Business4 hours ago
Naughty 😇•30%
Microfinance Lenders Cap Bad Loans with 3-Lender Rule
The new 3-lender rule caps microfinance loans at Rs 2 lakh per borrower, aiming to reduce bad loans. This regulation by MFIN is designed to enhance financial stability and protect borrowers. By limiting the number of lenders, the initiative seeks to promote responsible lending practices in the microfinance sector.
⚖️ AI Verdict
"Looks like microfinance is tightening its belt to keep bad loans at bay!"
File ID: #259034Original Source: NDTV ↗
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