.......... At present, Reserve Bank of India (RBI) regulations do not allow MFIs to collect deposits from the public. Yunus, however, welcomed RBI’s decision to give a licence to microlender Bandhan Financial Services Pvt. Ltd to start a new bank. But he expressed reservation on the wisdom of giving a full banking licence to microlenders. “If you give the full banking licence then you will be tempted to move into other direction. So, you give a limited banking licence allowing taking deposits only for the purpose of lending money to poor,” Yunus said..........
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