A Quote by Urjit Patel

We should redefine the metric for effective lending, viz., prioritise loans to enterprises, which will generate more employment. — © Urjit Patel
We should redefine the metric for effective lending, viz., prioritise loans to enterprises, which will generate more employment.
Narrow banks could restart effective intermediation and ensure that consumers and employment-creating small and medium-size enterprises are adequately financed and can contribute to the reactivation of the economy.
I founded Grameen Bank to provide loans to those considered traditionally unbankable. Grameen Bank works with the poorest and often illiterate, providing uncollateralized micro-loans for tiny business enterprises by which they can lift themselves and their families out of poverty.
Our focus is more on secured retail business like housing and car loans. While we will do some unsecured loans - credit cards and personal loans - we will do it primarily with existing customers.
If the first inward thought is not warded off, it will generate a desire, then the desire will generate a wish, and the wish will generate an intention, and the intention will generate the action, and the action will result in ruin and divine wrath. So evil must be cut off at its root, which is when it is simply a thought that crosses the mind, from which all the other things follow on.
As Indian women, we are always balancing work, life, home, etc. It's important to know that while juggling rubber balls and glass balls, the former may bounce back when you miss, but the glass balls will crack if you let them fall. So prioritise, prioritise, prioritise.
As time goes on, I get more and more convinced that the right method in investment is to put fairly large sums into enterprises which one thinks one knows something about and in the management of which one thoroughly believes. It is a mistake to think that one limits one's risk by spreading too much between enterprises about which one knows little and has no reason for special confidence. . . . One's knowledge and experience are definitely limited and there are seldom more than two or three enterprises at any given time in which I personally feel myself entitled to put full confidence.
The normal metric of measuring progress has actually been the rate of growth, OK? It's not a wrong metric, but it's not a full metric.
Corporations are not employment agencies, and judging them by that metric is a mistake.
If lenders are forced to scale back student lending because private student loans are subject to bankruptcy discharge, many students will be denied access to higher education.
If banks anticipate government will come to the rescue should the credit market go badly awry, they may make loans that would otherwise be imprudent, e.g. subprime loans with little prospect of repayment.
Ending up-front fees should make it far easier for all students to go to university as they will no longer have to pay up to /1,125 out of their loans at the start of each year. Student loans will also rise to meet average living costs.
We hope that there will be nothing that conflicts with anybody's religion or faith. We would never say a person's religion is not effective. We say, 'Would you be interested in something more effective?' We always put things in an optimistic, progressive perspective. 'Do you want to make your prayers more effective? Not that they are not effective, but do you want to help them become more effective?'
I think the metric by which television is considered liberal is literally based on the metric of liberalism in each person's soul. Peoples' senses of humor tend to go about as far as their ideology.
So we are in for years of debt deflation. That means that people have to pay so much debt service for mortgages, credit cards, student loans, bank loans and other obligations that they have less to spend on goods and services. So markets shrink. New investment and employment fall off, and the economy is falls into a downward spiral.
A world where wages no longer rise still needs consumers. Middle-class purchasing power has been maintained through loans, loans and more loans. The Calvinistic reflex that you have to work for your money has turned into a license for inequality.
Our servicemembers are focused every day on serving our country. It's our job to ensure that they have everything they need to do their jobs to the best of their ability. That must include effective consumer protections against predatory lending, already afforded under the Military Lending Act, for our men and women in uniform and their families.
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