Microfinance company
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
20 June 2012
Hi,
Is it mandatory requirement to take prior approval of RBI to form MICRO FINANCE COMPANY?
Please, can any one tell me what is other requirement?
Is it mandatory requirement to take prior approval of RBI to form MICRO FINANCE COMPANY?
Please, can any one tell me what is other requirement?
Ajay Mishra
(Expert)
20 June 2012
Hi
Yes, for any financing company they covered under NBFC and will be regulated by RBI. So approval is required from RBI.
Yes, for any financing company they covered under NBFC and will be regulated by RBI. So approval is required from RBI.
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