'Effective micro-finance system needed' in India

INDIA - The Reserve Bank of India has said it plans to put in place a 'more vibrant' micro-finance delivery environment by encouraging complementary and competitive models of micro-finance.

The central bank also plans to organise a series of interactive sessions to review the progress made in the area of micro-finance, Business Line India reported.

The RBI in its report on 'Trend and Progress in the Banking Industry' has said that there are new issues and concerns that have surfaced in the

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