.............. For Andhra Pradesh-based MFIs, the worst is far from over. The latest blow comes from the new RBI regulations which said a non-banking finance company microfinance institution (NBFC-MFI) would have to make 100 per cent provisions on aggregate loan installments overdue for 180 days or more. The new norms are effective from April 1, 2012. As a result most Andhra Pradesh-based MFI, expect for SKS, run the risk of have a negative net worth if the guidelines are not revised…………………..
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