....While not everyone is comfortable with the Microfinance Bill in its current form, there is hope that it will get an early nod from the Parliament. Reason: it will help sort out a major hurdle on the regulatory front - it will lay out a clear regulatory role for the Reserve Bank of India (RBI), clearing up some of the lack of uniformity in regulation and enabling closer monitoring of the sector. Such a provision will ensure that state governments do not intervene (as was the case in Andhra Pradesh in 2010).......
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