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LATEST NEWS UPDATES | Now, Orissa plans to regulate MFIs

Now, Orissa plans to regulate MFIs

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published Published on Nov 20, 2010   modified Modified on Nov 20, 2010

SKS Microfinance, the largest microfinance institution (MFI) in India, on Friday said that its balance sheet was healthy and did not resort to any emergency funding, as Orissa, following Andhra Pradesh, said it would look into the MFI's business processes in the state. It also said, through a release, that it was confident that "the regulation will actually strengthen the industry and benefit well funded, ethical lenders like SKS."

The release came a day after the company had said in a notice to the BSE that the new rules in AP had the potential to affect its business in the state.

The Times of India, 20 November, 2010, http://timesofindia.indiatimes.com/business/india-business/Now-Orissa-plans-to-regulate-MFIs/articleshow/6958170.cms


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