Tuesday, April 23, 2013

Muthoot FinCorp’s microfinance arm expanding into 2 more States

......The company, which has also applied for a name change, expects to get the NBFC-MFI approval from the RBI in three-four months. Since there is a margin cap of 10-12 per cent on the interest rate that an NBFC-MFI can charge above the bank lending rate, customers will benefit if the company gets the NBFC-MFI recognition..........

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