Microfinance still key to inclusion despite flaws – RBI deputy


Microfinance remains “one of most important financial tools to foster financial inclusion”, but recent developments call for urgent reform, the Reserve Bank of India’s Rajeshwar Rao said in a speech today (October 27).

The sector has changed greatly since the RBI started to embrace microfinance institutions (MFIs) in the 1990s, the deputy governor said. Only non-bank MFIs are covered by current regulations, but other lenders such as small finance banks have grown up in recent years, coming to

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

If you already have an account, please sign in here.

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account