Jun 17, 2011 10:29 PM IST | Source: CNBC-TV18

MFIs glad if RBI is the regulator

And even though the central bank might find it quite a task to regulate the nearly 600 companies that make up the sector, CNBC-TV18's Vineetha Athrey and Gopika Gopakumar learn that MFIs on their part, are cheering the idea.

Last week we told you a finance ministry committee has recommended the Reserve Bank of India (RBI) as the sole regulator for the microfinance industry. And even though the central bank might find it quite a task to regulate the nearly 600 companies that make up the sector, CNBC-TV18

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