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December 12, 2006 - Back on October 23rd, I blogged about not liking the excessive risk inherent in many Chinese banks. Instead, I looked to India for much better managed banks with high potential growth in seeking investment opportunities in the financial sector. Specifically I mentioned ICICI bank and HDFC bank. Read more …
Add comment December 12th, 2006
December 12, 2006 - This year’s Nobel Peace Prize winner, Muhammed Yunus, is worth writing about because he gave the world a model through his concept of microcredit and his founding of Grameen Bank to transform a group of people, the world’s poor, from an “un-bankable” sector to not only a “bankable” sector but a profitable sector. Today, in developing and developed countries alike, banks in 100 different countries, including even those in the United States, are using Muhammed’s concept of microcredit to reach out and help the world’s rural and urban poor while still managing to run a viable business model. Muhammed proved that the concept of CSR (Corporate Social Responsibility) was not only feasible but also sustainable. Read more …
Add comment December 12th, 2006
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