Microfinance institutions seek more time to comply with margin cap norms

06 September, 2012

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. They want more time to comply with the margin cap norm directed by RBI in two phases by March 2013 and March 2014, primarily due to the high operative cost that is taking a toll on their margins at present.


Leave Your Comment
RBI temporarily relaxes margin cap for large MFIs

RBI temporarily relaxes margin cap for large MFIs

Bruhadeeswaran R 4 years ago
The Reserve Bank of India has decided to set the margin cap to 12 per cent for large microfinance institutions (MFIs) till March 31, 2014....
RBI may ease provisioning norms for MFIs

RBI may ease provisioning norms for MFIs

Bruhadeeswaran R 5 years ago
The Reserve Bank of India is likely to relax some of its tough provisioning norms that it laid out for microfinance institutions in a notification...
RBI Panel Moots Interest Caps, Creation of NBFC MFIs

RBI Panel Moots Interest Caps, Creation of NBFC MFIs

Pallavi S 7 years ago
The Indian microfinance industry, a favourite with the investor community but currently facing major operational and regulatory issues in sector hotspot Andhra Pradesh, is in...
No Comments

Microfinance institutions seek more time to comply with margin cap norms

Powered by WordPress.com VIP