INSUBCONTINENT EXCLUSIVE:
RBI has suggested a regulatory framework for microfinance institutionsTo regulate the functioning of microfinance institutions (MFIs), the
addition to this, it has directed all such institutions to display minimum, maximum and average interest rates charged on microfinance
loans, on the websites of regulated entities.Also the RBI has proposed that a Board approved policy for household income assessment should
with the guidelines for NBFCs.In order to ensure transparency, the RBI has suggested that MFIs should introduce a standard simplified fact
sheet on pricing of microfinance loans.
