Monday, March 12, 2012

MFIs revival: Responsible lending is key

Regulations need to be changed to facilitate provision of financial services to the poor and the overall architecture of financial services should be rebuilt, experts
.... The Malegam committee report largely says RBI does not have the machinery to control this growth and therefore this growth should be curbed. RBI is neither going to facilitate the growth and nor it is willing to find a solution to the problem of consumer protection......
Read..............

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