India: Banks bullish on microfinance due to RBI guidelines
Banks have restarted giving out funds to the microfinance institutions encouraged by the more facilitating guidelines provided by the Reserve Bank of India – the Central Bank of India. Post the Andhra Pradesh crisis in 2010, the funds towards MFIs had all but dried up with banks being hesitant and the Andhra Pradesh government cracking down on MFIs. Read more here.
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