<h1>SKS Microfinance CEO Terminated Post-IPO; RBI to Review MFI Interest Rates; New Regulation Bill Proposed.</h1> The Small Industrial Development Bank of India reported that SKS Microfinance Ltd., the only listed Micro Finance Institution in India, terminated its CEO following its IPO in August 2010. While the Reserve Bank of India does not regulate MFI interest rates, it mandates a Fair Practice Code to prevent exorbitant charges and harassment. The government urged banks to ensure reasonable interest rates and avoid loan evergreening. A sub-committee, chaired by a senior Reserve Bank member, will review MFI interest rates and report within three months. The Department of Financial Services plans to introduce the Micro Finance (Development Regulation) Bill, 2010.