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Demonetisation To Have Temporary Impact On Microfinance Institutions: India Ratings

Mumbai: The Centre’s decision to demonetise Rs. 500 and Rs. 1,000 currency notes may impact microfinance institutions (MFIs) and their borrowers on short term, with the latter likely to face high overdoes. The Narendra Modi-led government on November 8 had announced demonetising notes of Rs. 500 and Rs. 1,000 in a clampdown on black money and counterfeit notes. “(Post demonetisation) ... Read More »