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Wednesday, September 5, 2012 - 12:18 IST
Microfinance institutions seek more time to comply with margin cap norms
BY Bruhadeeswaran R
MFIs tell RBI that the high operative cost is taking a toll on their margins at present.
Microfinance institutions have requested the Reserve Bank of India for more time to comply with directions mandated by the central bank on capping of margins, according to members of the Microfinance Institutions Network that met RBI last week....
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