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RBI's new guidelines sets ground to repeal AP Act: SKS

The Reserve Bank of India (RBI) on Friday said it was introducing micro-finance institutions (MFIs) as a new category of non-banking finance companies. Calling it a step forward, PH Ravikumar, Interim Non-Executive Chairman of SKS Microfinance said the new guidelines will help repeal the Andhra Micro Finance Act.

first published: Dec 5, 2011 03:27 pm

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