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Why is RBI concerned over microfinance credit growth in UP and Bihar?
Finshots Daily
The Rise and Fall of SKS Microfinance
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.
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