HR Khan Appointed as chairman of MFI panel

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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