Mumbai: Microfinance companies such as Ujjivan have either stopped or slowed lending in pollbound Uttar Pradesh, saying local politicians are spreading rumours that the demonetisation drive is something like a farm loan waiver and people need not repay their loans. “We are not lending in UP till …
Tag: MFI
Mudra not to regulate Micro Finance Institutions: Govt
Clarifying its stand on regulation of micro-finance companies, the government has said that the Reserve Bank of India would continue to regulate MFIs registered as non-banking finance companies (NBFCs) with the central bank. MFIs will not be regulated by the Micro Units Development and Refinance …