Tuesday, December 6, 2011

Microfinance industry welcomes RBI NBFC-MFI norms as a positive step

... “We have been requesting this for a long time. This will also permit the RBI to put a special focus on this category and pave the way to permit NBFC-MFIs to offer savings services to our customers which is urgently required. NBFC-MFIs are the only NBFC’s whose assets qualify for priority sector. This will help on the bank funding front......

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