RBI raises concerns over dual microfinance regulation in Assam

During the first meeting of the newly formed Assam government and microfinance stakeholders in Guwahati on Saturday, RBI officials are said to have argued that banks and non-bank microlenders, which are regulated by it and operate within a laid down framework, should not come under the purview of the state-level Act.

from Banking/Finance-Industry-Economic Times https://ift.tt/3eS1Wbw