SKS Microfinance, later merged with IndusInd Bank, was the largest MFI in India, conducting the first IPO in 2010 amidst oversubscribed shares and rising prices, marking the peak of microfinance. However, underlying issues hinted at a forthcoming crisis.
In today's episode for 11th July 2024, we tell you why the RBI has advised microfinance lenders to ease up on loan approvals in Uttar Pradesh and Bihar.
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