…..SKS Microfinance will be in focus as the deadline for new provisioning and asset classification norms has been extended by a year. The Reserve Bank of India (RBI) has deferred the implementation of asset classification and provisioning norms for non-banking financial company-micro finance institutions (MFIs) to 1 April 2013, from 1 April 2012. The move is after taking into account the difficulties faced by MFI sector and the representation received by it, RBI said in a notification………
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