India: MFIs to ask RBI to fix margin cap
MFIN (Microfinance Institutions Network), the self-regulatory body of MFIs in India will be asking RBI, the Central Bank of India to fix the margin cap for individual loan to customers at 12 per cent instead of 10-12 per cent. Currently, the interest rate cap on individual loans by MFIs is at 26 per cent. Read more here.
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