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HR Khan Appointed as chairman of MFI panel

HR Khan Appointed as chairman of MFI panel_50.1

Former deputy governor of RBI, HR Khan has been appointed as the first chairman of the steering committee of the Code for Responsible Lending (CRL) in micro-credit. The CRL is a self-regulatory step for the micro-credit industry making diverse entities like banks, NBFC-MFIs and NBFCs adhere to standards of customer protection.

CRL was launched in September by MFIN and Sa-Dhan, an RBI-recognised association of MFIs, along with the Finance Industry Development Council, an association of NBFCs.

Source- Money Control 

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