CURRICULUM VITAE

of
M S SRIRAM
www.mssriram.in

Personal
DATE OF BIRTH: 16 May 1962

CONTACT:

Office: 002, Ground Floor, Faculty Block E

Indian Institute of Management,
Bannerghatta Road, Bangalore 560076
Phone: 91-80-2699-3284; Fax: +91-80-2658-4050

Residence Sri Shankara

No. 3, Fourth Main Road
Chamarajapet, Bangalore 560018
Phone: +91-94480-92450; +91-80-26601624; [R]
Email: mssriram@gmail.com

LANGUAGE PROFICIENCY:
Read, Write and Speak: English, Hindi, Kannada and Telugu
Speak Only: Tamil
Working Knowledge of Gujarati

EDUCATION:

Fellow, Indian Institute of Management, Bangalore 1992,. Fellowship Dissertation was on building a bankruptcy
prediction model for rural co-operatives using the accounting data of village level co-operatives.

Post Graduate Diploma in Rural Management (PGDRM) from Institute of Rural Management, Anand (IRMA), 1984

B.Com (MES College, Bangalore University), 1982.

WORK EXPERIENCE:

Current: Visiting Faculty Indian Institute of Management, Bangalore [Full time]

Visiting Professor, Indian Institute of Management Udaipur
Distinguished Fellow, Institute of Development and Research in Banking Technology

Teaching:
1. Rural Banking and Financial Inclusion (Customers and Institutions) for PGP
2. Rural Banking and Financial Inclusion (Institutions and Policy) for FPM
3. Business, Non-Profits and Society for PGP with cross registration from other programmes.
4. Public Policy and Analysis
5. Business Government and Society

Research:

1. The feasibility and desirability of small finance banks. This research reviews the performance of Regional Rural
Banks, Urban Co-operative Banks and Local Area Banks over time to see whether small finance banks are
feasible, whether they address the issue of financial inclusion meaningfully and also examines the structure that
is most appropriate to sustainably address the financial services needs of the poor under a regulated environment.
2. Understanding the typology of low-income settlements and the dynamics of in-migration into Bangalore (with
Anirudh Krishna of Duke University). This project involves using satellite images to map out low income
settlements of Bangalore, undertaking the ground-truthing exercise, and a household survey. The objective is to
 understand the emergence of low income settlements as well as livelihood coping strategies. This project is being
undertaken with the collaboration of Jana Urban Foundation.
3. Proposed: Study of the coping strategies of independent motorbike garage owners. The study would examine a
set of people who are on the cusp between the formal and the informal systems. The idea is to understand how
the changing technology is affecting the roadside informal repair shops and its implication on household finance.
This study is proposed to be done in active collaboration of the bike garage owners association in Bangalore.

Other Positions:

Current:
Member, Editorial Board of Vikalpa [The Journal for Decision Makers]
Member, Editorial Adviosry Board Journal of Agribusiness in Emerging Economies
Member, High Level Financial Inclusion Advisory Committee, Reserve Bank of India
Independent Director, NABARD Financial Services Limited [NABFINS]
Independent Director, NDDB Dairy Services
Member, Advisory Board of Dastkar Andhra Marketing Association
Member, Board of Trustees of Pratham Books
Trustee, Dastkar Andhra
Member, Governing Council, Centre for Microfinance, Rajasthan
Board Member, National Centre for Sustainable Community Systems, Lal Bahadur Shastri National Academy of
Administration, Mussoorie.

Past
Member, Editorial Committee, Journal of Emerging Financial Markets
Member, Editorial Committee of Rural Finance Learning Centre an online resource maintained by FAO of the
United Nations (www.ruralfinance.org)
Visiting Professor, Centre Emile Bernheim, Solvay Brussels School of Economics and Management, Brussels,
Belgium
Visiting Professor, SP Jain Centre of Management, Singapore/Dubai
Visiting Professor Ahmedabad University
Visiting Professor Azim Premji University
Visiting Professor, Adani Institute of Infrastructre Management
Member, Board of Governers, Institute of Rural Management Anand [IRMA]
Member, Committee for Future Directions [set up by the board of IIMA]
Member, Advisory Group on Financial Inclusion, Ministry of Finance, Govt of India
Member, Advisory Group on Microfinance, Ministry of Finance, Govt of India
Member, Advisory Council on Financial Inclusion and Payment Systems, UIDAI
Member, Committee on Long Term Co-operative Credit Structure, Ministry of Finance, Government of India.
Independent Director, Union Bank of India
Independent Director, Microfinance Investment Support Facility for Afghanisthan [MISFA Ltd]
Independent Director, Madhya Gujarat Vij Company Limited
Independent Director, Sanghamithra Rural Financial Services
Member, Governing Council, SIDBI Foundation for MicroCredit
Independent Director, Streenidhi Credit Co-operative Federation Limited
Director and Member, Executive Committee CIIE Initiatives [an initiative of IIMA]
Independent Director and Member, Rating Committee MicroCredit Ratings International Limited, Gurgaon.
Independent Director, Access Development Services
Independent Director, Grassroots Innovation and Augmentation Network, Ahmedabad
Member, Advisory committee, International Centre for Finance, PSG Institute of Management, Coimbatore
Independent Director, Sewa Trade Facilitation Centre, Ahmedabad
Independent Director, Rudi Multi Trading Company Limited
Independent Director, Advisory Board, Cohesion Foundation Trust, Ahmedabad.
Trustee and Treasurer, Education Support Organization, Ahmedabad.
Member, Selection Committee, for evaluation and listing of NGOs on the ICICICommunities.org portal managed
by GIVE Foundation, Ahmedabad.
Member, Governing Council of Bankers Institute of Rural Development Lucknow
 Invitee, College Advisory Committee, College of Agricultural Banking, Reserve Bank of India, Pune
Member, Advisory Committee on Ajeevika National Rural Livelihoods Mission
Member, Co-ordination Committee on Ajeevika National Rural Livelihoods Mission
Member, Grameen Vikas Innovation Council, Ministry of Rural Development, Government of India
Member, Technical Advisory Committee, SFMC Impact Assessment Study, EDA Rural Systems, Gurgaon, India.
Member, Project Review Committee, Jeevika Project implemented by SEWA, Ahmedabad and funded and
supported by International Fund for Agriculture Development, World Food Program, Government of India and
Government of Gujarat.
Member, Project Advisory Committee, Capacity Building for Microfinance Institutions carried out by Friends of
Womens World Banking and supported by USAID.

2010-2012
Independent Consultant and Adjunct Professor, IIM Ahmedabad and Adjunct Professor, IIM Indore.

2009-2010:
ICICI Bank Lalita D Gupte Chair Professor in Microfinance and Chairperson, Finance and Accounting Area, Indian
Institute of Management, Ahmedabad

2005-2009 Professor, Centre for Management in Agriculture, Indian Institute of Management Ahmedabad

2000-2005 Associate Professor, Centre for Management in Agriculture, Indian Institute of Management, Ahmedabad

Teaching: Teaching responsibilities include Financial Reporting and Analysis, an elective on Social Entrepreneurship for
the Post Graduate Programme; an elective on Rural Banking and Financial Inclusion for Doctoral students and an Elective
on Microfinance Management for PGP-ABM. Teaching responsibilities also include coverage of accounting and finance
in several short duration programmes.

Adiminstration:
Chairperson, Finance and Accounting Area
Member, Executive Committee of PGP-ABM (Agribusiness Management Programme)
Member, Perspectives and Planning Committee
Co-ordinator, Management Education Programme
Co-ordinator, Small and Medium Enterprises Programme
Co-ordinator, CMA Seminar/Interaction series.
Member, Executive Committee, Management Development Programmes
Member, Executive Committee, Faculty Development Programme
Member, FPM Exceutive Committee, and FPM Co-ordinator for CMA
Member, Library Committee
Member, Computer Services Committee
Member, Executive Committee of PGP-PMP (Public Management and Policy)

June 2006 to March 2007:

Visiting Faculty, Centre for Public Policy, Indian Institute of Management, Bangalore.
During the tenure, I taught courses on Financial Accounting, Microfinance and Social Entrepreneurship. Was involved
in planning for the annual public policy conference, including arranging for sponsorship and a part of the core team
reviewing papers submitted to the conference.

November 1999 to April 2000:

Independent Consultant, based in Hyderabad. During the six months, I concluded an assignment for the Department for
International Development (DFID), Govt. of UK on the study of Business Development Services for Small Enterprises,
assisted Sewa Bank in Financial and Strategic Planning as a consultant to New Economics Foundation (NEF), London,
and worked on the Accounting Systems for Mutually Aided Co-operative Societies promoted by Co-operative
Development Foundation (CDF).

April 1997 October 1999:

Vice President (Finance and Information), BASIX a pioneering institution in the field of microfinance and rural livelihood
promotion. My responsibilities included the overall management of accounting and finance; mobilisation and utilisation
of resources, co-ordination of research and overall management of information systems.
As Vice President, I was actively involved in Financial Modelling for the group, negotiations with the international as well
as domestic investors including the Ford Foundation and IFC, Washington. I was involved in Corporate Finance Function
including treasury and statutory compliance. Being the first chief of the Finance Division, I set up the internal control
systems of the department. I was also responsible for information systems within the company.

1992-98:
Assistant Professor (1992-95) Associate Professor (1995-98) at Institute of Rural Management, Anand

Teaching: At IRMA I taught two core course - Management Accounting I, and Management of Rural Co-operatives, and
one elective - Financial Models in Credit Rating.

Research: The main areas of research was in Bankruptcy Prediction, Credit Assessment Models, Strategies in Co-
operative Capital Formation and its implication for policy and design of organisations, Co-operative Policy and Business
Planning Practices.

Administrative Responsibilities: Member of the PRM Committee (The academic committee of the PG Programme, 1992-
96), Co-ordinator of Management Traineeship Segment of the PG Programme (1992-94), Placement Co-ordinator (1995-
96), Member on the Committee for Research, Publications & Seminars (1996), Webmanager for the IRMA Homepage
on the Internet (1996).

1984-86:
Development Officer, Samakhya (Presently known as Co-operative Development Foundation [CDF]). Responsibilities
included grass-roots work with primary agrico-ops. Main responsibilities were in policy analysis and business counselling
for primary co-operatives in facilitating planning of activities, streamlining of accounting systems and training of
functionaries.

OTHER ASSIGNMENTS

June-August 1999:
Visiting Faculty at the Indian Institute of Management Bangalore. During the tenure, taught Management Accounting I
for the students of the Post-Graduate Programme.

September-November 1990 and September-November 1991:

Visiting Fellow at the from Institute of Rural Management, Anand Specifically invited by IRMA to design and deliver a
course titled Co-operative Institutions for Development.

Publications:

Books:
Beyond Micro-Credit: Putting Development Back into Microfinance (With Thomas Fisher), New Delhi: Vistaar
Publications, 2002.
Flow of Credit to Small and Marginal Farmers (With Samar Datta) Oxford and IBH Publishers New Delhi, 2006.
Perspectives on Flow of Credit to Small and Marginal Farmers [With Samar Datta] Allied Publishers New Delhi,
2012.

Papers: International, Refereed

Business Development Services for Small Enterprises A study of Hyderabad, India (With SJ Phansalkar) Small
Enterprise Development Vol.12, No.2, June 2001. London: ITDG Publishing. (The paper was earlier presented at
the BDS Conference, April 2000, in Hanoi, Vietnam.

The Transformation of Microfinance in India: Experiences, Options and Future (With Rajesh Upadhyayula) Journal
of Microfinance. Vol.6, No.2.

Productivity of Rural Credit: A Review of Issues and some Recent Literature. International Journal of Rural
Management, Vol 3(2), 2007.
 Too Big to Fail versus Too Small to be Counted [2012]: (With Vaibhav Chaturvedi and Annapurna Neti) Published
in Financial Sector Regulation for Growth, Equity and Stability. BIS Papers No 62. Geneva: Bank for International
Settlements.

Slum Types and Adaptation Strategies: Identifying Policy-Relevant Differences in Bangalore (With Anirudh Krishna
and Purnima Prakash) Environment and Urbanisation. 26 (2). Pp 565-585.

Papers: National, Refereed

Financial Co-operatives in Quebec, Canada: A Study of the Desjardins Movement

Journal of Rural Development, Vol.19, No.2, April-June 2000. Hyderabad: National Institute of Rural Development.
An earlier version of the paper titled "Desjardins: The co-operative Movement of Quebec, Canada is available on-
line.

Member Funds and Co-operative Performance (With Rajesh Agrawal, KV Raju, K Prathap Reddy and R Srinivasan)
Journal of Rural Development, Vol.22, No.1, Jan-March 2003. Hyderabad: National Institute of Rural Development.

Microfinance and the State: Exploring areas and structures for collaboration Economic and Political Weekly, Vol.40,
No.7, April 23, 2005. pp. 1699-1703.

Information Asymmetry and Trust: A Framework for Studying Microfinance in India Vikalpa, Vol30, No.4. October-
December 2005.

Financial Status of the Poor: A Study in Udaipur District (with Smita Parhi) Economic and Political Weekly, Vol 41.
No.51. December 23, 2006.

Conditions in Which Microfinance Has Emerged in Certain Regions (with Radha Kumar) Economic and Political
Weekly Vol.42, No.49. December 8 -14 2007.
th

Commercialisation of Microfinance in India: A Discussion on the Emperors Apparel Economic and Political
Weekly, Vol XLV, No.24. June 12, 2010.

Identity for Inclusion: Moving beyond Aadhar Forthcoming in Economic and Political Weekly XLIX, No.28, July
12, 2014. Pp.148-154.

Book Chapters in Academic Books

Capital Formation Strategies of District Level Dairy Co-operative Unions in Gujarat (1992) (With K Prathap Reddy
and Rajesh Agrawal) Published in Rajagopalan, R (Ed.): Rediscovering Co-operation Vol-II. Anand: Institute of
Rural Management. (The paper was presented in the National Seminar on Rediscovering Co-operation held in
November 1996).

Strategies for Financial Co-operatives in the New Millenium (2000) in Reddy, Prathap. K and Singh, Katar (Ed):
Designing and Managing Rural Development Organisations. Delhi: Oxford and IBH Publishing Co. (The paper was
presented at the National Symposium on "Building and Managing Organisations for Rural Development in the New
Millennium", held at IRMA in December 1999.

Business development service for small enterprises: A Case study of Hyderabad (With Phansalkar, SJ) (January
2002) Published in Levitsky, Jacob (Ed): Small Business Services in Asian Countries: Marketing Development and
Performance Measurement. London: Intermediate Technology Development Group Publishing.

ICICI Bank, India (2004) (With Tara Nair and Vishwanath Prasad) Published in Harper, Malcolm and Arora
Sukhwinder Singh (Ed): Small Cutomer, Big Market: Commercial Banks in Microfinance . London: Intermediate
Technology Development Group Publishing.

Expanding Financial Services Access of the Poor: The Transformation of Spandana (2008) Published in Sujatha B
(Ed): Financial Inclusion Concepts and Strategies. Hyderabad: ICFAI University Press.
 Credit to Small and Marginal Farmers in India (With Samar Datta) (2008): Published in Deshpande Et. Al., (Ed):
Glimpses of Indian Agriculture: Micro and Macro Aspects (Vol 1). New Delhi: Academic Foundation.

Innovations in Rural Finance: The Road Ahead (2008): Published in Sohani, AK and Rao, Kasturi Nageswara (Ed):
Innovations in Banking: Some New Concepts and Cases. Hyderabad: ICFAI University Press.

Papers in non-refereed journals, book chapters in reports, round tables, commentaries, invited articles of academic nature

Sickness in Agrico-ops
Sahakarita Sanshodhan Vol.VI, No.2, July-December 1992. (The paper was earlier presented at the Eleventh National
Convention on Studies in Co-operation held in 1990)

Feasibility Study of the Co-operative Sector: An approach paper for HIVOS (February 1992)
Published in: Fernandes, Reena (Ed.): Proceedings of the Conference on Future of Co-operatives in India. Technical Report Series
1.3, Bangalore: HIVOS RO.

Agricultural Commodity Co-operatives in India (February, 1992)

Published in Fernandes, Reena (Ed.): Proceedings of the Conference on Future of Co-operatives in India. Technical Report Series
1.3, Bangalore: HIVOS Regional Office. (The paper was earlier presented in the conference held in January 1993)

Term Financing in Agriculture: Case Studies in India (2003) Published in Term Financing in Agriculture: A Review
of Relevant Experiences, FAO Investment Centre Occasional Paper Series No. 14, Part 4, Vol II pp.111-126. Rome:
Food and Agriculture Organization of the United Nations.

Round Table on Microfinance (consisting of and Introduction and a Discussion) (With R Srinivasan) IIMB
Management Review Vol.15, No.2, June 2003. Bangalore: Indian Institute of Management.

Rural Finance in Contemporary Times: Interface with Microfinance (with R Srinivasan): Vikalpa, Vol 30, No.2. April-
June, 2005.

Recommendations of the Task Force on Revival of the Co-operative Credit Structure: Implementation Issues
Economic and Political Weekly Vol.51. No.4 January 28,2006.

Innovations in Rural Finance: The Road Ahead Chartered Fianancial Analyst, Vol. 11 No.01, August 2007.

Commercialisation of Microfinance Yojana Vol.52, No.1 January 2008.

The Politics of Loan Waivers Transforming India July-Septermber 2008.

Agrarian Distress and Rural Credit: Peeling the Onion (2008): Published in Datta, Sankar and Sharma, Vipin (Ed):
State of Indias Livelihoods: The 4P Report. New Delhi: Access Development Services.

Rural Management Education in India: A Retrospect. Sewa Mandir Newsletter June 2008

Microfinance: A Fairy Tale Turns into a Nightmare: Economic and Political Weekly, Vol XLV No.43 October 23,
2010

Microfinance Industry in India: More Thoughts Discussion Paper, Economic and Political Weekly, Vol XLVI No.50,
December 10, 2011

The Bumpy Ride of Indian Microfinance: Some Reflections (2013): Published in Harper, Malcolm; Sharma, Vipin
and Arya, Vibhu (Ed): Crests and Troughs: Microfinance in India:. New Delhi: Access-Assist.

Remembering Baviskar, Revisiting Co-operation Perspectives, Economic and Political Weekly, XLVIII, No.28, July
13, 2013. Pp.22-24.

Ananthamurthy and URA. Commentary, Economic and Political Weekly, XLIX, No.39, September 27, 2014. Pp.24-
26.
Cases published in Refereed Journals:

Nagar Panchayat Hospital (A) (With Divya Jairath and Prashant Sinha)
Vikalpa, the Journal for Decision Makers Vol.20, No.4 October-December 1995 Ahmedabad: IIMA.

Nagar Panchayat Hospital (B) Vikalpa, The Journal for Decision Makers, Vol. 26, No.1 January-March 2001.
Ahmedabad: IIMA

TVAHelp.Com (With K Kumar) Asian Case Research Journal, Vol 8, No.1, June 2004.

The AP Microfinance Crisis 2010: Discipline or Death Vikalpa Vol.37, No.4, October-December 2012

Other Cases

Accounts Ambiguity Business Today August 7-21, 1996.

Agricare Corp No.IIMA/F&A-460 Mimeo: IIM, Ahmedabad, 2000.

International Conference on Literature No.IIMA/F&A-461 Mimeo: IIM, Ahmedabad, 2001.

Birla 3M Limited No.IIMA/F&A-462 Mimeo: IIM, Ahmedabad, 2001.

Daizy Healthcare (A) No.IIMA/F&A-463 Mimeo: IIM, Ahmedabad, 2001.

Daizy Healthcare (B) No.IIMA/F&A-464 Mimeo: IIM, Ahmedabad, 2001.

Footwear India Limited No.IIMA/F&A-466 Mimeo: IIM, Ahmedabad, 2003.

Dastkar Andhra Marketing Association: Weaving Lives [With Ankur Sarin]: No.IIMA/PSG-0111 Mimeo: IIM,
Ahmedabad 2012.

Engineering Equipment and Electronics Mimeo: IIM, Ahmedabad, 2003.

FMCG International (Forthcoming, IIM Ahmedabad)

Case Analysis:

Rickshaw Bank: Time to take a Call Case Analysis, Vikalpa Vol.36, No.4, October-December 2011.

Working Papers and Papers Presented At Conventions/Symposia

Building Bridges between the Poor and the Banking System: A Study of Sanghamithra Rural Financial Services WP
No. 2004-05-02, Ahmedabad: IIMA, 2004

Community at the Core: A Study of Sarvodaya Nano Finance Limited (with Akhileshwar Pathak) Working Paper
No. 2004-10-04. Ahmedabad: IIMA, 2004.

The Anxiety of Growth in Microfinance Foundation Day Lecture Delivered at Dhan Foundation on October 02,
2010. Madurai: Dhan Foundation.

Profits or Purpose: The Dilemma of Social Enterprises Working Paper No. 2011-08-02. Ahmedabad: IIMA, 2011.

Indicators of Performance in Co-ops: A Review of Methodological Issues and Empirical Results. (with T P
Gopalaswamy) (1992) Paper for Workshop on Accounting, Financial Planning & Control, Symposium on
Management of Rural Co-operatives, IRMA, Anand.
 Business Planning Practices in Agricultural Co-operatives: Theme Paper (1992). Presented for the Workshop of the
same title at the Symposium on Management of Rural Co-operatives, IRMA, Anand.

Achieving Mutuality: Business Planning Processes in an Loosely Embedded Federal Structure. (1992). Paper for the
Workshop on Business Planning in Agricultural Co-operatives, Symposium on Management of Rural Co-operatives,
IRMA, Anand.

Business Development Services for Small Scale Enterprises in India: A Case Study of Hyderabad, Andhra Pradesh
(With SJ Phansalkar). Paper presented the the BDS Conference, April 4-7, 2000, Hanoi, Vietnam.

Transformation of Microfinance in India: Experiences, Option and Future, (With Rajesh S Upadhyayula) Paper
presented at the SIDBI workshop on Key Dimensions in Transformation from NGOs to Formal Institutions,
th th
Held at the Indian School of Business Campus 12 to 14 December 2002.

Microfinance and the State: Exploring new areas and structures of collaboration. Paper Presented at the Sa-Dhan
th
Annual Conference, 12 September 2003.

Reddy, Prathap, Srinivasan R, Sriram MS and Raju K V: Democratic Governance and Member Capital Stake in Co-
operatives. (With Prathap Reddy, R Srinivasan and KV Raju) Paper presented at the IRMA Silver Jubilee
Symposium of Governance, December 2004.

Conditions in Which Microfinance has Emerged in Certain Regions and Consequent Policy Implications, (with
Radha Kumar) Paper Presented the the High Level Policy Conference on the Future of Microfinance in India.
Delhi: 04-06 May, 2005.

Recommendations of the Task Force on Revival of the Co-operative Credit Structure: Implementation Issues.
Paper presented at the Roundtable on Co-operative Banking, College of Agricultural Banking, Reserve Bank of
India. Pune: December 10. 2005.

Productivity of Rural Credit: A Review of Issues and some Recent Literature. Paper presented at the National
Symposium on Farm Credit for Inclusive Growth, College of Agricultural Banking, Reserve Bank of India. Pune:
January 12-13, 2007.

Capital Formation and Agricultural Growth: The Need for Strategic Approach and Policy Re-Focus. Paper presented
at the National Seminar on Risk Management in Agriculture, College of Agricultural Banking, Reserve Bank of India,
Pune: June 26-27, 2008.

Too Big to Fail Versus Too Small to be Counted: Implications of Equity for Regulation of the Financial Sector in a
Post Crisis World. [With Vaibhav Chaturvedi and Annapurna Neti] Paper for The International Conference on
regulation for growth equity and stability, November 15-16, 2011, Organized by Centre for Advanced Financial
Research and Learning, Mumbai.

Slum Types and Adaptation Strategies: Identifying Policy-Relevant Differences in Bangalore. (With Anirudh
Krishna and Purnima Prakash), Paper presented at the International Workshop on Living in Low-income Urban
Settlements in an Era of Climate Change: Processes, Practices, Policies and Politics, Manchester, 9-10 September
2013.

CONFERENCES
Attended the International Conference on Credit Rating on August 30-31, 1994, Organised by ICRA Delhi.

Attended the International Conference on Investor Protection on August 31- September 01, 1995, Organised by
ICRA, Bombay.

Invited by the FAO Headquarters to attend and make a presentation at the International Technical Meeting on
Capital Formation November 8-10, 1995 Rome.
 Attended the BancIT99 The Banking Technology Conference organised by Infosys, Bangalore on July 2-3, 1999.

Invited to a workshop on Structure and feasibility of a Gurantee Fund for Microfinance December 1-2, 2000, Pune,
Organised by Mcril and National Institute of Bank Management.

Invited to Chair a session on Credit and Agricultural Growth in the National Seminar on Productivity in Indian
Agriculture, September 01 and 02, 2011 at College of Agricultural Banking [RBI] Pune.

Articles:

The proof of the pudding is in the rating Economic Times June 30, 1995

Credit rating agencies and exotic instruments Economic Times July 8, 1995

Spinning off from Tasar: Field Notes from Pradans tasar programme and pointers to the future. Newsreach, August
2002.

What is wrong with Indian Microfinance Forbes India May 21, 2010.

Amuls Non Co-operative Movement Forbes India September 02, 2010

Are MFIs Showing Shylockian Streak? Economic Times October 12, 2010

Microfinance Reborn: An Agenda for reinvention and reincarnation: [With Narayan Ramachandran] Mint
December 13, 2010

What Malegam cannot do Business Standard December 18, 2010

Microfinance: Misunderstood and Malegamed Mint January 21, 2011.

Collateral Effect: Global Shortage, Local Impact [With B Syama Sundari] Business Standard January 30, 2011

Microfinance Policy: Rewind or Turnaround Business Standard March 02, 2011

The Dilemma of Leadership Transitions Mint, March 21, 2011

Small Change, Big Change Change for Better, April-June 2011. P.55-56.

Microfinance after Malegam Mint, May 12, 2011

Malegams Microfinance: The Last Laugh Forbes, May 21, 2011

Should we pick the Microfinance Bill Economic Times, July 15, 2011

A Regulatory System for NBFCs Mint, September 09, 2011.

An Incomplete Story from the Microfinance World Mint, October 21, 2011

Regulating Co-operative Banks Mint October 31, 2011

Why we do not need a microfinance Bill Mint December 05, 2011

Governance Lessons from SKS Mint December 13, 2011

Curbing an Alternative Mint January 24 2012

th

Social Enterprises in Microfinance Business Today [Online Edition] January 31, 2012
 An Incomplete Banking Push, Economic Times, February 06, 2012

The Year of Co-operatives, A Year for Localisation, Mint February 09, 2012

Priority Sector Lending Dilemmas, Mint, March 02, 2012

Killing with Kindness, Economic Times, April 05, 2012

The End of Financial Inclusion, Mint, April 13, 2012

The Finance Ministrys Writ, Mint, July 24, 2012

Kurien: The Man Who Redefined Business Mint, September 10, 2012

Microfinance: Rewind and Play Mint, November 27,2012

RBIs Inclusion and Ministrys Exclusion Agenda Mint, November 30, 2012

Hold the Cash Transfer Euphoria Economic Times December, 14, 2012

Corporate Ethical Responsibility Business Today, January 06, 2013

Kutch Artisans Dilemma: To Open or Not to Open Economic Times February 12, 2013

Limits of Credit Indian Express, February 20, 2013

New Bank Licences: The Meaning of Inclusion Mint, March 04, 2013

Structuring Populism Deccan Herald, July 07,2013

A hundred small, considered steps Mint, October 05, 2013

Why the Nachiket Mor committee report disappoints Mint, January 10, 2014

A Fresh Start for Microfinance Indian Express, February 11, 2014

Governance Reforms in Banks: The Nayak Committee Report Business Today [Online Edition] May 20, 2014

Small Banks: Lessons from local area banks Mint, July 26, 2014.

Do we need more IIMs: Better to Expand Existing Ones Deccan Herald, July 27, 2014

Jan Dhan: an old scheme repackaged Mint, September 08, 2014.

Book Reviews:

Review of The Colors of Violence: Cultural Identities, Religion and Conflict By Sudhir Kakar (1995) in
Contemporary South Asia, Vol.6, No.2, Bradford: University of Bradford, Carfax Publishing Ltd, UK.

Review of Hyderabad: Memoirs of a City by Narendra Luther (1997) in Contemporary South Asia, Vol.6, No.2,
Bradford: University of Bradford, Carfax Publishing Ltd, UK.

Review of Credit and Banking: What Every Small Entrepreneur (and Banker) Must Know By K C Nanda (2000),
in IIMB Management Review Vol.12, No.3, Bangalore: IIMB.

Review of Rural Credit and Self-Help Groups: Microfinance Needs and Concepts in India (2000) in IIMB
Management Review Vol.12, No.4, Bangalore: IIMB.
 Review of Understanding the Consumer (2004) Journal of Enterpreneurship.13(2), New Delhi: Sage Publications.

Review of Managing Indias Small Industrial Economy: The Catalytic Role of Industrial Counsellors and Policy
Makers 14(2), Journal of Entrepreneurship. New Delhi: Sage Publications.

Review of Microcredit, Poverty and Empowerment: Linking the Triad (2005) in Vikalpa Vol 30, No 4. Ahmedabad:
IIMA.

Review of The Poor Always Pay Back: The Grameen II Story (2006 Vol. 42(21). Economic and Political Weekly.
Mumbai: Sameeksha Trust.

Review of A Fistful of Rice [2010] Business Standard Delhi, December 9, 2010.

Review of Lords of Strategy:The secret intellectual history of the new corporate world [2011] Business Standard
January 15, 2011.

Review of Brick by Red Brick: Ravi Matthai and the Making of IIMA [2011] Business Standard September 8 2011.
th

Review of Dare to Lead: The Transformation of Bank of Baroda [2011] Vikalpa, Vol.36, No.4. Ahmedabad: IIMA.

Review of God Save the Dork, [2011]Business Standard, December 22 2011.

nd

Review of The IIMA Story: DNA of an Institution [2012] Business Standard, January 18 2012.
th

Review of Infinite Vision: How Aravind Became the Worlds Greatest Business Case for Compassion [2012]
Business Standard, February 18 , 2012.
th

Review of Corporate Champions [2012] Business Standard, March 07, 2012

Review of Customer in the Board Room [2012] Business Standard, April 25, 2012

Review of TheWide Lens: A New Strategy for Innovation [2012] Business Standard, May 16, 2012

Review of The October Coup: A Memoir of the Struggle for Hyderabad [2012]: Business Standard, June 15, 2012.

Review of Startup Asia: Top Strategies for Cashing on Asias Innovation Boom [2012] Business Standard, July 13,
2012.

Review of What Money Cant Buy: The Moral Limites to Markets [2012], Business Standard, July 21, 2012.

Review of In-Sight: Sankara Nethralayas Passion for Compassion [2012], Business Standard, August 08, 2012.

Review of Poor Little Rich Slum (2012), Business Standard, August 22, 2012.

Review of Microfinance in India: Issues, Problems and Prospects [2012] Vol XLVII Nos 48 and 49, Economic and
Political Weekly, December 01, 2012, Mumbai: Sameeksha Trust

Review of The Resurgence of Satyam: Global IT Giant [2012], Business Standard, November 28,2012.

Review of The State of our Cities (2012), Vikalpa, Vol. 38, No. 1, Ahmedabad: IIMA.

Review of The Locust and the Bee: Predators and Creators in Capitalism's Future Business Standard April 12,
2013

Review of Conscious Capitalism: Liberating the Heroic Spirit of Business Business Standard April 26, 2013
 Review of Global Tilt: Leading your Business through the Great Economic Power Shift Business Standard June
01, 2013

Review of Mass Flourishing: How Grassroots Innovation Created Jobs, Challenge and Change Business Standard
December 06, 2013

Review of Banking on Self-Help Groups: Twenty Years On Mint, December 09, 2012

Review of Floating City Business Standard, December 25, 2013.

Review of The Butterfly Defect (That Unsettling Feeling Called Globalisation) Business Standard, June 18, 2014

Projects and Consulting Assignments

CONSULTING ASSIGNMENTS

Review of Performance of Local Area Banks and Implications for Small Banks (Access Development Services, New
Delhi)

Design and approach for Financial Inclusion module of the National Rural Livelihoods Mission (World Bank and
the Ministry of Rural Development, Government of India]

Enhancing Financial Services Access to SHG Women: Institutional and Policy Options [With CS Reddy of
APMAS]
The study was undertaken for Society of Elimination of Rural Poverty, Government of Andhra Pradesh to examine
the possibility to setting up an apex financial institution for funding of self-help groups.

Improving Programme Effectiveness: A Case Study of Micro, Small and Medium Enterprises Financing and
Development Project
The study was undertaken for the World Bank for internal learning purposes and examined the logic of design and
roll out of the project in order to understand the larger principles involved in designing larger projects at the National
Level.

Impact Study of Self-Help Groups associated with Kalanjiam Movement, Tamilnadu

The study which was done for Kalanjiam Development Financial Services / Sir Ratan Tata Trust looked at the
developmental impacts of self help groups promoted by the Dhan collective in Tamilnadu and Karnataka States.

Impact Study of Dastkar Andhra Marketing Association

DAMA has been working with handloom weavers for a while. The study looked at the organizational effectiveness
of their intervention in the marketing function of weavers co-operatives.

Growth and Equity (Design of strategy and organizational structure for the proposed microcredit initiative of GMR
Varalakshmi Foundation)
GMR Varalakshmi Foundation has been set up by a large industrial house having interests in banking, construction
and education. The project was undertaken for their non-profit wing to see prospects of their intervention in
geographies that they currently work.

Indian Banks Prospects and Assessment of Rural Credit

Client: Indian Bank
The study involved a survey of respondents in the service area of rural branches of Indian Bank in order to advise
them on a strategy to increase their market share in the rural areas and design innovative products to reach out to
more customers.

Sakh se Vikas The Rajasthan Microfinance Initiative: Review of the PEDOs Microfinance Programme
Client: Sir Ratan Tata Trust
The study looked at the state of microfinance in the Mewad region of Rajasthan and reviewed the prospects for
increasing the outreach of the programme through institutions like Peoples Education and Development
Organisation.
 Transaction Costs of Micro Financial Services to the Poor: A Comparative Analysis of Different Models
Client: ICICI Bank
The title of the study is self-explanatory. ICICI Bank has different models of delivery of microfinancial services and
the MFIs it deals with also have varied models of delivery of microfinancial services. The study was to look at the
entire channel.

Financing Livelihoods: Providing Superior Access to Financial Services (Design of Community owned Financial
Institutions for Velugu Project).
Client: Government of Andhra Pradesh
The study reviewed the market for setting up an community owned financial institution, which could provide financial
services in addition to the banking system to augment the access to financial services for the poor. Based on the need,
the study also suggested the design of such an organisation

Mid-Term Review of National Microfinance Support Programme of DFID Implemented by SIDBI Foundation
for Micro-credit
Client: Department for International Development, Govt. of UK
The study looked at the implementation of the microfinance support programme and how SIDBI had impacted the
microfinance environment in the country.

Review of Experiences in Computerising Agricultural Co-operatives in Asia: Problems Encountered and Lessons
Learned
Client: Food and Agriculture Organization of the United Nations (FAO)
The report contains two case studies from Gujarat It looks at one co-operative in a federated structure and another
as a stand-alone integrated co-operative. It draws inferences on the process of automation in these co-ops and draws
implications for the approaches to computerisation.

Mid-Term Review of Velugu Project

Client: World Bank and Government of Andhra Pradesh
The study looked at the implementation of one of the largest poverty allievation projects at the State level. The terms
included looking at systems, organisational structures and delivery effectiveness.

Better Practices For Term Lending to Agriculture: Case Studies from India
Client: Food and Agriculture Organization of the United Nations (FAO)
The study involved looking at four innovative experiments in term lending for agriculture. The study looked at the
present state of art in term lending and drew crosscutting conclusions on the most significant concerns in term credit
looking at aspects of practical replicability.

Business Development Services for Small Scale Enterprises: A Study of Hyderabad, India
Client: Department for International Development, Government of UK
The study looks at the business development services that the urban based small enterprises seek and profiles the service providers
in and around the city of Hyderabad.

Design of Accounting Systems for Thrift Co-operatives

Client: Co-operative Development Foundation, Hyderabad.
The assignment involved re-design of accounting systems for Thrift Co-operatives around Warangal and Karimnagar districts.
The co-operatives have been promoted by Co-operative Development Foundation and are in a phase where they are resorting to
diversification of financial products and services.

Strategies for Mobilisation of Funds

Client: Municipal Borough Hospital, Vallabh Vidyanagar.
The assignment was done at the request of the Chief Medical Officer of the hospital. It was to ensure that the hospital
would generate sufficient resources to run as an independent profit centre. The inputs given in the project were
implemented and the Hospital has been generating surpluses for 7 years in a row from 1994.

Study of Successful Capital Formation Strategies for Co-ops in Developing Countries.

Client: Food and Agriculture Organization of the United Nations
The assignment was done at the request of Food and Agriculture Organization (FAO) of the United Nations. We developed a
research methodology and research manual to be used in the larger country studies in India, Kenya and Guatemala. Pre-test on
a small sample was done in India.
 Successful Capital Formation Strategies for Agricultural Co-operatives in India.
Client: Food and Agriculture Organization of the United Nations
This was a follow-up of the Research Manual. The study looked at the Indian co-operatives in detail. It examined the linkage
between capital and control, documented innovative capital formation strategies, and modelled a causal path to determine the
relation between capital, usage, satisfaction and control.

Capital Formation Strategies in District Level Dairy Co-operative Unions.

Client: National Dairy Development Board, Anand
The study examined the Capital Formation processes in four large co-operatives in Gujarat Kheda(Amul), Vadodara(Sugam),
Mehsana(Sagar) and Valsad(Vasudhara).

Competition, Financial Viability and Long Term Sustainability of Chittoor Dairy.

Client: National Dairy Development Board, Anand
The study looked into the sustainability of co-operative dairy units in the face of competition from private sector in a liberalised
economy. This was one of the specific case studies commissioned by the National Dairy Development Board to look at the
implications of the policy of economic liberalisation on the rural co-operatives

Individual Rating Model for the Borrowers of GRUH Finance Limited.

Client: GRUH Finance Limited, Ahmedabad
The model indicates significant differences between the defaulters and non-defaulters and the results of the study will help in
better credit assessment and reduce default. It had several implications at the methodology of assessments undertaken in
companies working for the not-so well-off.

Study of the Status of Womens Co-operatives in Gujarat.

Client: Self-Employed Womens Association, Ahmedabad
The study looked into the status of womens co-operatives and the reasons for success and failure.

Case Study of the National Egg Co-ordination Committee (NECC).

Client: National Egg Co-ordination Committee
The study sponsored by NECC and examined the layer segment of the poultry sector.

Feasibility Study of the Co-operative Sector: An approach paper for HIVOS. (February 1992)
Client: Humanistic Institute for Co-operation with Developing Countries (HIVOS)
This paper was commissioned by the HIVOS India office to give an insight into the co-operative policy and law in the country
and how a developmental institution like HIVOS could proactively work with co-operatives.

Committees/Advisory Groups with Reports

Member, Expert Group on Setting Up a Developmental Financial Institution for Women SHGs, 2014. Chairperson:
Usha Thorat.
Chairman, Committee on Developing a Course on Financial Inclusion by BIRD, Lucknow
Member, Expert Panel for an Implementable Action Plan for Agrarian Distress [NABARD]
Member, Working Group to Suggest Measures to Assist Distressed Farmers Reserve Bank of India. Chairman: SS
Johl
Member, Expert Group on Investment Credit, Reserve Bank of India, Mumbai. Chairman: YSP Thorat
Member Task Force on Revival of Co-operative Credit Institutions, Ministry of Finance, Government of India.
Chairman: A Vaidyanathan
Member Task Force on Revival of Co-operative Credit Institutions (Long Term) Ministry of Finance, Government
of India. Chairman: A Vaidyanathan
Member, Committee to Restructure District Rural Development Agencies. Chairman: V Ramachandran

PROJECTS UNDERTAKEN AS A PART OF ACADEMIC PROGRAMMES

Study of Costs and Profits of the divisions of Co-operative Rural Bank, Mulkanoor (Management Traineeship I,
IRMA)
Stores Procedure Manual for units of Karnataka Milk Federation (Management Traineeship II, IRMA)
 Study of the Financial Systems of Regulated Markets in Karnataka (Summer Project, IIMB)

OTHER INTERESTS

Interested in Contemporary Literature, theatre and cinema. Have written and published in Kannada. Won prizes for
Stories in Prajavani Short Story competition: II Prize in 1988, III Prize in 1991, Special Prizes in 1985 and 1987. Won
II prize in Jayatheertha Rajapurohita Competition of Gulbarga University in 1989. Won the Masti Kannada Seva Nidhi
Manuscript Award for an anthology of short stories in 1990. Published five books of stories in Kannada: Mayadarpana
(The Magic Mirror, 1991 Christ College Kannada Sangha, Bangalore) Avaravara Satya (The shades of Truth, 1996, SBS
Publishers and Distributors Bangalore) Tel Maalish [Oil Massage, Ankita Pustaka, 2010], Salman Khan-ana Difficultiesu
(The Difficulties of Salman Khan, Ankita Pustaka, 2013) and Nadeyalaarada Doora, Hidiyalarada Bassu [A distance that
one cannot walk, a bus that one cannot catch, Aakruti Books, 2014). Published three books of essays Kanasu Kattuva
Kaala [A Time to build dreams, Vasanta Prakashana, 2011]. Shanivara Santhe (Saturday Shandy, Ankita Pustaka, 2013).
Arthartha (The meaning of money, Akshara Prashana, 2014). One of my stories has been published in an anthology of
100 best stories of the Century and another in an anthology of Kannada Short Stories published by the National Book
Trust to be translated into all Indian languages. A book length Essay on Co-operatives Bandavalavillada Badayi (Rattle
without Capital) and a collection of translated Latin American Stories titled Nadiya Moorane Dande [The Third Bank of
the River] are forthcoming.