thanks for the link! I think there is general unease among investors of MFIs that there would be deterioration of credit culture going ahead. Punjab is studying waiver, Gujarat Cong is planning too. I think it is time to bet on consumer stocks again like what happened after 2008 waiver. Extra money in the hands of rural folks will go into building houses, buying cars and other small discretionary consumption like white goods, electrical goods etc. I am still not sure SFBs will be a buy at lower levels.
Disc: Not invested but track closely.