HomeNewsOpinionRBI's proactive action on MFIs shows some firms failed to learn from the 2010 crisis

RBI's proactive action on MFIs shows some firms failed to learn from the 2010 crisis

Dinesh Unnikrishnan • October 21, 2024 / 07:39 IST

The RBI had given sufficient time to MFIs charging excessively high rates to revise their interest rates downwards. Some got the message; some didn’t.

RBI has clamped down on some MFIs for charging too high rates and engaging in evergreening of loans

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