KOLKATA, FEB 16:
Reserve Bank of India Deputy Governor K. C. Chakrabarty said on Saturday that microfinance institutions (MFIs) should scale up their operations only after understanding their limitations. “MFIs should develop local expertise and scale up locally. They should not scale up nationally, else they will collapse like SKS Microfinance,” Chakrabarty said at a conference on corporate governance in microfinance, organised by the Indian Chamber of Commerce here.............
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