RBI lowers qualifying asset threshold for NBFC-MFIs to 60%, enabling greater diversification
Industry leaders, including CreditAccess Grameen CEO Ganesh Narayanan, welcomed the move as a transformative step that will enhance balance sheet stability and earnings potential. | Photo Credit: Naturecreator The RBI has reduced the qualifying asset threshold to 60% (net of intangible assets) from 75% of total assets for NBFC-MFIs (non-banking finance company – microfinance institutions),