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7 states in favour of RBI regulating MFIs

State governments today met the RBI over the issue of regulation of the microfinance sector. They said they have no objection to RBI and NABARD regulating the sector, but want a central law, that will permit the state governments to intervene when they feel the need, reports CNBC-TV18’s Vidhi Godiawala.

February 22, 2011 / 22:50 IST
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State governments today met the RBI over the issue of regulation of the microfinance sector. They said they have no objection to RBI and NABARD regulating the sector, but want a central law, that will permit the state governments to intervene when they feel the need, reports CNBC-TV18

TAGS: #CNBC-TV18 Comments #Malegam Committee #MFI sector #Vidhi Godiawala
first published: Feb 22, 2011 10:15 pm

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