My sentence means dharma, which is necessity for every human being. A follower of dharma can do it in any way, not necessarily only by giving money, material or service. Charity is not a word I like as it looks innocent, but conveys an egoistic attitude for any one who carries it out. Decently arguing in this forum itself is dharma practice by each one of us.
Keeping the philosophy aside, this business is definitely not comparable with other lending business because it has very high margin, probably only lesser than what a private money lender would charge.
And Bandhan has only penetrated eastern part of the nation leaving out the remaining part. So how come it has been said as Bandhan Bank covers 80%?
To re-emphasize my earlier point, the con call which I referred to has points about the pitfalls standalone MFIs have on their hand. Foremost among them all is, it protects the entity from being influenced or threatened by politicians either through legislative means or through coercive methods. At several places the local politicians mislead people by saying waiver is in the works or something like that. And BFIL has handled those kind of areas very well through their standardised policy approach. That is my understanding.