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RBI asks microfinance companies to slow down in UP and Bihar

The central bank has advised microfinance lenders to slow down loan disbursements in Bihar and Uttar Pradesh, which account for 25.3% of total microfinance loans, primarily serving low-income women. Rapid growth in microfinance assets in these states since 2019 has raised concerns of market overheating, especially evident in the March quarter.

Dated 15 Jul 2024

By Sambit Roy

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