Borrowers may exploit loophole as eight MFIs transition to small banks3 min read . Updated: 05 Dec 2016, 09:17 AM IST
With some MFIs becoming small finance banks, customers could tap others for loans, circumventing rules that say a person can only borrow from two MFIs
Mumbai: The transition of eight microfinance institutions (MFIs) to small finance banks has opened a new source of loans for their customers and potential worries on their repayment capacity.
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