......“Bangladesh is the only country in the world, which has a formal regulatory authority, micro credit regulatory authority (MRA). We have kept it separate from the Central Bank, unlike RBI. RBI initially distanced itself from micro-credit but now they are taking it on their own shoulder, I don’t know why. They (RBI) should have created another micro credit regulatory authority,” he said, adding that it was not enough to have lots of micro finance institutions (MFI) for financial inclusion, it is also important to have a proper regulatory framework.............
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