India’s RBI eases regulations for NBFC MFI lenders
India’s central bank eased norms for non-bank microfinance companies, removing a cap on lending rates and relaxing risk-provision standards, after some lenders found it difficult to meet existing regulations. However, non-bank microlenders must keep their average loan rates within a year at a fixed margin over average borrowing costs, as declared by RBI. Read more here.
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