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MFIs must be responsible lenders: Rangarajan

Last Updated: Wednesday, August 29, 2012, 20:58

Faulting the microfinance institutions for adopting strong arm tactics, Prime Minister's Economic Advisory Council Chairman C Rangarajan Wednesday said MFIs must modify their business models and become responsible lenders.

RBI guidelines on MFI sector a positive: Crisil

Last Updated: Wednesday, December 07, 2011, 21:11

The Reserve Bank's recent guidelines on the MFI sector will prove to be a positive and structurally strengthen it over the long run, ratings agency Crisil said Wednesday.

Raise cap requirement for MFI's to 25 lakh: Assocham

Last Updated: Sunday, August 21, 2011, 15:36

Industry chamber Assocham on Sunday suggested that the minimum capital requirement for setting up of micro finance institutions should be raised to Rs 25 lakh from Rs 5 lakh to encourage the entry of serious players in the sector.