Thursday, May 30, 2013

Microfinance flows again as fund taps reopen

......“The Reserve Bank of India has now recognised MFIs as a special category NBFC and has issued a circular, giving clear-cut guidelines for the sector. And now with RBI regularly monitoring the sector, investors have got back their confidence. Banks have also funded MFIs as part of their priority sector lending during the last financial year. This in turn has helped in regaining confidence of PEs and VCs,”..........

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