Mumbai: To address multiple and over lending issues in the microfinance space, micro-credit providers, including microfinance institutions (MFIs), small finance banks (SFBs) and banks will voluntarily abide by a mutually agreed code of conduct (MACC), whereby they will not lend to a client who al…
Tag: NBFC-MFIs
Microfinance industry clocked 60% growth in FY16
Country’s Microfinance industry pegged at Rs 63,853 crore in 2015-16, is posting a growth of 60 per cent year-on-year, said a report. The high growth rate continues, despite Bandhan, which was the largest MFI, becoming a bank, Sa-Dhan’s Bharat Microfinance Report-2016 said. “While as of March 201…