Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 73
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
$message = 'The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 73
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
$stackFrame = (int) 1
$trace = [
	(int) 0 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/ServerRequest.php',
		'line' => (int) 2421,
		'function' => 'deprecationWarning',
		'args' => [
			(int) 0 => 'The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead.'
		]
	],
	(int) 1 => [
		'file' => '/home/brlfuser/public_html/src/Controller/ArtileDetailController.php',
		'line' => (int) 73,
		'function' => 'offsetGet',
		'class' => 'Cake\Http\ServerRequest',
		'object' => object(Cake\Http\ServerRequest) {},
		'type' => '->',
		'args' => [
			(int) 0 => 'catslug'
		]
	],
	(int) 2 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Controller/Controller.php',
		'line' => (int) 610,
		'function' => 'printArticle',
		'class' => 'App\Controller\ArtileDetailController',
		'object' => object(App\Controller\ArtileDetailController) {},
		'type' => '->',
		'args' => []
	],
	(int) 3 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/ActionDispatcher.php',
		'line' => (int) 120,
		'function' => 'invokeAction',
		'class' => 'Cake\Controller\Controller',
		'object' => object(App\Controller\ArtileDetailController) {},
		'type' => '->',
		'args' => []
	],
	(int) 4 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/ActionDispatcher.php',
		'line' => (int) 94,
		'function' => '_invoke',
		'class' => 'Cake\Http\ActionDispatcher',
		'object' => object(Cake\Http\ActionDispatcher) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(App\Controller\ArtileDetailController) {}
		]
	],
	(int) 5 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/BaseApplication.php',
		'line' => (int) 235,
		'function' => 'dispatch',
		'class' => 'Cake\Http\ActionDispatcher',
		'object' => object(Cake\Http\ActionDispatcher) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {}
		]
	],
	(int) 6 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php',
		'line' => (int) 65,
		'function' => '__invoke',
		'class' => 'Cake\Http\BaseApplication',
		'object' => object(App\Application) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {},
			(int) 2 => object(Cake\Http\Runner) {}
		]
	],
	(int) 7 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Routing/Middleware/RoutingMiddleware.php',
		'line' => (int) 162,
		'function' => '__invoke',
		'class' => 'Cake\Http\Runner',
		'object' => object(Cake\Http\Runner) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {}
		]
	],
	(int) 8 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php',
		'line' => (int) 65,
		'function' => '__invoke',
		'class' => 'Cake\Routing\Middleware\RoutingMiddleware',
		'object' => object(Cake\Routing\Middleware\RoutingMiddleware) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {},
			(int) 2 => object(Cake\Http\Runner) {}
		]
	],
	(int) 9 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Routing/Middleware/AssetMiddleware.php',
		'line' => (int) 88,
		'function' => '__invoke',
		'class' => 'Cake\Http\Runner',
		'object' => object(Cake\Http\Runner) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {}
		]
	],
	(int) 10 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php',
		'line' => (int) 65,
		'function' => '__invoke',
		'class' => 'Cake\Routing\Middleware\AssetMiddleware',
		'object' => object(Cake\Routing\Middleware\AssetMiddleware) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {},
			(int) 2 => object(Cake\Http\Runner) {}
		]
	],
	(int) 11 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Middleware/ErrorHandlerMiddleware.php',
		'line' => (int) 96,
		'function' => '__invoke',
		'class' => 'Cake\Http\Runner',
		'object' => object(Cake\Http\Runner) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {}
		]
	],
	(int) 12 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php',
		'line' => (int) 65,
		'function' => '__invoke',
		'class' => 'Cake\Error\Middleware\ErrorHandlerMiddleware',
		'object' => object(Cake\Error\Middleware\ErrorHandlerMiddleware) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {},
			(int) 2 => object(Cake\Http\Runner) {}
		]
	],
	(int) 13 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php',
		'line' => (int) 51,
		'function' => '__invoke',
		'class' => 'Cake\Http\Runner',
		'object' => object(Cake\Http\Runner) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {}
		]
	],
	(int) 14 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Server.php',
		'line' => (int) 98,
		'function' => 'run',
		'class' => 'Cake\Http\Runner',
		'object' => object(Cake\Http\Runner) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\MiddlewareQueue) {},
			(int) 1 => object(Cake\Http\ServerRequest) {},
			(int) 2 => object(Cake\Http\Response) {}
		]
	],
	(int) 15 => [
		'file' => '/home/brlfuser/public_html/webroot/index.php',
		'line' => (int) 39,
		'function' => 'run',
		'class' => 'Cake\Http\Server',
		'object' => object(Cake\Http\Server) {},
		'type' => '->',
		'args' => []
	]
]
$frame = [
	'file' => '/home/brlfuser/public_html/src/Controller/ArtileDetailController.php',
	'line' => (int) 73,
	'function' => 'offsetGet',
	'class' => 'Cake\Http\ServerRequest',
	'object' => object(Cake\Http\ServerRequest) {
		trustProxy => false
		[protected] params => [
			[maximum depth reached]
		]
		[protected] data => [[maximum depth reached]]
		[protected] query => [[maximum depth reached]]
		[protected] cookies => [
			[maximum depth reached]
		]
		[protected] _environment => [
			[maximum depth reached]
		]
		[protected] url => 'latest-news-updates/malegam-to-head-rbi-panel-on-microfinance-by-dinesh-unnikrishnan-3928/print'
		[protected] base => ''
		[protected] webroot => '/'
		[protected] here => '/latest-news-updates/malegam-to-head-rbi-panel-on-microfinance-by-dinesh-unnikrishnan-3928/print'
		[protected] trustedProxies => [[maximum depth reached]]
		[protected] _input => null
		[protected] _detectors => [
			[maximum depth reached]
		]
		[protected] _detectorCache => [
			[maximum depth reached]
		]
		[protected] stream => object(Zend\Diactoros\PhpInputStream) {}
		[protected] uri => object(Zend\Diactoros\Uri) {}
		[protected] session => object(Cake\Http\Session) {}
		[protected] attributes => [[maximum depth reached]]
		[protected] emulatedAttributes => [
			[maximum depth reached]
		]
		[protected] uploadedFiles => [[maximum depth reached]]
		[protected] protocol => null
		[protected] requestTarget => null
		[private] deprecatedProperties => [
			[maximum depth reached]
		]
	},
	'type' => '->',
	'args' => [
		(int) 0 => 'catslug'
	]
]
deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::printArticle() - APP/Controller/ArtileDetailController.php, line 73
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 88
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 74
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
$message = 'The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 74
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
$stackFrame = (int) 1
$trace = [
	(int) 0 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/ServerRequest.php',
		'line' => (int) 2421,
		'function' => 'deprecationWarning',
		'args' => [
			(int) 0 => 'The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead.'
		]
	],
	(int) 1 => [
		'file' => '/home/brlfuser/public_html/src/Controller/ArtileDetailController.php',
		'line' => (int) 74,
		'function' => 'offsetGet',
		'class' => 'Cake\Http\ServerRequest',
		'object' => object(Cake\Http\ServerRequest) {},
		'type' => '->',
		'args' => [
			(int) 0 => 'artileslug'
		]
	],
	(int) 2 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Controller/Controller.php',
		'line' => (int) 610,
		'function' => 'printArticle',
		'class' => 'App\Controller\ArtileDetailController',
		'object' => object(App\Controller\ArtileDetailController) {},
		'type' => '->',
		'args' => []
	],
	(int) 3 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/ActionDispatcher.php',
		'line' => (int) 120,
		'function' => 'invokeAction',
		'class' => 'Cake\Controller\Controller',
		'object' => object(App\Controller\ArtileDetailController) {},
		'type' => '->',
		'args' => []
	],
	(int) 4 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/ActionDispatcher.php',
		'line' => (int) 94,
		'function' => '_invoke',
		'class' => 'Cake\Http\ActionDispatcher',
		'object' => object(Cake\Http\ActionDispatcher) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(App\Controller\ArtileDetailController) {}
		]
	],
	(int) 5 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/BaseApplication.php',
		'line' => (int) 235,
		'function' => 'dispatch',
		'class' => 'Cake\Http\ActionDispatcher',
		'object' => object(Cake\Http\ActionDispatcher) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {}
		]
	],
	(int) 6 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php',
		'line' => (int) 65,
		'function' => '__invoke',
		'class' => 'Cake\Http\BaseApplication',
		'object' => object(App\Application) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {},
			(int) 2 => object(Cake\Http\Runner) {}
		]
	],
	(int) 7 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Routing/Middleware/RoutingMiddleware.php',
		'line' => (int) 162,
		'function' => '__invoke',
		'class' => 'Cake\Http\Runner',
		'object' => object(Cake\Http\Runner) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {}
		]
	],
	(int) 8 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php',
		'line' => (int) 65,
		'function' => '__invoke',
		'class' => 'Cake\Routing\Middleware\RoutingMiddleware',
		'object' => object(Cake\Routing\Middleware\RoutingMiddleware) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {},
			(int) 2 => object(Cake\Http\Runner) {}
		]
	],
	(int) 9 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Routing/Middleware/AssetMiddleware.php',
		'line' => (int) 88,
		'function' => '__invoke',
		'class' => 'Cake\Http\Runner',
		'object' => object(Cake\Http\Runner) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {}
		]
	],
	(int) 10 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php',
		'line' => (int) 65,
		'function' => '__invoke',
		'class' => 'Cake\Routing\Middleware\AssetMiddleware',
		'object' => object(Cake\Routing\Middleware\AssetMiddleware) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {},
			(int) 2 => object(Cake\Http\Runner) {}
		]
	],
	(int) 11 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Middleware/ErrorHandlerMiddleware.php',
		'line' => (int) 96,
		'function' => '__invoke',
		'class' => 'Cake\Http\Runner',
		'object' => object(Cake\Http\Runner) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {}
		]
	],
	(int) 12 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php',
		'line' => (int) 65,
		'function' => '__invoke',
		'class' => 'Cake\Error\Middleware\ErrorHandlerMiddleware',
		'object' => object(Cake\Error\Middleware\ErrorHandlerMiddleware) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {},
			(int) 2 => object(Cake\Http\Runner) {}
		]
	],
	(int) 13 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php',
		'line' => (int) 51,
		'function' => '__invoke',
		'class' => 'Cake\Http\Runner',
		'object' => object(Cake\Http\Runner) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {}
		]
	],
	(int) 14 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Server.php',
		'line' => (int) 98,
		'function' => 'run',
		'class' => 'Cake\Http\Runner',
		'object' => object(Cake\Http\Runner) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\MiddlewareQueue) {},
			(int) 1 => object(Cake\Http\ServerRequest) {},
			(int) 2 => object(Cake\Http\Response) {}
		]
	],
	(int) 15 => [
		'file' => '/home/brlfuser/public_html/webroot/index.php',
		'line' => (int) 39,
		'function' => 'run',
		'class' => 'Cake\Http\Server',
		'object' => object(Cake\Http\Server) {},
		'type' => '->',
		'args' => []
	]
]
$frame = [
	'file' => '/home/brlfuser/public_html/src/Controller/ArtileDetailController.php',
	'line' => (int) 74,
	'function' => 'offsetGet',
	'class' => 'Cake\Http\ServerRequest',
	'object' => object(Cake\Http\ServerRequest) {
		trustProxy => false
		[protected] params => [
			[maximum depth reached]
		]
		[protected] data => [[maximum depth reached]]
		[protected] query => [[maximum depth reached]]
		[protected] cookies => [
			[maximum depth reached]
		]
		[protected] _environment => [
			[maximum depth reached]
		]
		[protected] url => 'latest-news-updates/malegam-to-head-rbi-panel-on-microfinance-by-dinesh-unnikrishnan-3928/print'
		[protected] base => ''
		[protected] webroot => '/'
		[protected] here => '/latest-news-updates/malegam-to-head-rbi-panel-on-microfinance-by-dinesh-unnikrishnan-3928/print'
		[protected] trustedProxies => [[maximum depth reached]]
		[protected] _input => null
		[protected] _detectors => [
			[maximum depth reached]
		]
		[protected] _detectorCache => [
			[maximum depth reached]
		]
		[protected] stream => object(Zend\Diactoros\PhpInputStream) {}
		[protected] uri => object(Zend\Diactoros\Uri) {}
		[protected] session => object(Cake\Http\Session) {}
		[protected] attributes => [[maximum depth reached]]
		[protected] emulatedAttributes => [
			[maximum depth reached]
		]
		[protected] uploadedFiles => [[maximum depth reached]]
		[protected] protocol => null
		[protected] requestTarget => null
		[private] deprecatedProperties => [
			[maximum depth reached]
		]
	},
	'type' => '->',
	'args' => [
		(int) 0 => 'artileslug'
	]
]
deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::printArticle() - APP/Controller/ArtileDetailController.php, line 74
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 88
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
            if (Configure::read('debug')) {

                trigger_error($message, E_USER_WARNING);

            } else {
$response = object(Cake\Http\Response) {

	'status' => (int) 200,
	'contentType' => 'text/html',
	'headers' => [
		'Content-Type' => [
			[maximum depth reached]
		]
	],
	'file' => null,
	'fileRange' => [],
	'cookies' => object(Cake\Http\Cookie\CookieCollection) {},
	'cacheDirectives' => [],
	'body' => '<!DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN"
        "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd">
<html xmlns="http://www.w3.org/1999/xhtml">
<head>
    <link rel="canonical" href="https://im4change.in/<pre class="cake-error"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr68050c2e68265-trace').style.display = (document.getElementById('cakeErr68050c2e68265-trace').style.display == 'none' ? '' : 'none');"><b>Notice</b> (8)</a>: Undefined variable: urlPrefix [<b>APP/Template/Layout/printlayout.ctp</b>, line <b>8</b>]<div id="cakeErr68050c2e68265-trace" class="cake-stack-trace" style="display: none;"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr68050c2e68265-code').style.display = (document.getElementById('cakeErr68050c2e68265-code').style.display == 'none' ? '' : 'none')">Code</a> <a href="javascript:void(0);" onclick="document.getElementById('cakeErr68050c2e68265-context').style.display = (document.getElementById('cakeErr68050c2e68265-context').style.display == 'none' ? '' : 'none')">Context</a><pre id="cakeErr68050c2e68265-code" class="cake-code-dump" style="display: none;"><code><span style="color: #000000"><span style="color: #0000BB"></span><span style="color: #007700">&lt;</span><span style="color: #0000BB">head</span><span style="color: #007700">&gt;
</span></span></code>
<span class="code-highlight"><code><span style="color: #000000">&nbsp;&nbsp;&nbsp;&nbsp;&lt;link&nbsp;rel="canonical"&nbsp;href="<span style="color: #0000BB">&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">Configure</span><span style="color: #007700">::</span><span style="color: #0000BB">read</span><span style="color: #007700">(</span><span style="color: #DD0000">'SITE_URL'</span><span style="color: #007700">);&nbsp;</span><span style="color: #0000BB">?&gt;&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">$urlPrefix</span><span style="color: #007700">;</span><span style="color: #0000BB">?&gt;&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-&gt;</span><span style="color: #0000BB">category</span><span style="color: #007700">-&gt;</span><span style="color: #0000BB">slug</span><span style="color: #007700">;&nbsp;</span><span style="color: #0000BB">?&gt;</span>/<span style="color: #0000BB">&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-&gt;</span><span style="color: #0000BB">seo_url</span><span style="color: #007700">;&nbsp;</span><span style="color: #0000BB">?&gt;</span>.html"/&gt;
</span></code></span>
<code><span style="color: #000000"><span style="color: #0000BB">&nbsp;&nbsp;&nbsp;&nbsp;</span><span style="color: #007700">&lt;</span><span style="color: #0000BB">meta&nbsp;http</span><span style="color: #007700">-</span><span style="color: #0000BB">equiv</span><span style="color: #007700">=</span><span style="color: #DD0000">"Content-Type"&nbsp;</span><span style="color: #0000BB">content</span><span style="color: #007700">=</span><span style="color: #DD0000">"text/html;&nbsp;charset=utf-8"</span><span style="color: #007700">/&gt;
</span></span></code></pre><pre id="cakeErr68050c2e68265-context" class="cake-context" style="display: none;">$viewFile = &#039;/home/brlfuser/public_html/src/Template/Layout/printlayout.ctp&#039;
$dataForView = [
	&#039;article_current&#039; =&gt; object(App\Model\Entity\Article) {

		&#039;id&#039; =&gt; (int) 3838,
		&#039;title&#039; =&gt; &#039;Malegam to head RBI panel on microfinance by Dinesh Unnikrishnan&#039;,
		&#039;subheading&#039; =&gt; &#039;&#039;,
		&#039;description&#039; =&gt; &#039;&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;&lt;br /&gt;
&lt;/font&gt;
&lt;div align=&quot;justify&quot;&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;Financial sector expert Y.H. Malegam will head a Reserve Bank of India (RBI) panel to look into the functioning of microfinance institutions or MFIs and their regulations. The MFIs are in the business of giving tiny loans.&lt;/font&gt;&lt;br /&gt;
&lt;br /&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;Kumar Mangalam Birla, Shashi Rajagopalan and U.R. Rao &amp;ndash; all on the boards of the Indian central bank &amp;ndash; and RBI deputy governor K.C. Chakrabarty are the members of the panel.&lt;/font&gt;&lt;br /&gt;
&lt;br /&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;The committee, which will submit its report in three months, will discuss critical issues that have been affecting the sector, ranging from high interest rates to the strong-arm methods used by such firms to recover loans.&lt;/font&gt;&lt;br /&gt;
&lt;br /&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;&amp;ldquo;There have been some concerns expressed in the media about high interest rates, coercive recovery processes and multiple lending practised by some microfinance institutions,&amp;rdquo; an RBI release said.&lt;/font&gt;&lt;br /&gt;
&lt;br /&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;The committee will &amp;ldquo;study the issues and concerns in this sector, including ways and means of making interest rates charged by them reasonable.&amp;rdquo;&lt;/font&gt;&lt;br /&gt;
&lt;br /&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;Currently, the top MFIs, around 20 of them, operate as non-banking finance companies and are regulated by RBI. The remaining around 800 MFIs are outside the regulator&amp;rsquo;s purview. In terms of volume of business, the top 20 MFIs control about 80% of business.&lt;/font&gt;&lt;br /&gt;
&lt;br /&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;&amp;ldquo;Although the registered companies cover over 80% of the microfinance business, in terms of number of companies they constitute a small percentage of the total number of MFIs in the country. The Reserve Bank, however, does not prescribe lending rates for these institutions,&amp;rdquo; the RBI said.&lt;/font&gt;&lt;br /&gt;
&lt;br /&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;The central bank constituted the committee shortly after Andhra Pradesh government approved an ordinance to regulate the MFI operations, after nearly 30 deaths in a span of one and a half months reportedly due to the harassment by MFIs, PTI reported last week quoting official sources. According to the ordinance, MFIs should specify the area of their operations, the rate of interest, the system of operation and recovery to the government authorities.&lt;/font&gt;&lt;br /&gt;
&lt;br /&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;The RBI committee will meet the government representatives of Andhra Pradesh as well as other states before finalizing their report.&lt;/font&gt;&lt;br /&gt;
&lt;br /&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;Recently, the finance ministry has written to state-run banks asking them to ensure that the &amp;ldquo;large and well established&amp;rdquo; MFIs should charge 22-24% to their clients and smaller MFIs must prepare a road map to bring down their interest rates.&lt;/font&gt;&lt;br /&gt;
&lt;br /&gt;
&lt;/div&gt;&#039;,
		&#039;credit_writer&#039; =&gt; &#039;Live Mint, 19 October, 2010, http://www.livemint.com/2010/10/19191543/Malegam-to-head-RBI-panel-on-m.html&#039;,
		&#039;article_img&#039; =&gt; &#039;&#039;,
		&#039;article_img_thumb&#039; =&gt; &#039;&#039;,
		&#039;status&#039; =&gt; (int) 1,
		&#039;show_on_home&#039; =&gt; (int) 1,
		&#039;lang&#039; =&gt; &#039;EN&#039;,
		&#039;category_id&#039; =&gt; (int) 16,
		&#039;tag_keyword&#039; =&gt; &#039;&#039;,
		&#039;seo_url&#039; =&gt; &#039;malegam-to-head-rbi-panel-on-microfinance-by-dinesh-unnikrishnan-3928&#039;,
		&#039;meta_title&#039; =&gt; null,
		&#039;meta_keywords&#039; =&gt; null,
		&#039;meta_description&#039; =&gt; null,
		&#039;noindex&#039; =&gt; (int) 0,
		&#039;publish_date&#039; =&gt; object(Cake\I18n\FrozenDate) {},
		&#039;most_visit_section_id&#039; =&gt; null,
		&#039;article_big_img&#039; =&gt; null,
		&#039;liveid&#039; =&gt; (int) 3928,
		&#039;created&#039; =&gt; object(Cake\I18n\FrozenTime) {},
		&#039;modified&#039; =&gt; object(Cake\I18n\FrozenTime) {},
		&#039;edate&#039; =&gt; &#039;&#039;,
		&#039;tags&#039; =&gt; [
			[maximum depth reached]
		],
		&#039;category&#039; =&gt; object(App\Model\Entity\Category) {},
		&#039;[new]&#039; =&gt; false,
		&#039;[accessible]&#039; =&gt; [
			[maximum depth reached]
		],
		&#039;[dirty]&#039; =&gt; [[maximum depth reached]],
		&#039;[original]&#039; =&gt; [[maximum depth reached]],
		&#039;[virtual]&#039; =&gt; [[maximum depth reached]],
		&#039;[hasErrors]&#039; =&gt; false,
		&#039;[errors]&#039; =&gt; [[maximum depth reached]],
		&#039;[invalid]&#039; =&gt; [[maximum depth reached]],
		&#039;[repository]&#039; =&gt; &#039;Articles&#039;
	
	},
	&#039;articleid&#039; =&gt; (int) 3838,
	&#039;metaTitle&#039; =&gt; &#039;LATEST NEWS UPDATES | Malegam to head RBI panel on microfinance by Dinesh Unnikrishnan&#039;,
	&#039;metaKeywords&#039; =&gt; &#039;Microfinance&#039;,
	&#039;metaDesc&#039; =&gt; &#039;


Financial sector expert Y.H. Malegam will head a Reserve Bank of India (RBI) panel to look into the functioning of microfinance institutions or MFIs and their regulations. The MFIs are in the business of giving tiny loans.

Kumar Mangalam Birla, Shashi...&#039;,
	&#039;disp&#039; =&gt; &#039;&lt;font &gt;&lt;br /&gt;&lt;/font&gt;&lt;div align=&quot;justify&quot;&gt;&lt;font &gt;Financial sector expert Y.H. Malegam will head a Reserve Bank of India (RBI) panel to look into the functioning of microfinance institutions or MFIs and their regulations. The MFIs are in the business of giving tiny loans.&lt;/font&gt;&lt;br /&gt;&lt;br /&gt;&lt;font &gt;Kumar Mangalam Birla, Shashi Rajagopalan and U.R. Rao &amp;ndash; all on the boards of the Indian central bank &amp;ndash; and RBI deputy governor K.C. Chakrabarty are the members of the panel.&lt;/font&gt;&lt;br /&gt;&lt;br /&gt;&lt;font &gt;The committee, which will submit its report in three months, will discuss critical issues that have been affecting the sector, ranging from high interest rates to the strong-arm methods used by such firms to recover loans.&lt;/font&gt;&lt;br /&gt;&lt;br /&gt;&lt;font &gt;&amp;ldquo;There have been some concerns expressed in the media about high interest rates, coercive recovery processes and multiple lending practised by some microfinance institutions,&amp;rdquo; an RBI release said.&lt;/font&gt;&lt;br /&gt;&lt;br /&gt;&lt;font &gt;The committee will &amp;ldquo;study the issues and concerns in this sector, including ways and means of making interest rates charged by them reasonable.&amp;rdquo;&lt;/font&gt;&lt;br /&gt;&lt;br /&gt;&lt;font &gt;Currently, the top MFIs, around 20 of them, operate as non-banking finance companies and are regulated by RBI. The remaining around 800 MFIs are outside the regulator&amp;rsquo;s purview. In terms of volume of business, the top 20 MFIs control about 80% of business.&lt;/font&gt;&lt;br /&gt;&lt;br /&gt;&lt;font &gt;&amp;ldquo;Although the registered companies cover over 80% of the microfinance business, in terms of number of companies they constitute a small percentage of the total number of MFIs in the country. The Reserve Bank, however, does not prescribe lending rates for these institutions,&amp;rdquo; the RBI said.&lt;/font&gt;&lt;br /&gt;&lt;br /&gt;&lt;font &gt;The central bank constituted the committee shortly after Andhra Pradesh government approved an ordinance to regulate the MFI operations, after nearly 30 deaths in a span of one and a half months reportedly due to the harassment by MFIs, PTI reported last week quoting official sources. According to the ordinance, MFIs should specify the area of their operations, the rate of interest, the system of operation and recovery to the government authorities.&lt;/font&gt;&lt;br /&gt;&lt;br /&gt;&lt;font &gt;The RBI committee will meet the government representatives of Andhra Pradesh as well as other states before finalizing their report.&lt;/font&gt;&lt;br /&gt;&lt;br /&gt;&lt;font &gt;Recently, the finance ministry has written to state-run banks asking them to ensure that the &amp;ldquo;large and well established&amp;rdquo; MFIs should charge 22-24% to their clients and smaller MFIs must prepare a road map to bring down their interest rates.&lt;/font&gt;&lt;br /&gt;&lt;br /&gt;&lt;/div&gt;&#039;,
	&#039;lang&#039; =&gt; &#039;English&#039;,
	&#039;SITE_URL&#039; =&gt; &#039;https://im4change.in/&#039;,
	&#039;site_title&#039; =&gt; &#039;im4change&#039;,
	&#039;adminprix&#039; =&gt; &#039;admin&#039;
]
$article_current = object(App\Model\Entity\Article) {

	&#039;id&#039; =&gt; (int) 3838,
	&#039;title&#039; =&gt; &#039;Malegam to head RBI panel on microfinance by Dinesh Unnikrishnan&#039;,
	&#039;subheading&#039; =&gt; &#039;&#039;,
	&#039;description&#039; =&gt; &#039;&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;&lt;br /&gt;
&lt;/font&gt;
&lt;div align=&quot;justify&quot;&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;Financial sector expert Y.H. Malegam will head a Reserve Bank of India (RBI) panel to look into the functioning of microfinance institutions or MFIs and their regulations. The MFIs are in the business of giving tiny loans.&lt;/font&gt;&lt;br /&gt;
&lt;br /&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;Kumar Mangalam Birla, Shashi Rajagopalan and U.R. Rao &amp;ndash; all on the boards of the Indian central bank &amp;ndash; and RBI deputy governor K.C. Chakrabarty are the members of the panel.&lt;/font&gt;&lt;br /&gt;
&lt;br /&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;The committee, which will submit its report in three months, will discuss critical issues that have been affecting the sector, ranging from high interest rates to the strong-arm methods used by such firms to recover loans.&lt;/font&gt;&lt;br /&gt;
&lt;br /&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;&amp;ldquo;There have been some concerns expressed in the media about high interest rates, coercive recovery processes and multiple lending practised by some microfinance institutions,&amp;rdquo; an RBI release said.&lt;/font&gt;&lt;br /&gt;
&lt;br /&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;The committee will &amp;ldquo;study the issues and concerns in this sector, including ways and means of making interest rates charged by them reasonable.&amp;rdquo;&lt;/font&gt;&lt;br /&gt;
&lt;br /&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;Currently, the top MFIs, around 20 of them, operate as non-banking finance companies and are regulated by RBI. The remaining around 800 MFIs are outside the regulator&amp;rsquo;s purview. In terms of volume of business, the top 20 MFIs control about 80% of business.&lt;/font&gt;&lt;br /&gt;
&lt;br /&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;&amp;ldquo;Although the registered companies cover over 80% of the microfinance business, in terms of number of companies they constitute a small percentage of the total number of MFIs in the country. The Reserve Bank, however, does not prescribe lending rates for these institutions,&amp;rdquo; the RBI said.&lt;/font&gt;&lt;br /&gt;
&lt;br /&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;The central bank constituted the committee shortly after Andhra Pradesh government approved an ordinance to regulate the MFI operations, after nearly 30 deaths in a span of one and a half months reportedly due to the harassment by MFIs, PTI reported last week quoting official sources. According to the ordinance, MFIs should specify the area of their operations, the rate of interest, the system of operation and recovery to the government authorities.&lt;/font&gt;&lt;br /&gt;
&lt;br /&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;The RBI committee will meet the government representatives of Andhra Pradesh as well as other states before finalizing their report.&lt;/font&gt;&lt;br /&gt;
&lt;br /&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;Recently, the finance ministry has written to state-run banks asking them to ensure that the &amp;ldquo;large and well established&amp;rdquo; MFIs should charge 22-24% to their clients and smaller MFIs must prepare a road map to bring down their interest rates.&lt;/font&gt;&lt;br /&gt;
&lt;br /&gt;
&lt;/div&gt;&#039;,
	&#039;credit_writer&#039; =&gt; &#039;Live Mint, 19 October, 2010, http://www.livemint.com/2010/10/19191543/Malegam-to-head-RBI-panel-on-m.html&#039;,
	&#039;article_img&#039; =&gt; &#039;&#039;,
	&#039;article_img_thumb&#039; =&gt; &#039;&#039;,
	&#039;status&#039; =&gt; (int) 1,
	&#039;show_on_home&#039; =&gt; (int) 1,
	&#039;lang&#039; =&gt; &#039;EN&#039;,
	&#039;category_id&#039; =&gt; (int) 16,
	&#039;tag_keyword&#039; =&gt; &#039;&#039;,
	&#039;seo_url&#039; =&gt; &#039;malegam-to-head-rbi-panel-on-microfinance-by-dinesh-unnikrishnan-3928&#039;,
	&#039;meta_title&#039; =&gt; null,
	&#039;meta_keywords&#039; =&gt; null,
	&#039;meta_description&#039; =&gt; null,
	&#039;noindex&#039; =&gt; (int) 0,
	&#039;publish_date&#039; =&gt; object(Cake\I18n\FrozenDate) {},
	&#039;most_visit_section_id&#039; =&gt; null,
	&#039;article_big_img&#039; =&gt; null,
	&#039;liveid&#039; =&gt; (int) 3928,
	&#039;created&#039; =&gt; object(Cake\I18n\FrozenTime) {},
	&#039;modified&#039; =&gt; object(Cake\I18n\FrozenTime) {},
	&#039;edate&#039; =&gt; &#039;&#039;,
	&#039;tags&#039; =&gt; [
		(int) 0 =&gt; object(Cake\ORM\Entity) {}
	],
	&#039;category&#039; =&gt; object(App\Model\Entity\Category) {},
	&#039;[new]&#039; =&gt; false,
	&#039;[accessible]&#039; =&gt; [
		&#039;*&#039; =&gt; true,
		&#039;id&#039; =&gt; false
	],
	&#039;[dirty]&#039; =&gt; [],
	&#039;[original]&#039; =&gt; [],
	&#039;[virtual]&#039; =&gt; [],
	&#039;[hasErrors]&#039; =&gt; false,
	&#039;[errors]&#039; =&gt; [],
	&#039;[invalid]&#039; =&gt; [],
	&#039;[repository]&#039; =&gt; &#039;Articles&#039;

}
$articleid = (int) 3838
$metaTitle = &#039;LATEST NEWS UPDATES | Malegam to head RBI panel on microfinance by Dinesh Unnikrishnan&#039;
$metaKeywords = &#039;Microfinance&#039;
$metaDesc = &#039;


Financial sector expert Y.H. Malegam will head a Reserve Bank of India (RBI) panel to look into the functioning of microfinance institutions or MFIs and their regulations. The MFIs are in the business of giving tiny loans.

Kumar Mangalam Birla, Shashi...&#039;
$disp = &#039;&lt;font &gt;&lt;br /&gt;&lt;/font&gt;&lt;div align=&quot;justify&quot;&gt;&lt;font &gt;Financial sector expert Y.H. Malegam will head a Reserve Bank of India (RBI) panel to look into the functioning of microfinance institutions or MFIs and their regulations. The MFIs are in the business of giving tiny loans.&lt;/font&gt;&lt;br /&gt;&lt;br /&gt;&lt;font &gt;Kumar Mangalam Birla, Shashi Rajagopalan and U.R. Rao &amp;ndash; all on the boards of the Indian central bank &amp;ndash; and RBI deputy governor K.C. Chakrabarty are the members of the panel.&lt;/font&gt;&lt;br /&gt;&lt;br /&gt;&lt;font &gt;The committee, which will submit its report in three months, will discuss critical issues that have been affecting the sector, ranging from high interest rates to the strong-arm methods used by such firms to recover loans.&lt;/font&gt;&lt;br /&gt;&lt;br /&gt;&lt;font &gt;&amp;ldquo;There have been some concerns expressed in the media about high interest rates, coercive recovery processes and multiple lending practised by some microfinance institutions,&amp;rdquo; an RBI release said.&lt;/font&gt;&lt;br /&gt;&lt;br /&gt;&lt;font &gt;The committee will &amp;ldquo;study the issues and concerns in this sector, including ways and means of making interest rates charged by them reasonable.&amp;rdquo;&lt;/font&gt;&lt;br /&gt;&lt;br /&gt;&lt;font &gt;Currently, the top MFIs, around 20 of them, operate as non-banking finance companies and are regulated by RBI. The remaining around 800 MFIs are outside the regulator&amp;rsquo;s purview. In terms of volume of business, the top 20 MFIs control about 80% of business.&lt;/font&gt;&lt;br /&gt;&lt;br /&gt;&lt;font &gt;&amp;ldquo;Although the registered companies cover over 80% of the microfinance business, in terms of number of companies they constitute a small percentage of the total number of MFIs in the country. The Reserve Bank, however, does not prescribe lending rates for these institutions,&amp;rdquo; the RBI said.&lt;/font&gt;&lt;br /&gt;&lt;br /&gt;&lt;font &gt;The central bank constituted the committee shortly after Andhra Pradesh government approved an ordinance to regulate the MFI operations, after nearly 30 deaths in a span of one and a half months reportedly due to the harassment by MFIs, PTI reported last week quoting official sources. According to the ordinance, MFIs should specify the area of their operations, the rate of interest, the system of operation and recovery to the government authorities.&lt;/font&gt;&lt;br /&gt;&lt;br /&gt;&lt;font &gt;The RBI committee will meet the government representatives of Andhra Pradesh as well as other states before finalizing their report.&lt;/font&gt;&lt;br /&gt;&lt;br /&gt;&lt;font &gt;Recently, the finance ministry has written to state-run banks asking them to ensure that the &amp;ldquo;large and well established&amp;rdquo; MFIs should charge 22-24% to their clients and smaller MFIs must prepare a road map to bring down their interest rates.&lt;/font&gt;&lt;br /&gt;&lt;br /&gt;&lt;/div&gt;&#039;
$lang = &#039;English&#039;
$SITE_URL = &#039;https://im4change.in/&#039;
$site_title = &#039;im4change&#039;
$adminprix = &#039;admin&#039;</pre><pre class="stack-trace">include - APP/Template/Layout/printlayout.ctp, line 8
Cake\View\View::_evaluate() - CORE/src/View/View.php, line 1413
Cake\View\View::_render() - CORE/src/View/View.php, line 1374
Cake\View\View::renderLayout() - CORE/src/View/View.php, line 927
Cake\View\View::render() - CORE/src/View/View.php, line 885
Cake\Controller\Controller::render() - CORE/src/Controller/Controller.php, line 791
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 126
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 88
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51</pre></div></pre>latest-news-updates/malegam-to-head-rbi-panel-on-microfinance-by-dinesh-unnikrishnan-3928.html"/>
    <meta http-equiv="Content-Type" content="text/html; charset=utf-8"/>
    <link href="https://im4change.in/css/control.css" rel="stylesheet" type="text/css"
          media="all"/>
    <title>LATEST NEWS UPDATES | Malegam to head RBI panel on microfinance by Dinesh Unnikrishnan | Im4change.org</title>
    <meta name="description" content="


Financial sector expert Y.H. Malegam will head a Reserve Bank of India (RBI) panel to look into the functioning of microfinance institutions or MFIs and their regulations. The MFIs are in the business of giving tiny loans.

Kumar Mangalam Birla, Shashi..."/>
    <script src="https://im4change.in/js/jquery-1.10.2.js"></script>
    <script type="text/javascript" src="https://im4change.in/js/jquery-migrate.min.js"></script>
    <script language="javascript" type="text/javascript">

        $(document).ready(function () {
            var img = $("img")[0]; // Get my img elem
            var pic_real_width, pic_real_height;
            $("<img/>") // Make in memory copy of image to avoid css issues
                .attr("src", $(img).attr("src"))
                .load(function () {
                    pic_real_width = this.width;   // Note: $(this).width() will not
                    pic_real_height = this.height; // work for in memory images.
                });
        });
    </script>
    <style type="text/css">
        @media screen {
            div.divFooter {
                display: block;
            }
        }

        @media print {
            .printbutton {
                display: none !important;
            }
        }
    </style>
</head>
<body>
<table cellpadding="0" cellspacing="0" border="0" width="98%" align="center">
    <tr>
        <td class="top_bg">
            <div class="divFooter">
                <img src="https://im4change.in/images/logo1.jpg" height="59" border="0"
                     alt="Resource centre on India's rural distress" style="padding-top:14px;"/>
            </div>

        </td>
    </tr>
    <tr>
        <td id="topspace">&nbsp;</td>
    </tr>

    <tr id="topspace">
        <td>&nbsp;</td>
    </tr>
    <tr>
        <td height="50" style="border-bottom:1px solid #000; padding-top:10px;" class="printbutton">
            <form><input type="button" value=" Print this page "
                         onclick="window.print();return false;"/></form>
        </td>
    </tr>

    <tr>
        <td width="100%">
            <h1 class="news_headlines" style="font-style:normal">
                <strong>Malegam to head RBI panel on microfinance by Dinesh Unnikrishnan</strong></h1>
        </td>
    </tr>
    <tr>
        <td width="100%" style="font-family:Arial, 'Segoe Script', 'Segoe UI', sans-serif, serif"><font size="3">
                <font ><br /></font><div align="justify"><font >Financial sector expert Y.H. Malegam will head a Reserve Bank of India (RBI) panel to look into the functioning of microfinance institutions or MFIs and their regulations. The MFIs are in the business of giving tiny loans.</font><br /><br /><font >Kumar Mangalam Birla, Shashi Rajagopalan and U.R. Rao &ndash; all on the boards of the Indian central bank &ndash; and RBI deputy governor K.C. Chakrabarty are the members of the panel.</font><br /><br /><font >The committee, which will submit its report in three months, will discuss critical issues that have been affecting the sector, ranging from high interest rates to the strong-arm methods used by such firms to recover loans.</font><br /><br /><font >&ldquo;There have been some concerns expressed in the media about high interest rates, coercive recovery processes and multiple lending practised by some microfinance institutions,&rdquo; an RBI release said.</font><br /><br /><font >The committee will &ldquo;study the issues and concerns in this sector, including ways and means of making interest rates charged by them reasonable.&rdquo;</font><br /><br /><font >Currently, the top MFIs, around 20 of them, operate as non-banking finance companies and are regulated by RBI. The remaining around 800 MFIs are outside the regulator&rsquo;s purview. In terms of volume of business, the top 20 MFIs control about 80% of business.</font><br /><br /><font >&ldquo;Although the registered companies cover over 80% of the microfinance business, in terms of number of companies they constitute a small percentage of the total number of MFIs in the country. The Reserve Bank, however, does not prescribe lending rates for these institutions,&rdquo; the RBI said.</font><br /><br /><font >The central bank constituted the committee shortly after Andhra Pradesh government approved an ordinance to regulate the MFI operations, after nearly 30 deaths in a span of one and a half months reportedly due to the harassment by MFIs, PTI reported last week quoting official sources. According to the ordinance, MFIs should specify the area of their operations, the rate of interest, the system of operation and recovery to the government authorities.</font><br /><br /><font >The RBI committee will meet the government representatives of Andhra Pradesh as well as other states before finalizing their report.</font><br /><br /><font >Recently, the finance ministry has written to state-run banks asking them to ensure that the &ldquo;large and well established&rdquo; MFIs should charge 22-24% to their clients and smaller MFIs must prepare a road map to bring down their interest rates.</font><br /><br /></div>               </font>
        </td>
    </tr>
    <tr>
        <td>&nbsp;</td>
    </tr>

    <tr>
        <td height="50" style="border-top:1px solid #000; border-bottom:1px solid #000;padding-top:10px;">
            <form><input type="button" value=" Print this page "
                         onclick="window.print();return false;"/></form>
        </td>
    </tr>
</table></body>
</html>'

}
$maxBufferLength = (int) 8192
$file = '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php'
$line = (int) 853
$message = 'Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853'
Cake\Http\ResponseEmitter::emit() - CORE/src/Http/ResponseEmitter.php, line 48
Cake\Http\Server::emit() - CORE/src/Http/Server.php, line 141
[main] - ROOT/webroot/index.php, line 39

Warning (2): Cannot modify header information - headers already sent by (output started at /home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php:853) [CORE/src/Http/ResponseEmitter.php, line 148]
Code Context
            $response->getStatusCode(),

            ($reasonPhrase ? ' ' . $reasonPhrase : '')

        ));
$response = object(Cake\Http\Response) {

	'status' => (int) 200,
	'contentType' => 'text/html',
	'headers' => [
		'Content-Type' => [
			[maximum depth reached]
		]
	],
	'file' => null,
	'fileRange' => [],
	'cookies' => object(Cake\Http\Cookie\CookieCollection) {},
	'cacheDirectives' => [],
	'body' => '<!DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN"
        "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd">
<html xmlns="http://www.w3.org/1999/xhtml">
<head>
    <link rel="canonical" href="https://im4change.in/<pre class="cake-error"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr68050c2e68265-trace').style.display = (document.getElementById('cakeErr68050c2e68265-trace').style.display == 'none' ? '' : 'none');"><b>Notice</b> (8)</a>: Undefined variable: urlPrefix [<b>APP/Template/Layout/printlayout.ctp</b>, line <b>8</b>]<div id="cakeErr68050c2e68265-trace" class="cake-stack-trace" style="display: none;"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr68050c2e68265-code').style.display = (document.getElementById('cakeErr68050c2e68265-code').style.display == 'none' ? '' : 'none')">Code</a> <a href="javascript:void(0);" onclick="document.getElementById('cakeErr68050c2e68265-context').style.display = (document.getElementById('cakeErr68050c2e68265-context').style.display == 'none' ? '' : 'none')">Context</a><pre id="cakeErr68050c2e68265-code" class="cake-code-dump" style="display: none;"><code><span style="color: #000000"><span style="color: #0000BB"></span><span style="color: #007700">&lt;</span><span style="color: #0000BB">head</span><span style="color: #007700">&gt;
</span></span></code>
<span class="code-highlight"><code><span style="color: #000000">&nbsp;&nbsp;&nbsp;&nbsp;&lt;link&nbsp;rel="canonical"&nbsp;href="<span style="color: #0000BB">&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">Configure</span><span style="color: #007700">::</span><span style="color: #0000BB">read</span><span style="color: #007700">(</span><span style="color: #DD0000">'SITE_URL'</span><span style="color: #007700">);&nbsp;</span><span style="color: #0000BB">?&gt;&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">$urlPrefix</span><span style="color: #007700">;</span><span style="color: #0000BB">?&gt;&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-&gt;</span><span style="color: #0000BB">category</span><span style="color: #007700">-&gt;</span><span style="color: #0000BB">slug</span><span style="color: #007700">;&nbsp;</span><span style="color: #0000BB">?&gt;</span>/<span style="color: #0000BB">&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-&gt;</span><span style="color: #0000BB">seo_url</span><span style="color: #007700">;&nbsp;</span><span style="color: #0000BB">?&gt;</span>.html"/&gt;
</span></code></span>
<code><span style="color: #000000"><span style="color: #0000BB">&nbsp;&nbsp;&nbsp;&nbsp;</span><span style="color: #007700">&lt;</span><span style="color: #0000BB">meta&nbsp;http</span><span style="color: #007700">-</span><span style="color: #0000BB">equiv</span><span style="color: #007700">=</span><span style="color: #DD0000">"Content-Type"&nbsp;</span><span style="color: #0000BB">content</span><span style="color: #007700">=</span><span style="color: #DD0000">"text/html;&nbsp;charset=utf-8"</span><span style="color: #007700">/&gt;
</span></span></code></pre><pre id="cakeErr68050c2e68265-context" class="cake-context" style="display: none;">$viewFile = &#039;/home/brlfuser/public_html/src/Template/Layout/printlayout.ctp&#039;
$dataForView = [
	&#039;article_current&#039; =&gt; object(App\Model\Entity\Article) {

		&#039;id&#039; =&gt; (int) 3838,
		&#039;title&#039; =&gt; &#039;Malegam to head RBI panel on microfinance by Dinesh Unnikrishnan&#039;,
		&#039;subheading&#039; =&gt; &#039;&#039;,
		&#039;description&#039; =&gt; &#039;&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;&lt;br /&gt;
&lt;/font&gt;
&lt;div align=&quot;justify&quot;&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;Financial sector expert Y.H. Malegam will head a Reserve Bank of India (RBI) panel to look into the functioning of microfinance institutions or MFIs and their regulations. The MFIs are in the business of giving tiny loans.&lt;/font&gt;&lt;br /&gt;
&lt;br /&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;Kumar Mangalam Birla, Shashi Rajagopalan and U.R. Rao &amp;ndash; all on the boards of the Indian central bank &amp;ndash; and RBI deputy governor K.C. Chakrabarty are the members of the panel.&lt;/font&gt;&lt;br /&gt;
&lt;br /&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;The committee, which will submit its report in three months, will discuss critical issues that have been affecting the sector, ranging from high interest rates to the strong-arm methods used by such firms to recover loans.&lt;/font&gt;&lt;br /&gt;
&lt;br /&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;&amp;ldquo;There have been some concerns expressed in the media about high interest rates, coercive recovery processes and multiple lending practised by some microfinance institutions,&amp;rdquo; an RBI release said.&lt;/font&gt;&lt;br /&gt;
&lt;br /&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;The committee will &amp;ldquo;study the issues and concerns in this sector, including ways and means of making interest rates charged by them reasonable.&amp;rdquo;&lt;/font&gt;&lt;br /&gt;
&lt;br /&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;Currently, the top MFIs, around 20 of them, operate as non-banking finance companies and are regulated by RBI. The remaining around 800 MFIs are outside the regulator&amp;rsquo;s purview. In terms of volume of business, the top 20 MFIs control about 80% of business.&lt;/font&gt;&lt;br /&gt;
&lt;br /&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;&amp;ldquo;Although the registered companies cover over 80% of the microfinance business, in terms of number of companies they constitute a small percentage of the total number of MFIs in the country. The Reserve Bank, however, does not prescribe lending rates for these institutions,&amp;rdquo; the RBI said.&lt;/font&gt;&lt;br /&gt;
&lt;br /&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;The central bank constituted the committee shortly after Andhra Pradesh government approved an ordinance to regulate the MFI operations, after nearly 30 deaths in a span of one and a half months reportedly due to the harassment by MFIs, PTI reported last week quoting official sources. According to the ordinance, MFIs should specify the area of their operations, the rate of interest, the system of operation and recovery to the government authorities.&lt;/font&gt;&lt;br /&gt;
&lt;br /&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;The RBI committee will meet the government representatives of Andhra Pradesh as well as other states before finalizing their report.&lt;/font&gt;&lt;br /&gt;
&lt;br /&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;Recently, the finance ministry has written to state-run banks asking them to ensure that the &amp;ldquo;large and well established&amp;rdquo; MFIs should charge 22-24% to their clients and smaller MFIs must prepare a road map to bring down their interest rates.&lt;/font&gt;&lt;br /&gt;
&lt;br /&gt;
&lt;/div&gt;&#039;,
		&#039;credit_writer&#039; =&gt; &#039;Live Mint, 19 October, 2010, http://www.livemint.com/2010/10/19191543/Malegam-to-head-RBI-panel-on-m.html&#039;,
		&#039;article_img&#039; =&gt; &#039;&#039;,
		&#039;article_img_thumb&#039; =&gt; &#039;&#039;,
		&#039;status&#039; =&gt; (int) 1,
		&#039;show_on_home&#039; =&gt; (int) 1,
		&#039;lang&#039; =&gt; &#039;EN&#039;,
		&#039;category_id&#039; =&gt; (int) 16,
		&#039;tag_keyword&#039; =&gt; &#039;&#039;,
		&#039;seo_url&#039; =&gt; &#039;malegam-to-head-rbi-panel-on-microfinance-by-dinesh-unnikrishnan-3928&#039;,
		&#039;meta_title&#039; =&gt; null,
		&#039;meta_keywords&#039; =&gt; null,
		&#039;meta_description&#039; =&gt; null,
		&#039;noindex&#039; =&gt; (int) 0,
		&#039;publish_date&#039; =&gt; object(Cake\I18n\FrozenDate) {},
		&#039;most_visit_section_id&#039; =&gt; null,
		&#039;article_big_img&#039; =&gt; null,
		&#039;liveid&#039; =&gt; (int) 3928,
		&#039;created&#039; =&gt; object(Cake\I18n\FrozenTime) {},
		&#039;modified&#039; =&gt; object(Cake\I18n\FrozenTime) {},
		&#039;edate&#039; =&gt; &#039;&#039;,
		&#039;tags&#039; =&gt; [
			[maximum depth reached]
		],
		&#039;category&#039; =&gt; object(App\Model\Entity\Category) {},
		&#039;[new]&#039; =&gt; false,
		&#039;[accessible]&#039; =&gt; [
			[maximum depth reached]
		],
		&#039;[dirty]&#039; =&gt; [[maximum depth reached]],
		&#039;[original]&#039; =&gt; [[maximum depth reached]],
		&#039;[virtual]&#039; =&gt; [[maximum depth reached]],
		&#039;[hasErrors]&#039; =&gt; false,
		&#039;[errors]&#039; =&gt; [[maximum depth reached]],
		&#039;[invalid]&#039; =&gt; [[maximum depth reached]],
		&#039;[repository]&#039; =&gt; &#039;Articles&#039;
	
	},
	&#039;articleid&#039; =&gt; (int) 3838,
	&#039;metaTitle&#039; =&gt; &#039;LATEST NEWS UPDATES | Malegam to head RBI panel on microfinance by Dinesh Unnikrishnan&#039;,
	&#039;metaKeywords&#039; =&gt; &#039;Microfinance&#039;,
	&#039;metaDesc&#039; =&gt; &#039;


Financial sector expert Y.H. Malegam will head a Reserve Bank of India (RBI) panel to look into the functioning of microfinance institutions or MFIs and their regulations. The MFIs are in the business of giving tiny loans.

Kumar Mangalam Birla, Shashi...&#039;,
	&#039;disp&#039; =&gt; &#039;&lt;font &gt;&lt;br /&gt;&lt;/font&gt;&lt;div align=&quot;justify&quot;&gt;&lt;font &gt;Financial sector expert Y.H. Malegam will head a Reserve Bank of India (RBI) panel to look into the functioning of microfinance institutions or MFIs and their regulations. The MFIs are in the business of giving tiny loans.&lt;/font&gt;&lt;br /&gt;&lt;br /&gt;&lt;font &gt;Kumar Mangalam Birla, Shashi Rajagopalan and U.R. Rao &amp;ndash; all on the boards of the Indian central bank &amp;ndash; and RBI deputy governor K.C. Chakrabarty are the members of the panel.&lt;/font&gt;&lt;br /&gt;&lt;br /&gt;&lt;font &gt;The committee, which will submit its report in three months, will discuss critical issues that have been affecting the sector, ranging from high interest rates to the strong-arm methods used by such firms to recover loans.&lt;/font&gt;&lt;br /&gt;&lt;br /&gt;&lt;font &gt;&amp;ldquo;There have been some concerns expressed in the media about high interest rates, coercive recovery processes and multiple lending practised by some microfinance institutions,&amp;rdquo; an RBI release said.&lt;/font&gt;&lt;br /&gt;&lt;br /&gt;&lt;font &gt;The committee will &amp;ldquo;study the issues and concerns in this sector, including ways and means of making interest rates charged by them reasonable.&amp;rdquo;&lt;/font&gt;&lt;br /&gt;&lt;br /&gt;&lt;font &gt;Currently, the top MFIs, around 20 of them, operate as non-banking finance companies and are regulated by RBI. The remaining around 800 MFIs are outside the regulator&amp;rsquo;s purview. In terms of volume of business, the top 20 MFIs control about 80% of business.&lt;/font&gt;&lt;br /&gt;&lt;br /&gt;&lt;font &gt;&amp;ldquo;Although the registered companies cover over 80% of the microfinance business, in terms of number of companies they constitute a small percentage of the total number of MFIs in the country. The Reserve Bank, however, does not prescribe lending rates for these institutions,&amp;rdquo; the RBI said.&lt;/font&gt;&lt;br /&gt;&lt;br /&gt;&lt;font &gt;The central bank constituted the committee shortly after Andhra Pradesh government approved an ordinance to regulate the MFI operations, after nearly 30 deaths in a span of one and a half months reportedly due to the harassment by MFIs, PTI reported last week quoting official sources. According to the ordinance, MFIs should specify the area of their operations, the rate of interest, the system of operation and recovery to the government authorities.&lt;/font&gt;&lt;br /&gt;&lt;br /&gt;&lt;font &gt;The RBI committee will meet the government representatives of Andhra Pradesh as well as other states before finalizing their report.&lt;/font&gt;&lt;br /&gt;&lt;br /&gt;&lt;font &gt;Recently, the finance ministry has written to state-run banks asking them to ensure that the &amp;ldquo;large and well established&amp;rdquo; MFIs should charge 22-24% to their clients and smaller MFIs must prepare a road map to bring down their interest rates.&lt;/font&gt;&lt;br /&gt;&lt;br /&gt;&lt;/div&gt;&#039;,
	&#039;lang&#039; =&gt; &#039;English&#039;,
	&#039;SITE_URL&#039; =&gt; &#039;https://im4change.in/&#039;,
	&#039;site_title&#039; =&gt; &#039;im4change&#039;,
	&#039;adminprix&#039; =&gt; &#039;admin&#039;
]
$article_current = object(App\Model\Entity\Article) {

	&#039;id&#039; =&gt; (int) 3838,
	&#039;title&#039; =&gt; &#039;Malegam to head RBI panel on microfinance by Dinesh Unnikrishnan&#039;,
	&#039;subheading&#039; =&gt; &#039;&#039;,
	&#039;description&#039; =&gt; &#039;&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;&lt;br /&gt;
&lt;/font&gt;
&lt;div align=&quot;justify&quot;&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;Financial sector expert Y.H. Malegam will head a Reserve Bank of India (RBI) panel to look into the functioning of microfinance institutions or MFIs and their regulations. The MFIs are in the business of giving tiny loans.&lt;/font&gt;&lt;br /&gt;
&lt;br /&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;Kumar Mangalam Birla, Shashi Rajagopalan and U.R. Rao &amp;ndash; all on the boards of the Indian central bank &amp;ndash; and RBI deputy governor K.C. Chakrabarty are the members of the panel.&lt;/font&gt;&lt;br /&gt;
&lt;br /&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;The committee, which will submit its report in three months, will discuss critical issues that have been affecting the sector, ranging from high interest rates to the strong-arm methods used by such firms to recover loans.&lt;/font&gt;&lt;br /&gt;
&lt;br /&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;&amp;ldquo;There have been some concerns expressed in the media about high interest rates, coercive recovery processes and multiple lending practised by some microfinance institutions,&amp;rdquo; an RBI release said.&lt;/font&gt;&lt;br /&gt;
&lt;br /&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;The committee will &amp;ldquo;study the issues and concerns in this sector, including ways and means of making interest rates charged by them reasonable.&amp;rdquo;&lt;/font&gt;&lt;br /&gt;
&lt;br /&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;Currently, the top MFIs, around 20 of them, operate as non-banking finance companies and are regulated by RBI. The remaining around 800 MFIs are outside the regulator&amp;rsquo;s purview. In terms of volume of business, the top 20 MFIs control about 80% of business.&lt;/font&gt;&lt;br /&gt;
&lt;br /&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;&amp;ldquo;Although the registered companies cover over 80% of the microfinance business, in terms of number of companies they constitute a small percentage of the total number of MFIs in the country. The Reserve Bank, however, does not prescribe lending rates for these institutions,&amp;rdquo; the RBI said.&lt;/font&gt;&lt;br /&gt;
&lt;br /&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;The central bank constituted the committee shortly after Andhra Pradesh government approved an ordinance to regulate the MFI operations, after nearly 30 deaths in a span of one and a half months reportedly due to the harassment by MFIs, PTI reported last week quoting official sources. According to the ordinance, MFIs should specify the area of their operations, the rate of interest, the system of operation and recovery to the government authorities.&lt;/font&gt;&lt;br /&gt;
&lt;br /&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;The RBI committee will meet the government representatives of Andhra Pradesh as well as other states before finalizing their report.&lt;/font&gt;&lt;br /&gt;
&lt;br /&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;Recently, the finance ministry has written to state-run banks asking them to ensure that the &amp;ldquo;large and well established&amp;rdquo; MFIs should charge 22-24% to their clients and smaller MFIs must prepare a road map to bring down their interest rates.&lt;/font&gt;&lt;br /&gt;
&lt;br /&gt;
&lt;/div&gt;&#039;,
	&#039;credit_writer&#039; =&gt; &#039;Live Mint, 19 October, 2010, http://www.livemint.com/2010/10/19191543/Malegam-to-head-RBI-panel-on-m.html&#039;,
	&#039;article_img&#039; =&gt; &#039;&#039;,
	&#039;article_img_thumb&#039; =&gt; &#039;&#039;,
	&#039;status&#039; =&gt; (int) 1,
	&#039;show_on_home&#039; =&gt; (int) 1,
	&#039;lang&#039; =&gt; &#039;EN&#039;,
	&#039;category_id&#039; =&gt; (int) 16,
	&#039;tag_keyword&#039; =&gt; &#039;&#039;,
	&#039;seo_url&#039; =&gt; &#039;malegam-to-head-rbi-panel-on-microfinance-by-dinesh-unnikrishnan-3928&#039;,
	&#039;meta_title&#039; =&gt; null,
	&#039;meta_keywords&#039; =&gt; null,
	&#039;meta_description&#039; =&gt; null,
	&#039;noindex&#039; =&gt; (int) 0,
	&#039;publish_date&#039; =&gt; object(Cake\I18n\FrozenDate) {},
	&#039;most_visit_section_id&#039; =&gt; null,
	&#039;article_big_img&#039; =&gt; null,
	&#039;liveid&#039; =&gt; (int) 3928,
	&#039;created&#039; =&gt; object(Cake\I18n\FrozenTime) {},
	&#039;modified&#039; =&gt; object(Cake\I18n\FrozenTime) {},
	&#039;edate&#039; =&gt; &#039;&#039;,
	&#039;tags&#039; =&gt; [
		(int) 0 =&gt; object(Cake\ORM\Entity) {}
	],
	&#039;category&#039; =&gt; object(App\Model\Entity\Category) {},
	&#039;[new]&#039; =&gt; false,
	&#039;[accessible]&#039; =&gt; [
		&#039;*&#039; =&gt; true,
		&#039;id&#039; =&gt; false
	],
	&#039;[dirty]&#039; =&gt; [],
	&#039;[original]&#039; =&gt; [],
	&#039;[virtual]&#039; =&gt; [],
	&#039;[hasErrors]&#039; =&gt; false,
	&#039;[errors]&#039; =&gt; [],
	&#039;[invalid]&#039; =&gt; [],
	&#039;[repository]&#039; =&gt; &#039;Articles&#039;

}
$articleid = (int) 3838
$metaTitle = &#039;LATEST NEWS UPDATES | Malegam to head RBI panel on microfinance by Dinesh Unnikrishnan&#039;
$metaKeywords = &#039;Microfinance&#039;
$metaDesc = &#039;


Financial sector expert Y.H. Malegam will head a Reserve Bank of India (RBI) panel to look into the functioning of microfinance institutions or MFIs and their regulations. The MFIs are in the business of giving tiny loans.

Kumar Mangalam Birla, Shashi...&#039;
$disp = &#039;&lt;font &gt;&lt;br /&gt;&lt;/font&gt;&lt;div align=&quot;justify&quot;&gt;&lt;font &gt;Financial sector expert Y.H. Malegam will head a Reserve Bank of India (RBI) panel to look into the functioning of microfinance institutions or MFIs and their regulations. The MFIs are in the business of giving tiny loans.&lt;/font&gt;&lt;br /&gt;&lt;br /&gt;&lt;font &gt;Kumar Mangalam Birla, Shashi Rajagopalan and U.R. Rao &amp;ndash; all on the boards of the Indian central bank &amp;ndash; and RBI deputy governor K.C. Chakrabarty are the members of the panel.&lt;/font&gt;&lt;br /&gt;&lt;br /&gt;&lt;font &gt;The committee, which will submit its report in three months, will discuss critical issues that have been affecting the sector, ranging from high interest rates to the strong-arm methods used by such firms to recover loans.&lt;/font&gt;&lt;br /&gt;&lt;br /&gt;&lt;font &gt;&amp;ldquo;There have been some concerns expressed in the media about high interest rates, coercive recovery processes and multiple lending practised by some microfinance institutions,&amp;rdquo; an RBI release said.&lt;/font&gt;&lt;br /&gt;&lt;br /&gt;&lt;font &gt;The committee will &amp;ldquo;study the issues and concerns in this sector, including ways and means of making interest rates charged by them reasonable.&amp;rdquo;&lt;/font&gt;&lt;br /&gt;&lt;br /&gt;&lt;font &gt;Currently, the top MFIs, around 20 of them, operate as non-banking finance companies and are regulated by RBI. The remaining around 800 MFIs are outside the regulator&amp;rsquo;s purview. In terms of volume of business, the top 20 MFIs control about 80% of business.&lt;/font&gt;&lt;br /&gt;&lt;br /&gt;&lt;font &gt;&amp;ldquo;Although the registered companies cover over 80% of the microfinance business, in terms of number of companies they constitute a small percentage of the total number of MFIs in the country. The Reserve Bank, however, does not prescribe lending rates for these institutions,&amp;rdquo; the RBI said.&lt;/font&gt;&lt;br /&gt;&lt;br /&gt;&lt;font &gt;The central bank constituted the committee shortly after Andhra Pradesh government approved an ordinance to regulate the MFI operations, after nearly 30 deaths in a span of one and a half months reportedly due to the harassment by MFIs, PTI reported last week quoting official sources. According to the ordinance, MFIs should specify the area of their operations, the rate of interest, the system of operation and recovery to the government authorities.&lt;/font&gt;&lt;br /&gt;&lt;br /&gt;&lt;font &gt;The RBI committee will meet the government representatives of Andhra Pradesh as well as other states before finalizing their report.&lt;/font&gt;&lt;br /&gt;&lt;br /&gt;&lt;font &gt;Recently, the finance ministry has written to state-run banks asking them to ensure that the &amp;ldquo;large and well established&amp;rdquo; MFIs should charge 22-24% to their clients and smaller MFIs must prepare a road map to bring down their interest rates.&lt;/font&gt;&lt;br /&gt;&lt;br /&gt;&lt;/div&gt;&#039;
$lang = &#039;English&#039;
$SITE_URL = &#039;https://im4change.in/&#039;
$site_title = &#039;im4change&#039;
$adminprix = &#039;admin&#039;</pre><pre class="stack-trace">include - APP/Template/Layout/printlayout.ctp, line 8
Cake\View\View::_evaluate() - CORE/src/View/View.php, line 1413
Cake\View\View::_render() - CORE/src/View/View.php, line 1374
Cake\View\View::renderLayout() - CORE/src/View/View.php, line 927
Cake\View\View::render() - CORE/src/View/View.php, line 885
Cake\Controller\Controller::render() - CORE/src/Controller/Controller.php, line 791
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 126
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 88
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51</pre></div></pre>latest-news-updates/malegam-to-head-rbi-panel-on-microfinance-by-dinesh-unnikrishnan-3928.html"/>
    <meta http-equiv="Content-Type" content="text/html; charset=utf-8"/>
    <link href="https://im4change.in/css/control.css" rel="stylesheet" type="text/css"
          media="all"/>
    <title>LATEST NEWS UPDATES | Malegam to head RBI panel on microfinance by Dinesh Unnikrishnan | Im4change.org</title>
    <meta name="description" content="


Financial sector expert Y.H. Malegam will head a Reserve Bank of India (RBI) panel to look into the functioning of microfinance institutions or MFIs and their regulations. The MFIs are in the business of giving tiny loans.

Kumar Mangalam Birla, Shashi..."/>
    <script src="https://im4change.in/js/jquery-1.10.2.js"></script>
    <script type="text/javascript" src="https://im4change.in/js/jquery-migrate.min.js"></script>
    <script language="javascript" type="text/javascript">

        $(document).ready(function () {
            var img = $("img")[0]; // Get my img elem
            var pic_real_width, pic_real_height;
            $("<img/>") // Make in memory copy of image to avoid css issues
                .attr("src", $(img).attr("src"))
                .load(function () {
                    pic_real_width = this.width;   // Note: $(this).width() will not
                    pic_real_height = this.height; // work for in memory images.
                });
        });
    </script>
    <style type="text/css">
        @media screen {
            div.divFooter {
                display: block;
            }
        }

        @media print {
            .printbutton {
                display: none !important;
            }
        }
    </style>
</head>
<body>
<table cellpadding="0" cellspacing="0" border="0" width="98%" align="center">
    <tr>
        <td class="top_bg">
            <div class="divFooter">
                <img src="https://im4change.in/images/logo1.jpg" height="59" border="0"
                     alt="Resource centre on India's rural distress" style="padding-top:14px;"/>
            </div>

        </td>
    </tr>
    <tr>
        <td id="topspace">&nbsp;</td>
    </tr>

    <tr id="topspace">
        <td>&nbsp;</td>
    </tr>
    <tr>
        <td height="50" style="border-bottom:1px solid #000; padding-top:10px;" class="printbutton">
            <form><input type="button" value=" Print this page "
                         onclick="window.print();return false;"/></form>
        </td>
    </tr>

    <tr>
        <td width="100%">
            <h1 class="news_headlines" style="font-style:normal">
                <strong>Malegam to head RBI panel on microfinance by Dinesh Unnikrishnan</strong></h1>
        </td>
    </tr>
    <tr>
        <td width="100%" style="font-family:Arial, 'Segoe Script', 'Segoe UI', sans-serif, serif"><font size="3">
                <font ><br /></font><div align="justify"><font >Financial sector expert Y.H. Malegam will head a Reserve Bank of India (RBI) panel to look into the functioning of microfinance institutions or MFIs and their regulations. The MFIs are in the business of giving tiny loans.</font><br /><br /><font >Kumar Mangalam Birla, Shashi Rajagopalan and U.R. Rao &ndash; all on the boards of the Indian central bank &ndash; and RBI deputy governor K.C. Chakrabarty are the members of the panel.</font><br /><br /><font >The committee, which will submit its report in three months, will discuss critical issues that have been affecting the sector, ranging from high interest rates to the strong-arm methods used by such firms to recover loans.</font><br /><br /><font >&ldquo;There have been some concerns expressed in the media about high interest rates, coercive recovery processes and multiple lending practised by some microfinance institutions,&rdquo; an RBI release said.</font><br /><br /><font >The committee will &ldquo;study the issues and concerns in this sector, including ways and means of making interest rates charged by them reasonable.&rdquo;</font><br /><br /><font >Currently, the top MFIs, around 20 of them, operate as non-banking finance companies and are regulated by RBI. The remaining around 800 MFIs are outside the regulator&rsquo;s purview. In terms of volume of business, the top 20 MFIs control about 80% of business.</font><br /><br /><font >&ldquo;Although the registered companies cover over 80% of the microfinance business, in terms of number of companies they constitute a small percentage of the total number of MFIs in the country. The Reserve Bank, however, does not prescribe lending rates for these institutions,&rdquo; the RBI said.</font><br /><br /><font >The central bank constituted the committee shortly after Andhra Pradesh government approved an ordinance to regulate the MFI operations, after nearly 30 deaths in a span of one and a half months reportedly due to the harassment by MFIs, PTI reported last week quoting official sources. According to the ordinance, MFIs should specify the area of their operations, the rate of interest, the system of operation and recovery to the government authorities.</font><br /><br /><font >The RBI committee will meet the government representatives of Andhra Pradesh as well as other states before finalizing their report.</font><br /><br /><font >Recently, the finance ministry has written to state-run banks asking them to ensure that the &ldquo;large and well established&rdquo; MFIs should charge 22-24% to their clients and smaller MFIs must prepare a road map to bring down their interest rates.</font><br /><br /></div>               </font>
        </td>
    </tr>
    <tr>
        <td>&nbsp;</td>
    </tr>

    <tr>
        <td height="50" style="border-top:1px solid #000; border-bottom:1px solid #000;padding-top:10px;">
            <form><input type="button" value=" Print this page "
                         onclick="window.print();return false;"/></form>
        </td>
    </tr>
</table></body>
</html>'

}
$reasonPhrase = 'OK'
header - [internal], line ??
Cake\Http\ResponseEmitter::emitStatusLine() - CORE/src/Http/ResponseEmitter.php, line 148
Cake\Http\ResponseEmitter::emit() - CORE/src/Http/ResponseEmitter.php, line 54
Cake\Http\Server::emit() - CORE/src/Http/Server.php, line 141
[main] - ROOT/webroot/index.php, line 39

Warning (2): Cannot modify header information - headers already sent by (output started at /home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php:853) [CORE/src/Http/ResponseEmitter.php, line 181]
Code Context
                    $value

                ), $first);

                $first = false;
$response = object(Cake\Http\Response) {

	'status' => (int) 200,
	'contentType' => 'text/html',
	'headers' => [
		'Content-Type' => [
			[maximum depth reached]
		]
	],
	'file' => null,
	'fileRange' => [],
	'cookies' => object(Cake\Http\Cookie\CookieCollection) {},
	'cacheDirectives' => [],
	'body' => '<!DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN"
        "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd">
<html xmlns="http://www.w3.org/1999/xhtml">
<head>
    <link rel="canonical" href="https://im4change.in/<pre class="cake-error"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr68050c2e68265-trace').style.display = (document.getElementById('cakeErr68050c2e68265-trace').style.display == 'none' ? '' : 'none');"><b>Notice</b> (8)</a>: Undefined variable: urlPrefix [<b>APP/Template/Layout/printlayout.ctp</b>, line <b>8</b>]<div id="cakeErr68050c2e68265-trace" class="cake-stack-trace" style="display: none;"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr68050c2e68265-code').style.display = (document.getElementById('cakeErr68050c2e68265-code').style.display == 'none' ? '' : 'none')">Code</a> <a href="javascript:void(0);" onclick="document.getElementById('cakeErr68050c2e68265-context').style.display = (document.getElementById('cakeErr68050c2e68265-context').style.display == 'none' ? '' : 'none')">Context</a><pre id="cakeErr68050c2e68265-code" class="cake-code-dump" style="display: none;"><code><span style="color: #000000"><span style="color: #0000BB"></span><span style="color: #007700">&lt;</span><span style="color: #0000BB">head</span><span style="color: #007700">&gt;
</span></span></code>
<span class="code-highlight"><code><span style="color: #000000">&nbsp;&nbsp;&nbsp;&nbsp;&lt;link&nbsp;rel="canonical"&nbsp;href="<span style="color: #0000BB">&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">Configure</span><span style="color: #007700">::</span><span style="color: #0000BB">read</span><span style="color: #007700">(</span><span style="color: #DD0000">'SITE_URL'</span><span style="color: #007700">);&nbsp;</span><span style="color: #0000BB">?&gt;&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">$urlPrefix</span><span style="color: #007700">;</span><span style="color: #0000BB">?&gt;&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-&gt;</span><span style="color: #0000BB">category</span><span style="color: #007700">-&gt;</span><span style="color: #0000BB">slug</span><span style="color: #007700">;&nbsp;</span><span style="color: #0000BB">?&gt;</span>/<span style="color: #0000BB">&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-&gt;</span><span style="color: #0000BB">seo_url</span><span style="color: #007700">;&nbsp;</span><span style="color: #0000BB">?&gt;</span>.html"/&gt;
</span></code></span>
<code><span style="color: #000000"><span style="color: #0000BB">&nbsp;&nbsp;&nbsp;&nbsp;</span><span style="color: #007700">&lt;</span><span style="color: #0000BB">meta&nbsp;http</span><span style="color: #007700">-</span><span style="color: #0000BB">equiv</span><span style="color: #007700">=</span><span style="color: #DD0000">"Content-Type"&nbsp;</span><span style="color: #0000BB">content</span><span style="color: #007700">=</span><span style="color: #DD0000">"text/html;&nbsp;charset=utf-8"</span><span style="color: #007700">/&gt;
</span></span></code></pre><pre id="cakeErr68050c2e68265-context" class="cake-context" style="display: none;">$viewFile = &#039;/home/brlfuser/public_html/src/Template/Layout/printlayout.ctp&#039;
$dataForView = [
	&#039;article_current&#039; =&gt; object(App\Model\Entity\Article) {

		&#039;id&#039; =&gt; (int) 3838,
		&#039;title&#039; =&gt; &#039;Malegam to head RBI panel on microfinance by Dinesh Unnikrishnan&#039;,
		&#039;subheading&#039; =&gt; &#039;&#039;,
		&#039;description&#039; =&gt; &#039;&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;&lt;br /&gt;
&lt;/font&gt;
&lt;div align=&quot;justify&quot;&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;Financial sector expert Y.H. Malegam will head a Reserve Bank of India (RBI) panel to look into the functioning of microfinance institutions or MFIs and their regulations. The MFIs are in the business of giving tiny loans.&lt;/font&gt;&lt;br /&gt;
&lt;br /&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;Kumar Mangalam Birla, Shashi Rajagopalan and U.R. Rao &amp;ndash; all on the boards of the Indian central bank &amp;ndash; and RBI deputy governor K.C. Chakrabarty are the members of the panel.&lt;/font&gt;&lt;br /&gt;
&lt;br /&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;The committee, which will submit its report in three months, will discuss critical issues that have been affecting the sector, ranging from high interest rates to the strong-arm methods used by such firms to recover loans.&lt;/font&gt;&lt;br /&gt;
&lt;br /&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;&amp;ldquo;There have been some concerns expressed in the media about high interest rates, coercive recovery processes and multiple lending practised by some microfinance institutions,&amp;rdquo; an RBI release said.&lt;/font&gt;&lt;br /&gt;
&lt;br /&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;The committee will &amp;ldquo;study the issues and concerns in this sector, including ways and means of making interest rates charged by them reasonable.&amp;rdquo;&lt;/font&gt;&lt;br /&gt;
&lt;br /&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;Currently, the top MFIs, around 20 of them, operate as non-banking finance companies and are regulated by RBI. The remaining around 800 MFIs are outside the regulator&amp;rsquo;s purview. In terms of volume of business, the top 20 MFIs control about 80% of business.&lt;/font&gt;&lt;br /&gt;
&lt;br /&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;&amp;ldquo;Although the registered companies cover over 80% of the microfinance business, in terms of number of companies they constitute a small percentage of the total number of MFIs in the country. The Reserve Bank, however, does not prescribe lending rates for these institutions,&amp;rdquo; the RBI said.&lt;/font&gt;&lt;br /&gt;
&lt;br /&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;The central bank constituted the committee shortly after Andhra Pradesh government approved an ordinance to regulate the MFI operations, after nearly 30 deaths in a span of one and a half months reportedly due to the harassment by MFIs, PTI reported last week quoting official sources. According to the ordinance, MFIs should specify the area of their operations, the rate of interest, the system of operation and recovery to the government authorities.&lt;/font&gt;&lt;br /&gt;
&lt;br /&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;The RBI committee will meet the government representatives of Andhra Pradesh as well as other states before finalizing their report.&lt;/font&gt;&lt;br /&gt;
&lt;br /&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;Recently, the finance ministry has written to state-run banks asking them to ensure that the &amp;ldquo;large and well established&amp;rdquo; MFIs should charge 22-24% to their clients and smaller MFIs must prepare a road map to bring down their interest rates.&lt;/font&gt;&lt;br /&gt;
&lt;br /&gt;
&lt;/div&gt;&#039;,
		&#039;credit_writer&#039; =&gt; &#039;Live Mint, 19 October, 2010, http://www.livemint.com/2010/10/19191543/Malegam-to-head-RBI-panel-on-m.html&#039;,
		&#039;article_img&#039; =&gt; &#039;&#039;,
		&#039;article_img_thumb&#039; =&gt; &#039;&#039;,
		&#039;status&#039; =&gt; (int) 1,
		&#039;show_on_home&#039; =&gt; (int) 1,
		&#039;lang&#039; =&gt; &#039;EN&#039;,
		&#039;category_id&#039; =&gt; (int) 16,
		&#039;tag_keyword&#039; =&gt; &#039;&#039;,
		&#039;seo_url&#039; =&gt; &#039;malegam-to-head-rbi-panel-on-microfinance-by-dinesh-unnikrishnan-3928&#039;,
		&#039;meta_title&#039; =&gt; null,
		&#039;meta_keywords&#039; =&gt; null,
		&#039;meta_description&#039; =&gt; null,
		&#039;noindex&#039; =&gt; (int) 0,
		&#039;publish_date&#039; =&gt; object(Cake\I18n\FrozenDate) {},
		&#039;most_visit_section_id&#039; =&gt; null,
		&#039;article_big_img&#039; =&gt; null,
		&#039;liveid&#039; =&gt; (int) 3928,
		&#039;created&#039; =&gt; object(Cake\I18n\FrozenTime) {},
		&#039;modified&#039; =&gt; object(Cake\I18n\FrozenTime) {},
		&#039;edate&#039; =&gt; &#039;&#039;,
		&#039;tags&#039; =&gt; [
			[maximum depth reached]
		],
		&#039;category&#039; =&gt; object(App\Model\Entity\Category) {},
		&#039;[new]&#039; =&gt; false,
		&#039;[accessible]&#039; =&gt; [
			[maximum depth reached]
		],
		&#039;[dirty]&#039; =&gt; [[maximum depth reached]],
		&#039;[original]&#039; =&gt; [[maximum depth reached]],
		&#039;[virtual]&#039; =&gt; [[maximum depth reached]],
		&#039;[hasErrors]&#039; =&gt; false,
		&#039;[errors]&#039; =&gt; [[maximum depth reached]],
		&#039;[invalid]&#039; =&gt; [[maximum depth reached]],
		&#039;[repository]&#039; =&gt; &#039;Articles&#039;
	
	},
	&#039;articleid&#039; =&gt; (int) 3838,
	&#039;metaTitle&#039; =&gt; &#039;LATEST NEWS UPDATES | Malegam to head RBI panel on microfinance by Dinesh Unnikrishnan&#039;,
	&#039;metaKeywords&#039; =&gt; &#039;Microfinance&#039;,
	&#039;metaDesc&#039; =&gt; &#039;


Financial sector expert Y.H. Malegam will head a Reserve Bank of India (RBI) panel to look into the functioning of microfinance institutions or MFIs and their regulations. The MFIs are in the business of giving tiny loans.

Kumar Mangalam Birla, Shashi...&#039;,
	&#039;disp&#039; =&gt; &#039;&lt;font &gt;&lt;br /&gt;&lt;/font&gt;&lt;div align=&quot;justify&quot;&gt;&lt;font &gt;Financial sector expert Y.H. Malegam will head a Reserve Bank of India (RBI) panel to look into the functioning of microfinance institutions or MFIs and their regulations. The MFIs are in the business of giving tiny loans.&lt;/font&gt;&lt;br /&gt;&lt;br /&gt;&lt;font &gt;Kumar Mangalam Birla, Shashi Rajagopalan and U.R. Rao &amp;ndash; all on the boards of the Indian central bank &amp;ndash; and RBI deputy governor K.C. Chakrabarty are the members of the panel.&lt;/font&gt;&lt;br /&gt;&lt;br /&gt;&lt;font &gt;The committee, which will submit its report in three months, will discuss critical issues that have been affecting the sector, ranging from high interest rates to the strong-arm methods used by such firms to recover loans.&lt;/font&gt;&lt;br /&gt;&lt;br /&gt;&lt;font &gt;&amp;ldquo;There have been some concerns expressed in the media about high interest rates, coercive recovery processes and multiple lending practised by some microfinance institutions,&amp;rdquo; an RBI release said.&lt;/font&gt;&lt;br /&gt;&lt;br /&gt;&lt;font &gt;The committee will &amp;ldquo;study the issues and concerns in this sector, including ways and means of making interest rates charged by them reasonable.&amp;rdquo;&lt;/font&gt;&lt;br /&gt;&lt;br /&gt;&lt;font &gt;Currently, the top MFIs, around 20 of them, operate as non-banking finance companies and are regulated by RBI. The remaining around 800 MFIs are outside the regulator&amp;rsquo;s purview. In terms of volume of business, the top 20 MFIs control about 80% of business.&lt;/font&gt;&lt;br /&gt;&lt;br /&gt;&lt;font &gt;&amp;ldquo;Although the registered companies cover over 80% of the microfinance business, in terms of number of companies they constitute a small percentage of the total number of MFIs in the country. The Reserve Bank, however, does not prescribe lending rates for these institutions,&amp;rdquo; the RBI said.&lt;/font&gt;&lt;br /&gt;&lt;br /&gt;&lt;font &gt;The central bank constituted the committee shortly after Andhra Pradesh government approved an ordinance to regulate the MFI operations, after nearly 30 deaths in a span of one and a half months reportedly due to the harassment by MFIs, PTI reported last week quoting official sources. According to the ordinance, MFIs should specify the area of their operations, the rate of interest, the system of operation and recovery to the government authorities.&lt;/font&gt;&lt;br /&gt;&lt;br /&gt;&lt;font &gt;The RBI committee will meet the government representatives of Andhra Pradesh as well as other states before finalizing their report.&lt;/font&gt;&lt;br /&gt;&lt;br /&gt;&lt;font &gt;Recently, the finance ministry has written to state-run banks asking them to ensure that the &amp;ldquo;large and well established&amp;rdquo; MFIs should charge 22-24% to their clients and smaller MFIs must prepare a road map to bring down their interest rates.&lt;/font&gt;&lt;br /&gt;&lt;br /&gt;&lt;/div&gt;&#039;,
	&#039;lang&#039; =&gt; &#039;English&#039;,
	&#039;SITE_URL&#039; =&gt; &#039;https://im4change.in/&#039;,
	&#039;site_title&#039; =&gt; &#039;im4change&#039;,
	&#039;adminprix&#039; =&gt; &#039;admin&#039;
]
$article_current = object(App\Model\Entity\Article) {

	&#039;id&#039; =&gt; (int) 3838,
	&#039;title&#039; =&gt; &#039;Malegam to head RBI panel on microfinance by Dinesh Unnikrishnan&#039;,
	&#039;subheading&#039; =&gt; &#039;&#039;,
	&#039;description&#039; =&gt; &#039;&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;&lt;br /&gt;
&lt;/font&gt;
&lt;div align=&quot;justify&quot;&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;Financial sector expert Y.H. Malegam will head a Reserve Bank of India (RBI) panel to look into the functioning of microfinance institutions or MFIs and their regulations. The MFIs are in the business of giving tiny loans.&lt;/font&gt;&lt;br /&gt;
&lt;br /&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;Kumar Mangalam Birla, Shashi Rajagopalan and U.R. Rao &amp;ndash; all on the boards of the Indian central bank &amp;ndash; and RBI deputy governor K.C. Chakrabarty are the members of the panel.&lt;/font&gt;&lt;br /&gt;
&lt;br /&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;The committee, which will submit its report in three months, will discuss critical issues that have been affecting the sector, ranging from high interest rates to the strong-arm methods used by such firms to recover loans.&lt;/font&gt;&lt;br /&gt;
&lt;br /&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;&amp;ldquo;There have been some concerns expressed in the media about high interest rates, coercive recovery processes and multiple lending practised by some microfinance institutions,&amp;rdquo; an RBI release said.&lt;/font&gt;&lt;br /&gt;
&lt;br /&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;The committee will &amp;ldquo;study the issues and concerns in this sector, including ways and means of making interest rates charged by them reasonable.&amp;rdquo;&lt;/font&gt;&lt;br /&gt;
&lt;br /&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;Currently, the top MFIs, around 20 of them, operate as non-banking finance companies and are regulated by RBI. The remaining around 800 MFIs are outside the regulator&amp;rsquo;s purview. In terms of volume of business, the top 20 MFIs control about 80% of business.&lt;/font&gt;&lt;br /&gt;
&lt;br /&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;&amp;ldquo;Although the registered companies cover over 80% of the microfinance business, in terms of number of companies they constitute a small percentage of the total number of MFIs in the country. The Reserve Bank, however, does not prescribe lending rates for these institutions,&amp;rdquo; the RBI said.&lt;/font&gt;&lt;br /&gt;
&lt;br /&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;The central bank constituted the committee shortly after Andhra Pradesh government approved an ordinance to regulate the MFI operations, after nearly 30 deaths in a span of one and a half months reportedly due to the harassment by MFIs, PTI reported last week quoting official sources. According to the ordinance, MFIs should specify the area of their operations, the rate of interest, the system of operation and recovery to the government authorities.&lt;/font&gt;&lt;br /&gt;
&lt;br /&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;The RBI committee will meet the government representatives of Andhra Pradesh as well as other states before finalizing their report.&lt;/font&gt;&lt;br /&gt;
&lt;br /&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;Recently, the finance ministry has written to state-run banks asking them to ensure that the &amp;ldquo;large and well established&amp;rdquo; MFIs should charge 22-24% to their clients and smaller MFIs must prepare a road map to bring down their interest rates.&lt;/font&gt;&lt;br /&gt;
&lt;br /&gt;
&lt;/div&gt;&#039;,
	&#039;credit_writer&#039; =&gt; &#039;Live Mint, 19 October, 2010, http://www.livemint.com/2010/10/19191543/Malegam-to-head-RBI-panel-on-m.html&#039;,
	&#039;article_img&#039; =&gt; &#039;&#039;,
	&#039;article_img_thumb&#039; =&gt; &#039;&#039;,
	&#039;status&#039; =&gt; (int) 1,
	&#039;show_on_home&#039; =&gt; (int) 1,
	&#039;lang&#039; =&gt; &#039;EN&#039;,
	&#039;category_id&#039; =&gt; (int) 16,
	&#039;tag_keyword&#039; =&gt; &#039;&#039;,
	&#039;seo_url&#039; =&gt; &#039;malegam-to-head-rbi-panel-on-microfinance-by-dinesh-unnikrishnan-3928&#039;,
	&#039;meta_title&#039; =&gt; null,
	&#039;meta_keywords&#039; =&gt; null,
	&#039;meta_description&#039; =&gt; null,
	&#039;noindex&#039; =&gt; (int) 0,
	&#039;publish_date&#039; =&gt; object(Cake\I18n\FrozenDate) {},
	&#039;most_visit_section_id&#039; =&gt; null,
	&#039;article_big_img&#039; =&gt; null,
	&#039;liveid&#039; =&gt; (int) 3928,
	&#039;created&#039; =&gt; object(Cake\I18n\FrozenTime) {},
	&#039;modified&#039; =&gt; object(Cake\I18n\FrozenTime) {},
	&#039;edate&#039; =&gt; &#039;&#039;,
	&#039;tags&#039; =&gt; [
		(int) 0 =&gt; object(Cake\ORM\Entity) {}
	],
	&#039;category&#039; =&gt; object(App\Model\Entity\Category) {},
	&#039;[new]&#039; =&gt; false,
	&#039;[accessible]&#039; =&gt; [
		&#039;*&#039; =&gt; true,
		&#039;id&#039; =&gt; false
	],
	&#039;[dirty]&#039; =&gt; [],
	&#039;[original]&#039; =&gt; [],
	&#039;[virtual]&#039; =&gt; [],
	&#039;[hasErrors]&#039; =&gt; false,
	&#039;[errors]&#039; =&gt; [],
	&#039;[invalid]&#039; =&gt; [],
	&#039;[repository]&#039; =&gt; &#039;Articles&#039;

}
$articleid = (int) 3838
$metaTitle = &#039;LATEST NEWS UPDATES | Malegam to head RBI panel on microfinance by Dinesh Unnikrishnan&#039;
$metaKeywords = &#039;Microfinance&#039;
$metaDesc = &#039;


Financial sector expert Y.H. Malegam will head a Reserve Bank of India (RBI) panel to look into the functioning of microfinance institutions or MFIs and their regulations. The MFIs are in the business of giving tiny loans.

Kumar Mangalam Birla, Shashi...&#039;
$disp = &#039;&lt;font &gt;&lt;br /&gt;&lt;/font&gt;&lt;div align=&quot;justify&quot;&gt;&lt;font &gt;Financial sector expert Y.H. Malegam will head a Reserve Bank of India (RBI) panel to look into the functioning of microfinance institutions or MFIs and their regulations. The MFIs are in the business of giving tiny loans.&lt;/font&gt;&lt;br /&gt;&lt;br /&gt;&lt;font &gt;Kumar Mangalam Birla, Shashi Rajagopalan and U.R. Rao &amp;ndash; all on the boards of the Indian central bank &amp;ndash; and RBI deputy governor K.C. Chakrabarty are the members of the panel.&lt;/font&gt;&lt;br /&gt;&lt;br /&gt;&lt;font &gt;The committee, which will submit its report in three months, will discuss critical issues that have been affecting the sector, ranging from high interest rates to the strong-arm methods used by such firms to recover loans.&lt;/font&gt;&lt;br /&gt;&lt;br /&gt;&lt;font &gt;&amp;ldquo;There have been some concerns expressed in the media about high interest rates, coercive recovery processes and multiple lending practised by some microfinance institutions,&amp;rdquo; an RBI release said.&lt;/font&gt;&lt;br /&gt;&lt;br /&gt;&lt;font &gt;The committee will &amp;ldquo;study the issues and concerns in this sector, including ways and means of making interest rates charged by them reasonable.&amp;rdquo;&lt;/font&gt;&lt;br /&gt;&lt;br /&gt;&lt;font &gt;Currently, the top MFIs, around 20 of them, operate as non-banking finance companies and are regulated by RBI. The remaining around 800 MFIs are outside the regulator&amp;rsquo;s purview. In terms of volume of business, the top 20 MFIs control about 80% of business.&lt;/font&gt;&lt;br /&gt;&lt;br /&gt;&lt;font &gt;&amp;ldquo;Although the registered companies cover over 80% of the microfinance business, in terms of number of companies they constitute a small percentage of the total number of MFIs in the country. The Reserve Bank, however, does not prescribe lending rates for these institutions,&amp;rdquo; the RBI said.&lt;/font&gt;&lt;br /&gt;&lt;br /&gt;&lt;font &gt;The central bank constituted the committee shortly after Andhra Pradesh government approved an ordinance to regulate the MFI operations, after nearly 30 deaths in a span of one and a half months reportedly due to the harassment by MFIs, PTI reported last week quoting official sources. According to the ordinance, MFIs should specify the area of their operations, the rate of interest, the system of operation and recovery to the government authorities.&lt;/font&gt;&lt;br /&gt;&lt;br /&gt;&lt;font &gt;The RBI committee will meet the government representatives of Andhra Pradesh as well as other states before finalizing their report.&lt;/font&gt;&lt;br /&gt;&lt;br /&gt;&lt;font &gt;Recently, the finance ministry has written to state-run banks asking them to ensure that the &amp;ldquo;large and well established&amp;rdquo; MFIs should charge 22-24% to their clients and smaller MFIs must prepare a road map to bring down their interest rates.&lt;/font&gt;&lt;br /&gt;&lt;br /&gt;&lt;/div&gt;&#039;
$lang = &#039;English&#039;
$SITE_URL = &#039;https://im4change.in/&#039;
$site_title = &#039;im4change&#039;
$adminprix = &#039;admin&#039;</pre><pre class="stack-trace">include - APP/Template/Layout/printlayout.ctp, line 8
Cake\View\View::_evaluate() - CORE/src/View/View.php, line 1413
Cake\View\View::_render() - CORE/src/View/View.php, line 1374
Cake\View\View::renderLayout() - CORE/src/View/View.php, line 927
Cake\View\View::render() - CORE/src/View/View.php, line 885
Cake\Controller\Controller::render() - CORE/src/Controller/Controller.php, line 791
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 126
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 88
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51</pre></div></pre>latest-news-updates/malegam-to-head-rbi-panel-on-microfinance-by-dinesh-unnikrishnan-3928.html"/>
    <meta http-equiv="Content-Type" content="text/html; charset=utf-8"/>
    <link href="https://im4change.in/css/control.css" rel="stylesheet" type="text/css"
          media="all"/>
    <title>LATEST NEWS UPDATES | Malegam to head RBI panel on microfinance by Dinesh Unnikrishnan | Im4change.org</title>
    <meta name="description" content="


Financial sector expert Y.H. Malegam will head a Reserve Bank of India (RBI) panel to look into the functioning of microfinance institutions or MFIs and their regulations. The MFIs are in the business of giving tiny loans.

Kumar Mangalam Birla, Shashi..."/>
    <script src="https://im4change.in/js/jquery-1.10.2.js"></script>
    <script type="text/javascript" src="https://im4change.in/js/jquery-migrate.min.js"></script>
    <script language="javascript" type="text/javascript">

        $(document).ready(function () {
            var img = $("img")[0]; // Get my img elem
            var pic_real_width, pic_real_height;
            $("<img/>") // Make in memory copy of image to avoid css issues
                .attr("src", $(img).attr("src"))
                .load(function () {
                    pic_real_width = this.width;   // Note: $(this).width() will not
                    pic_real_height = this.height; // work for in memory images.
                });
        });
    </script>
    <style type="text/css">
        @media screen {
            div.divFooter {
                display: block;
            }
        }

        @media print {
            .printbutton {
                display: none !important;
            }
        }
    </style>
</head>
<body>
<table cellpadding="0" cellspacing="0" border="0" width="98%" align="center">
    <tr>
        <td class="top_bg">
            <div class="divFooter">
                <img src="https://im4change.in/images/logo1.jpg" height="59" border="0"
                     alt="Resource centre on India's rural distress" style="padding-top:14px;"/>
            </div>

        </td>
    </tr>
    <tr>
        <td id="topspace">&nbsp;</td>
    </tr>

    <tr id="topspace">
        <td>&nbsp;</td>
    </tr>
    <tr>
        <td height="50" style="border-bottom:1px solid #000; padding-top:10px;" class="printbutton">
            <form><input type="button" value=" Print this page "
                         onclick="window.print();return false;"/></form>
        </td>
    </tr>

    <tr>
        <td width="100%">
            <h1 class="news_headlines" style="font-style:normal">
                <strong>Malegam to head RBI panel on microfinance by Dinesh Unnikrishnan</strong></h1>
        </td>
    </tr>
    <tr>
        <td width="100%" style="font-family:Arial, 'Segoe Script', 'Segoe UI', sans-serif, serif"><font size="3">
                <font ><br /></font><div align="justify"><font >Financial sector expert Y.H. Malegam will head a Reserve Bank of India (RBI) panel to look into the functioning of microfinance institutions or MFIs and their regulations. The MFIs are in the business of giving tiny loans.</font><br /><br /><font >Kumar Mangalam Birla, Shashi Rajagopalan and U.R. Rao &ndash; all on the boards of the Indian central bank &ndash; and RBI deputy governor K.C. Chakrabarty are the members of the panel.</font><br /><br /><font >The committee, which will submit its report in three months, will discuss critical issues that have been affecting the sector, ranging from high interest rates to the strong-arm methods used by such firms to recover loans.</font><br /><br /><font >&ldquo;There have been some concerns expressed in the media about high interest rates, coercive recovery processes and multiple lending practised by some microfinance institutions,&rdquo; an RBI release said.</font><br /><br /><font >The committee will &ldquo;study the issues and concerns in this sector, including ways and means of making interest rates charged by them reasonable.&rdquo;</font><br /><br /><font >Currently, the top MFIs, around 20 of them, operate as non-banking finance companies and are regulated by RBI. The remaining around 800 MFIs are outside the regulator&rsquo;s purview. In terms of volume of business, the top 20 MFIs control about 80% of business.</font><br /><br /><font >&ldquo;Although the registered companies cover over 80% of the microfinance business, in terms of number of companies they constitute a small percentage of the total number of MFIs in the country. The Reserve Bank, however, does not prescribe lending rates for these institutions,&rdquo; the RBI said.</font><br /><br /><font >The central bank constituted the committee shortly after Andhra Pradesh government approved an ordinance to regulate the MFI operations, after nearly 30 deaths in a span of one and a half months reportedly due to the harassment by MFIs, PTI reported last week quoting official sources. According to the ordinance, MFIs should specify the area of their operations, the rate of interest, the system of operation and recovery to the government authorities.</font><br /><br /><font >The RBI committee will meet the government representatives of Andhra Pradesh as well as other states before finalizing their report.</font><br /><br /><font >Recently, the finance ministry has written to state-run banks asking them to ensure that the &ldquo;large and well established&rdquo; MFIs should charge 22-24% to their clients and smaller MFIs must prepare a road map to bring down their interest rates.</font><br /><br /></div>               </font>
        </td>
    </tr>
    <tr>
        <td>&nbsp;</td>
    </tr>

    <tr>
        <td height="50" style="border-top:1px solid #000; border-bottom:1px solid #000;padding-top:10px;">
            <form><input type="button" value=" Print this page "
                         onclick="window.print();return false;"/></form>
        </td>
    </tr>
</table></body>
</html>'

}
$cookies = []
$values = [
	(int) 0 => 'text/html; charset=UTF-8'
]
$name = 'Content-Type'
$first = true
$value = 'text/html; charset=UTF-8'
header - [internal], line ??
Cake\Http\ResponseEmitter::emitHeaders() - CORE/src/Http/ResponseEmitter.php, line 181
Cake\Http\ResponseEmitter::emit() - CORE/src/Http/ResponseEmitter.php, line 55
Cake\Http\Server::emit() - CORE/src/Http/Server.php, line 141
[main] - ROOT/webroot/index.php, line 39

<head>

    <link rel="canonical" href="<?php echo Configure::read('SITE_URL'); ?><?php echo $urlPrefix;?><?php echo $article_current->category->slug; ?>/<?php echo $article_current->seo_url; ?>.html"/>

    <meta http-equiv="Content-Type" content="text/html; charset=utf-8"/>

$viewFile = '/home/brlfuser/public_html/src/Template/Layout/printlayout.ctp'
$dataForView = [
	'article_current' => object(App\Model\Entity\Article) {

		'id' => (int) 3838,
		'title' => 'Malegam to head RBI panel on microfinance by Dinesh Unnikrishnan',
		'subheading' => '',
		'description' => '<font face="arial,helvetica,sans-serif" size="3"><br />
</font>
<div align="justify">
<font face="arial,helvetica,sans-serif" size="3">Financial sector expert Y.H. Malegam will head a Reserve Bank of India (RBI) panel to look into the functioning of microfinance institutions or MFIs and their regulations. The MFIs are in the business of giving tiny loans.</font><br />
<br />
<font face="arial,helvetica,sans-serif" size="3">Kumar Mangalam Birla, Shashi Rajagopalan and U.R. Rao &ndash; all on the boards of the Indian central bank &ndash; and RBI deputy governor K.C. Chakrabarty are the members of the panel.</font><br />
<br />
<font face="arial,helvetica,sans-serif" size="3">The committee, which will submit its report in three months, will discuss critical issues that have been affecting the sector, ranging from high interest rates to the strong-arm methods used by such firms to recover loans.</font><br />
<br />
<font face="arial,helvetica,sans-serif" size="3">&ldquo;There have been some concerns expressed in the media about high interest rates, coercive recovery processes and multiple lending practised by some microfinance institutions,&rdquo; an RBI release said.</font><br />
<br />
<font face="arial,helvetica,sans-serif" size="3">The committee will &ldquo;study the issues and concerns in this sector, including ways and means of making interest rates charged by them reasonable.&rdquo;</font><br />
<br />
<font face="arial,helvetica,sans-serif" size="3">Currently, the top MFIs, around 20 of them, operate as non-banking finance companies and are regulated by RBI. The remaining around 800 MFIs are outside the regulator&rsquo;s purview. In terms of volume of business, the top 20 MFIs control about 80% of business.</font><br />
<br />
<font face="arial,helvetica,sans-serif" size="3">&ldquo;Although the registered companies cover over 80% of the microfinance business, in terms of number of companies they constitute a small percentage of the total number of MFIs in the country. The Reserve Bank, however, does not prescribe lending rates for these institutions,&rdquo; the RBI said.</font><br />
<br />
<font face="arial,helvetica,sans-serif" size="3">The central bank constituted the committee shortly after Andhra Pradesh government approved an ordinance to regulate the MFI operations, after nearly 30 deaths in a span of one and a half months reportedly due to the harassment by MFIs, PTI reported last week quoting official sources. According to the ordinance, MFIs should specify the area of their operations, the rate of interest, the system of operation and recovery to the government authorities.</font><br />
<br />
<font face="arial,helvetica,sans-serif" size="3">The RBI committee will meet the government representatives of Andhra Pradesh as well as other states before finalizing their report.</font><br />
<br />
<font face="arial,helvetica,sans-serif" size="3">Recently, the finance ministry has written to state-run banks asking them to ensure that the &ldquo;large and well established&rdquo; MFIs should charge 22-24% to their clients and smaller MFIs must prepare a road map to bring down their interest rates.</font><br />
<br />
</div>',
		'credit_writer' => 'Live Mint, 19 October, 2010, http://www.livemint.com/2010/10/19191543/Malegam-to-head-RBI-panel-on-m.html',
		'article_img' => '',
		'article_img_thumb' => '',
		'status' => (int) 1,
		'show_on_home' => (int) 1,
		'lang' => 'EN',
		'category_id' => (int) 16,
		'tag_keyword' => '',
		'seo_url' => 'malegam-to-head-rbi-panel-on-microfinance-by-dinesh-unnikrishnan-3928',
		'meta_title' => null,
		'meta_keywords' => null,
		'meta_description' => null,
		'noindex' => (int) 0,
		'publish_date' => object(Cake\I18n\FrozenDate) {},
		'most_visit_section_id' => null,
		'article_big_img' => null,
		'liveid' => (int) 3928,
		'created' => object(Cake\I18n\FrozenTime) {},
		'modified' => object(Cake\I18n\FrozenTime) {},
		'edate' => '',
		'tags' => [
			[maximum depth reached]
		],
		'category' => object(App\Model\Entity\Category) {},
		'[new]' => false,
		'[accessible]' => [
			[maximum depth reached]
		],
		'[dirty]' => [[maximum depth reached]],
		'[original]' => [[maximum depth reached]],
		'[virtual]' => [[maximum depth reached]],
		'[hasErrors]' => false,
		'[errors]' => [[maximum depth reached]],
		'[invalid]' => [[maximum depth reached]],
		'[repository]' => 'Articles'
	
	},
	'articleid' => (int) 3838,
	'metaTitle' => 'LATEST NEWS UPDATES | Malegam to head RBI panel on microfinance by Dinesh Unnikrishnan',
	'metaKeywords' => 'Microfinance',
	'metaDesc' => '


Financial sector expert Y.H. Malegam will head a Reserve Bank of India (RBI) panel to look into the functioning of microfinance institutions or MFIs and their regulations. The MFIs are in the business of giving tiny loans.

Kumar Mangalam Birla, Shashi...',
	'disp' => '<font ><br /></font><div align="justify"><font >Financial sector expert Y.H. Malegam will head a Reserve Bank of India (RBI) panel to look into the functioning of microfinance institutions or MFIs and their regulations. The MFIs are in the business of giving tiny loans.</font><br /><br /><font >Kumar Mangalam Birla, Shashi Rajagopalan and U.R. Rao &ndash; all on the boards of the Indian central bank &ndash; and RBI deputy governor K.C. Chakrabarty are the members of the panel.</font><br /><br /><font >The committee, which will submit its report in three months, will discuss critical issues that have been affecting the sector, ranging from high interest rates to the strong-arm methods used by such firms to recover loans.</font><br /><br /><font >&ldquo;There have been some concerns expressed in the media about high interest rates, coercive recovery processes and multiple lending practised by some microfinance institutions,&rdquo; an RBI release said.</font><br /><br /><font >The committee will &ldquo;study the issues and concerns in this sector, including ways and means of making interest rates charged by them reasonable.&rdquo;</font><br /><br /><font >Currently, the top MFIs, around 20 of them, operate as non-banking finance companies and are regulated by RBI. The remaining around 800 MFIs are outside the regulator&rsquo;s purview. In terms of volume of business, the top 20 MFIs control about 80% of business.</font><br /><br /><font >&ldquo;Although the registered companies cover over 80% of the microfinance business, in terms of number of companies they constitute a small percentage of the total number of MFIs in the country. The Reserve Bank, however, does not prescribe lending rates for these institutions,&rdquo; the RBI said.</font><br /><br /><font >The central bank constituted the committee shortly after Andhra Pradesh government approved an ordinance to regulate the MFI operations, after nearly 30 deaths in a span of one and a half months reportedly due to the harassment by MFIs, PTI reported last week quoting official sources. According to the ordinance, MFIs should specify the area of their operations, the rate of interest, the system of operation and recovery to the government authorities.</font><br /><br /><font >The RBI committee will meet the government representatives of Andhra Pradesh as well as other states before finalizing their report.</font><br /><br /><font >Recently, the finance ministry has written to state-run banks asking them to ensure that the &ldquo;large and well established&rdquo; MFIs should charge 22-24% to their clients and smaller MFIs must prepare a road map to bring down their interest rates.</font><br /><br /></div>',
	'lang' => 'English',
	'SITE_URL' => 'https://im4change.in/',
	'site_title' => 'im4change',
	'adminprix' => 'admin'
]
$article_current = object(App\Model\Entity\Article) {

	'id' => (int) 3838,
	'title' => 'Malegam to head RBI panel on microfinance by Dinesh Unnikrishnan',
	'subheading' => '',
	'description' => '<font face="arial,helvetica,sans-serif" size="3"><br />
</font>
<div align="justify">
<font face="arial,helvetica,sans-serif" size="3">Financial sector expert Y.H. Malegam will head a Reserve Bank of India (RBI) panel to look into the functioning of microfinance institutions or MFIs and their regulations. The MFIs are in the business of giving tiny loans.</font><br />
<br />
<font face="arial,helvetica,sans-serif" size="3">Kumar Mangalam Birla, Shashi Rajagopalan and U.R. Rao &ndash; all on the boards of the Indian central bank &ndash; and RBI deputy governor K.C. Chakrabarty are the members of the panel.</font><br />
<br />
<font face="arial,helvetica,sans-serif" size="3">The committee, which will submit its report in three months, will discuss critical issues that have been affecting the sector, ranging from high interest rates to the strong-arm methods used by such firms to recover loans.</font><br />
<br />
<font face="arial,helvetica,sans-serif" size="3">&ldquo;There have been some concerns expressed in the media about high interest rates, coercive recovery processes and multiple lending practised by some microfinance institutions,&rdquo; an RBI release said.</font><br />
<br />
<font face="arial,helvetica,sans-serif" size="3">The committee will &ldquo;study the issues and concerns in this sector, including ways and means of making interest rates charged by them reasonable.&rdquo;</font><br />
<br />
<font face="arial,helvetica,sans-serif" size="3">Currently, the top MFIs, around 20 of them, operate as non-banking finance companies and are regulated by RBI. The remaining around 800 MFIs are outside the regulator&rsquo;s purview. In terms of volume of business, the top 20 MFIs control about 80% of business.</font><br />
<br />
<font face="arial,helvetica,sans-serif" size="3">&ldquo;Although the registered companies cover over 80% of the microfinance business, in terms of number of companies they constitute a small percentage of the total number of MFIs in the country. The Reserve Bank, however, does not prescribe lending rates for these institutions,&rdquo; the RBI said.</font><br />
<br />
<font face="arial,helvetica,sans-serif" size="3">The central bank constituted the committee shortly after Andhra Pradesh government approved an ordinance to regulate the MFI operations, after nearly 30 deaths in a span of one and a half months reportedly due to the harassment by MFIs, PTI reported last week quoting official sources. According to the ordinance, MFIs should specify the area of their operations, the rate of interest, the system of operation and recovery to the government authorities.</font><br />
<br />
<font face="arial,helvetica,sans-serif" size="3">The RBI committee will meet the government representatives of Andhra Pradesh as well as other states before finalizing their report.</font><br />
<br />
<font face="arial,helvetica,sans-serif" size="3">Recently, the finance ministry has written to state-run banks asking them to ensure that the &ldquo;large and well established&rdquo; MFIs should charge 22-24% to their clients and smaller MFIs must prepare a road map to bring down their interest rates.</font><br />
<br />
</div>',
	'credit_writer' => 'Live Mint, 19 October, 2010, http://www.livemint.com/2010/10/19191543/Malegam-to-head-RBI-panel-on-m.html',
	'article_img' => '',
	'article_img_thumb' => '',
	'status' => (int) 1,
	'show_on_home' => (int) 1,
	'lang' => 'EN',
	'category_id' => (int) 16,
	'tag_keyword' => '',
	'seo_url' => 'malegam-to-head-rbi-panel-on-microfinance-by-dinesh-unnikrishnan-3928',
	'meta_title' => null,
	'meta_keywords' => null,
	'meta_description' => null,
	'noindex' => (int) 0,
	'publish_date' => object(Cake\I18n\FrozenDate) {},
	'most_visit_section_id' => null,
	'article_big_img' => null,
	'liveid' => (int) 3928,
	'created' => object(Cake\I18n\FrozenTime) {},
	'modified' => object(Cake\I18n\FrozenTime) {},
	'edate' => '',
	'tags' => [
		(int) 0 => object(Cake\ORM\Entity) {}
	],
	'category' => object(App\Model\Entity\Category) {},
	'[new]' => false,
	'[accessible]' => [
		'*' => true,
		'id' => false
	],
	'[dirty]' => [],
	'[original]' => [],
	'[virtual]' => [],
	'[hasErrors]' => false,
	'[errors]' => [],
	'[invalid]' => [],
	'[repository]' => 'Articles'

}
$articleid = (int) 3838
$metaTitle = 'LATEST NEWS UPDATES | Malegam to head RBI panel on microfinance by Dinesh Unnikrishnan'
$metaKeywords = 'Microfinance'
$metaDesc = '


Financial sector expert Y.H. Malegam will head a Reserve Bank of India (RBI) panel to look into the functioning of microfinance institutions or MFIs and their regulations. The MFIs are in the business of giving tiny loans.

Kumar Mangalam Birla, Shashi...'
$disp = '<font ><br /></font><div align="justify"><font >Financial sector expert Y.H. Malegam will head a Reserve Bank of India (RBI) panel to look into the functioning of microfinance institutions or MFIs and their regulations. The MFIs are in the business of giving tiny loans.</font><br /><br /><font >Kumar Mangalam Birla, Shashi Rajagopalan and U.R. Rao &ndash; all on the boards of the Indian central bank &ndash; and RBI deputy governor K.C. Chakrabarty are the members of the panel.</font><br /><br /><font >The committee, which will submit its report in three months, will discuss critical issues that have been affecting the sector, ranging from high interest rates to the strong-arm methods used by such firms to recover loans.</font><br /><br /><font >&ldquo;There have been some concerns expressed in the media about high interest rates, coercive recovery processes and multiple lending practised by some microfinance institutions,&rdquo; an RBI release said.</font><br /><br /><font >The committee will &ldquo;study the issues and concerns in this sector, including ways and means of making interest rates charged by them reasonable.&rdquo;</font><br /><br /><font >Currently, the top MFIs, around 20 of them, operate as non-banking finance companies and are regulated by RBI. The remaining around 800 MFIs are outside the regulator&rsquo;s purview. In terms of volume of business, the top 20 MFIs control about 80% of business.</font><br /><br /><font >&ldquo;Although the registered companies cover over 80% of the microfinance business, in terms of number of companies they constitute a small percentage of the total number of MFIs in the country. The Reserve Bank, however, does not prescribe lending rates for these institutions,&rdquo; the RBI said.</font><br /><br /><font >The central bank constituted the committee shortly after Andhra Pradesh government approved an ordinance to regulate the MFI operations, after nearly 30 deaths in a span of one and a half months reportedly due to the harassment by MFIs, PTI reported last week quoting official sources. According to the ordinance, MFIs should specify the area of their operations, the rate of interest, the system of operation and recovery to the government authorities.</font><br /><br /><font >The RBI committee will meet the government representatives of Andhra Pradesh as well as other states before finalizing their report.</font><br /><br /><font >Recently, the finance ministry has written to state-run banks asking them to ensure that the &ldquo;large and well established&rdquo; MFIs should charge 22-24% to their clients and smaller MFIs must prepare a road map to bring down their interest rates.</font><br /><br /></div>'
$lang = 'English'
$SITE_URL = 'https://im4change.in/'
$site_title = 'im4change'
$adminprix = 'admin'

include - APP/Template/Layout/printlayout.ctp, line 8
Cake\View\View::_evaluate() - CORE/src/View/View.php, line 1413
Cake\View\View::_render() - CORE/src/View/View.php, line 1374
Cake\View\View::renderLayout() - CORE/src/View/View.php, line 927
Cake\View\View::render() - CORE/src/View/View.php, line 885
Cake\Controller\Controller::render() - CORE/src/Controller/Controller.php, line 791
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 126
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 88
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51

Malegam to head RBI panel on microfinance by Dinesh Unnikrishnan

Financial sector expert Y.H. Malegam will head a Reserve Bank of India (RBI) panel to look into the functioning of microfinance institutions or MFIs and their regulations. The MFIs are in the business of giving tiny loans. Kumar Mangalam Birla, Shashi Rajagopalan and U.R. Rao – all on the boards of the Indian central bank – and RBI deputy governor K.C. Chakrabarty are the members of the panel. The committee, which will submit its report in three months, will discuss critical issues that have been affecting the sector, ranging from high interest rates to the strong-arm methods used by such firms to recover loans. “There have been some concerns expressed in the media about high interest rates, coercive recovery processes and multiple lending practised by some microfinance institutions,” an RBI release said. The committee will “study the issues and concerns in this sector, including ways and means of making interest rates charged by them reasonable.” Currently, the top MFIs, around 20 of them, operate as non-banking finance companies and are regulated by RBI. The remaining around 800 MFIs are outside the regulator’s purview. In terms of volume of business, the top 20 MFIs control about 80% of business. “Although the registered companies cover over 80% of the microfinance business, in terms of number of companies they constitute a small percentage of the total number of MFIs in the country. The Reserve Bank, however, does not prescribe lending rates for these institutions,” the RBI said. The central bank constituted the committee shortly after Andhra Pradesh government approved an ordinance to regulate the MFI operations, after nearly 30 deaths in a span of one and a half months reportedly due to the harassment by MFIs, PTI reported last week quoting official sources. According to the ordinance, MFIs should specify the area of their operations, the rate of interest, the system of operation and recovery to the government authorities. The RBI committee will meet the government representatives of Andhra Pradesh as well as other states before finalizing their report. Recently, the finance ministry has written to state-run banks asking them to ensure that the “large and well established” MFIs should charge 22-24% to their clients and smaller MFIs must prepare a road map to bring down their interest rates.