https://www.taxtmi.com/news?id=2612 RBI guidance conditions the grant of priority sector advances status to bank loans to microfinance institutions on meeting asset composition and lending for income generation thresholds and compliance with pricing guidelines; it imposes a lender margin cap and an interest rate ceiling on individual microloans and disallows penalties for delayed payment and security deposits from borrowers. en-us Tue, 20 Dec 2011 18:16:55 +0530 Tue, 20 Dec 2011 18:16:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=2612 RBI guidance conditions the grant of priority sector advances status to bank loans to microfinance institutions on meeting asset composition and lending for income generation thresholds and compliance with pricing guidelines; it imposes a lender margin cap and an interest rate ceiling on individual microloans and disallows penalties for delayed payment and security deposits from borrowers. News - Tue, 20 Dec 2011 18:16:55 +0530 https://www.taxtmi.com/news?id=2612