MFIs caught between RBI and AP Govt norms

Hyderabad, May 8 (PTI) Microfinance Institutions (MFIs) in Andhra Pradesh are in a state of confusion as some of the recommendations made by the Reserve Bank of India (RBI) for the sector are contradicting the rules prescribed by the State Government in its Microfinance Act.Andhra Pradesh accounts for almost 25 per cent of the Rs 30,000-crore microfinance trade in the country. As many as 24 of ...