Rural Growth Risk Accelerates Lending Rules for Microfinance: India Credit

India is accelerating national microfinance regulations after a local government ruling crippled financing for the industry and contributed to a jump in the cost of insuring bank debt against default.

A Reserve Bank of India panel will submit recommendations by January, which the Ministry of Finance will use to introduce the first Micro Finance Bill as early as March. SE Investments India Ltd., the nation’s second-biggest listed microlender, said Andhra Pradesh state’s crackdown on lending methods in the 225 billion rupee ($5 billion) market will result in a “death blow” if remedial measures aren’t taken immediately..........Click for more



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