- 12% is the interest margin that Microfinance Institutions Network (MFIN) are looking at
- MFIN wants the Reserve Bank India to restore the interest margin between MFI borrowings and lending.
- Margin is the difference between the interest rate at which an MFI borrows and the rate of interest at which it lends
- 10% and 12% is margin cap for MFIs with a credit portfolio of less than Rs 100 crore and more than the above amount, respectively. RBI fixed this via a circular dated August 3
- Rs 100 crore will be the credit portfolio of less than 12 MFIs out of the 47 members in MFIN, according to Trident Microfin MD Kishore Kumar Puli
|
No comments:
Post a Comment