Is the proposed law to regulate microfinance in jeopardy?

.....The state also said that it is doubtful if the Reserve Bank of India, which is saddled with larger issues facing the monetary system, will find time and attention to regulate this micro-sector. “Even in the recent past, authority which is already vested in RBI to regulate non-banking financial companies has not been used effectively, as a result of which crises like what happened in Andhra Pradesh could not be prevented”,................

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