https://www.taxtmi.com/news?id=2463 The Reserve Bank of India classified bank loans to microfinance institutions as priority sector lending and imposed operational constraints: a margin cap on MFI lending, an interest cap on individual borrower loans, prohibition of penalties for delayed payment, and prohibition of taking security deposits or margins; these measures followed a sub-committee review of concerns about high charges, coercive recovery and multiple lending. en-us Tue, 29 Nov 2011 17:45:15 +0530 Tue, 29 Nov 2011 17:45:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=2463 The Reserve Bank of India classified bank loans to microfinance institutions as priority sector lending and imposed operational constraints: a margin cap on MFI lending, an interest cap on individual borrower loans, prohibition of penalties for delayed payment, and prohibition of taking security deposits or margins; these measures followed a sub-committee review of concerns about high charges, coercive recovery and multiple lending. News - Tue, 29 Nov 2011 17:45:15 +0530 https://www.taxtmi.com/news?id=2463