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Changing regulatory landscape
Wealth Insight
|October 2022
RBI's new rules for microfinance lenders seem to be a mixed bag
It has been almost six months since the Reserve Bank of India (RBI) came out with a fresh law to regulate the microfinance industry. Two salient features of the new law are the changes to the underwriting process (evaluating a borrower's creditworthiness) and the interest rate charged for microfinance loans.
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