.......Amid extensive media coverage, the Indian government began to closely monitor the sector. Last year, the Reserve Bank of India (RBI), the central banking institution of the country, capped the interest rate to 26 per cent for micro loans up to 50,000 rupees. Previously, some MFIs would charge as much as 36 per cent. A bill on empowering RBI to fully monitor and regulate the sector is now being debated in parliament.......
The very purpose of VITALINFO is to provide a platform for wider dissemination of updated information related to and happening of events in and around RBI.
No comments:
Post a Comment