Tuesday, August 6, 2013

‘Microfinance sector heading towards consolidation’

......MFIN CEO Alok Prasad said the RBI should create a separate class of banks which cater only to micro finance. “You cannot have universal banks catering to a wide spectrum of customers, ranging from corporates to those at the bottom of the pyramid. Banks with a micro finance focus will be better meet the financial inclusion needs of the economy,” he said.............

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