RBI paper proposes to cap borrowers' repayment outgo, scrap lending rate cap in uniform MFI regulation
The Reserve Bank of India has suggested capping the total repayment outflow from a household to half of the annual income of the economically weaker households, which form the target segment for microfinance lenders, as part of a slew of proposals to revamp the regulations on microfinance.
Regulators to look into PNB Housing Fin's plan to raise Rs 4,000 crore from Carlyle, other entitiesconcerns of minority shareholders, corporate governance and others regulatory aspects would be looked into by RBI and Sebi.
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