RBI's stance on pricing of credit is beneficial for MFIs

.....RBI's current preposition while removing the cap is that it expects the sectoral participants to be responsible and accept the premise under which the cap is being removed. So, it is beneficial to this sector as they can manage the spreads better in a changed environment. There is no doubt that learning from the lessons in the last two years, we would ensure that the rates are continuing to be reasonable in the changed context. ......

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