RBI asks MFIs to go slow in UP, Bihar


The Reserve Bank of India (RBI) has asked microfinance Institutions (MFIs) to go slow on loan disbursements in Bihar and Uttar Pradesh as a precautionary measure, according to a report by Moneycontrol.com. The two states account for 25.3% of total microfinance loans, unsecured loans primarily catering serve low-income women borrowers.

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