Microfinance in India has followed an ambitious growth trajectory and received unparalleled attention during the last decades. During turbulence the microfinance institutions are being more challenging to face the environmental changes. The leaders of such organizations find themselves in twist and dilemma. The case highlights on the series of crisis faced by Indian microfinance sector during the last years. It also through light on the ways government and policy makers responded to the crisis through ordinances. This case enables the students to understand different theories of organization transformation during turbulence.
Dr. Saswata Barpanda and Mukhopadhyay, S., “Turbulence Triggers Transformation: A Case on Indian Microfinance Institutions”, in Managing Business in Turbulent time: A case study approach (book) ICBM School of Business Excellence, Hyderabad, 2014, pp. 62–73.