India: Banks may write off US$1.12 billion debt to microfinance institutions - Re-emerging World

India: Banks may write off US$1.12 billion debt to microfinance institutions

September 23, 2013

Ankur Sohanpal

A number of MFIs unable to recover loans from Indian state Andhra Pradesh, might soon have their debt written off by their banks. The banks had previously restructured loans, but it now seems that recovering the money will be unlikely. Read more here.

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