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MFI bad loans rose to 2,227.06 cr in FY12

MFI bad loans rose to 2,227.06 cr in FY12

Mumbai: Gross non-performing assets (NPAs) of microfinance institutions operating as non-banking finance companies surged to 2,227.06 crore in 2011-12 from 34.99 crore in 2009-10 after Andhra Pradesh cracked down on them through an ordinance that later became law in October 2010.

dinesh.n@livemint.com

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