MFIs raise lending rates despite policy cut amid high credit costs
- Posted on July 14, 2025
- By Business News Today
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MFIs raise lending rates despite policy cut amid high credit costs
Despite policy rate cuts by the Reserve Bank of India, several microfinance institutions (MFIs) in India have increased their lending rates, diverging from other financial institutions. This decision comes amid concerns from the central bank and government regarding high interest rates for low-income borrowers.
