ACCESS Development the publisher of the Microfinance India – State of the Sector Report has made it’s latest annual report available for free download. The 2012 Microfinance India report will released later this year at the 9th Microfinance India Summit 2012.
......The situation came to a stage where the central bank, reluctant so far, set up the Malegam Committee to look into the issues. Several rounds of discussions between the MFIs and their networks and the State, and with the Reserve Bank of India (RBI) did not see any breakthroughs. Based on the Committee recommendations, the RBI issued a set of comprehensive guidelines, which will significantly change the way MFIs have operated so far. Irrespective of these prudential guidelines, the banks have not regained their confidence in bringing in substantial new debt......
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