Q.3) What are the regulatory changes the RBI seeks to make in the regulation of the microfinance sector proposed in its consultation document? Also give suggestions to strengthen the framework. (10 Marks)

“Mentor’s Comments” https://www.financialexpress.com/opinion/microfinance-2-0-to-make-microfinance-regulation-better/2295124/ In the intro, mention the issue of different regulatory frameworks for NBFC-MFI and other lenders. In the body, mention the recently released┬ádocument by the RBI which seeks to make the level playing field for all the lenders through uniform regulations by removing limit of a maximum of two entities serving the customer, … Continue reading Q.3) What are the regulatory changes the RBI seeks to make in the regulation of the microfinance sector proposed in its consultation document? Also give suggestions to strengthen the framework. (10 Marks)