Tuesday, April 24, 2012

RBI not in favour of allowing MFIs to take deposits: Sinha

RBI Deputy Governor Anand Sinha today indicated the central bank was not in favour of allowing micro-finance institutions (MFIs) to take deposits from public. "After all, whatever legislation passes, we have to work with that. But, RBI's position has been that deposit-taking should be limited to banks," he told reporters in reply to a question on whether MFIs should be allowed to take small deposits...........
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