The Reserve Bank of India (RBI) on Friday said it was introducing micro-finance institutions (MFIs) as a new category of non-banking finance companies. Calling it a step forward, PH Ravikumar, Interim Non-Executive Chairman of SKS Microfinance said the new guidelines will help repeal the Andhra Micro Finance Act.
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Tuesday, December 6, 2011
RBI approvess new guidelines sets ground to repeal AP Act: SKS
The Reserve Bank of India (RBI) on Friday said it was introducing micro-finance institutions (MFIs) as a new category of non-banking finance companies. Calling it a step forward, PH Ravikumar, Interim Non-Executive Chairman of SKS Microfinance said the new guidelines will help repeal the Andhra Micro Finance Act.
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