RBI panel seeks tough norms to clip MFIs’ wings
Jan. 19: Microfinance companies will have to face much closer scrutiny if the Reserve Bank accepts the recommendations of the Malegam sub-committee, that were submitted on Wednesday. The committee’s
MFIs need to change focus
Mumbai, Nov. 17: Microfinance companies need to change their focus back to the borrowers if they want to regain their lost credibility.
Instead, many of the firms had been trying to please private
MFIs’ default may hurt banking sector
Oct. 21: The inability of microfinance companies to recover dues from their customers and drying up of further borrowing avenues could potentially have a cascading effect on the banking industry, whic