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The Economic Times
Stress in some MFIs does not warrant regulatory action: Senior RBI official
The Reserve Bank of India reassures there is no systemic risk in the microfinance sector despite recent stress. Senior officials highlighted that concerns are entity-specific, and no strict regulatory action is planned. Ashima Goyal of the Monetary Policy Committee indicated non-performing assets are manageable and the banking system remains resilient.
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Thu, Aug 29, 2024