Sa-Dhan, the Reserve Bank of India (RBI)-appointed SRO overseeing microfinance institutions, according to sources, has suggested its members to reassess the interest rates applied to microfinance customers. "We have told them that the RoA should not exceed 4 per cent. RoA of 3-4 per cent is considered appropriate," according to a source familiar with the matter.
This story is from the October 23, 2024 edition of Business Standard.
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This story is from the October 23, 2024 edition of Business Standard.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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