New RBI rule trims Q1 microloan disbursals2 min read . Updated: 18 Aug 2022, 12:53 AM IST
- Microlenders must assess the indebtedness of the borrowing household
- From 1 April, RBI capped the loan repayment obligation of a household at 50% of monthly income
MUMBAI : Microfinance companies’ loan disbursal in June quarter fell from the preceding quarter, a phenomenon experts attributed to a recent Reserve Bank of India (RBI) guideline revising risk assessment practices for these lenders.
Select your Category