Business

MFIs borrow from non-banking financial institutions at high interest rates.

New Delhi: Commercial banks are currently cautious in lending to small microfinance institutions (MFIs). Due to this, MFIs have to borrow from non-banking financial institutions at higher interest rates. Recently, RBI deputy governor M Rajeswara Rao slammed micro lenders for “irregularly” increasing their margins and said that in the new …

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