https://www.taxtmi.com/news?id=2452 The report recommends recognising a distinct regulated class of microfinance lenders (NBFC-MFIs) under RBI supervision, imposing a differentiated average margin cap and an upper interest rate cap on individual MFI loans, limiting MFIs to three allowable charges (processing fee, interest, insurance) for transparency, and restricting each borrower to membership of only one Self-Help Group or Joint Liability Group to mitigate multiple borrowing. en-us Fri, 25 Nov 2011 18:58:44 +0530 Fri, 25 Nov 2011 18:58:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=2452 The report recommends recognising a distinct regulated class of microfinance lenders (NBFC-MFIs) under RBI supervision, imposing a differentiated average margin cap and an upper interest rate cap on individual MFI loans, limiting MFIs to three allowable charges (processing fee, interest, insurance) for transparency, and restricting each borrower to membership of only one Self-Help Group or Joint Liability Group to mitigate multiple borrowing. News - Fri, 25 Nov 2011 18:58:44 +0530 https://www.taxtmi.com/news?id=2452