Regulatory mechanism on Micro Finance Institutions operating in private sector

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..... Regulatory mechanism on Micro Finance Institutions operating in private sector - News and Press Release Dated:- 25-11-2016 - News - Press Information Bureau Government of India Ministry o .....

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..... f Finance 25-November-2016 17:25 IST Micro Finance Institutions (MFIs) in India can operate in different forms- Non-Banking Financial Companies - Micro Finance Institutions (NBFC-MFIs), Trust .....

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..... s, Societies etc. Depending upon the nature of organisational structure, ownership, level of operations etc., MFIs are regulated under extant laws and guidelines of the Reserve Bank of India (RBI) and .....

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..... money lending laws of State Governments. RBI regulates microfinance entities which are having corporate (company) legal structures i.e. NBFC-MFIs. NBFC-MFIs are regulated by RBI under the provisio .....

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..... ns of Chapter IIIB of the RBI Act, 1934. RBI has issued regulatory guidelines and Fair Practice Code for these NBFC-MFIs. RBI has given recognition to two Self Regulatory Organisations (SROs). MFIs wh .....

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..... ich are members of these Self Regulatory Organisations (SROs) also adhere to a voluntary industry Code of Conduct. This was stated by Shri Santosh Kumar Gangwar, Minister of State in the Ministry o .....

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..... f Finance in written reply to a question in Lok Sabha today. ***** DSM/KA - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - .....

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..... TMI - TaxTMI - TMITax .....

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