8 of a series that provides an empirical and analytical chronicle of the history of MFIs in India.

In keeping with M-CRIL’s tradition of independent research and analysis, this review is published to promote understanding of the role of microfinance in the Indian economy and to focus on the current performance of the sector in relation to financial services in the country in general.

The M-CRIL Microfinance Review can be obtained in one of two ways

•  Soft copy: Please download from There is no charge for this.
•  Hard copy (colour print): Please send an e-mail with a request to We will charge Rs500 which incorporates printing and delivery charges within India. Delivery outside the country will incur extra courier expenses