The industry body Microfinance Institutions Network (MFIN) announced that microfinance entities have begun reducing loan interest rates and implementing borrower protections. This move comes in response to repeated criticisms from Reserve Bank Governor Shaktikanta Das regarding the "usurious" charges imposed on borrowers.
Disclaimer : Mymoneytimes implements extreme caution and care in collecting data before publication. Mymoneytimes does not liable for the adequacy, accuracy or completeness of any given information. Hence we are not liable for any kind of direct or indirect loss caused by the use of such information.