https://www.taxtmi.com/news?id=25926 The Reserve Bank's revised March 2022 framework establishes a lender-agnostic, activity-based regulation for microfinance focused on customer protection, harmonises household income eligibility while linking loan limits to repayment capacity, replaces rule-based pricing with standardized disclosure via a simplified fact sheet showing an all-inclusive effective interest rate, and strengthens board accountability, employee conduct, prohibitions on harsh recovery practices, due diligence for recovery agents and grievance redressal, while using asset-based thresholds and competition measures to contain arbitrage and reduce borrower costs. en-us Wed, 09 Nov 2022 09:55:01 +0530 Wed, 09 Nov 2022 09:55:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=25926 The Reserve Bank's revised March 2022 framework establishes a lender-agnostic, activity-based regulation for microfinance focused on customer protection, harmonises household income eligibility while linking loan limits to repayment capacity, replaces rule-based pricing with standardized disclosure via a simplified fact sheet showing an all-inclusive effective interest rate, and strengthens board accountability, employee conduct, prohibitions on harsh recovery practices, due diligence for recovery agents and grievance redressal, while using asset-based thresholds and competition measures to contain arbitrage and reduce borrower costs. News - Wed, 09 Nov 2022 09:55:01 +0530 https://www.taxtmi.com/news?id=25926