The Kerala Association of Microfinance Institutions (KAMFI) has said that the microfinance crisis cropped up due to some unfortunate happenings in Andhra Pradesh seemed to come to an end, as banks have started lending to microfinance institutions (MFIs). After the embargo in lending by commercial banks to microfinance sector, the RBI had issued guidelines on microfinance lending inter- alia directing banks to resume lending to microfinance sector and treat them as priority sector advances, Mr K. Paul Thomas, Chairman, KAMFI, said in a statement.
HBL
