The Reserve Bank of India is seriously considering the Nachiket Mor committee’s suggestion on allowing micro finance institutions to function as business correspondents of banks to further its efforts towards greater financial inclusion, sources close to the development told Cogencis. However, the move has faced serious opposition from various departments in the central bank.................
Read - FPJ
Read - FPJ
1 comment:
MFIs are already on the high cost zone. Add to that the BC commission the borrowers' back is broke and there would be more NPAs in priority sector lending portfolio.
Post a Comment