Banks denying loans to MFIs, even for amounts sanctioned

Banks denying loans to MFIs, even for amounts sanctioned

KOLKATA: Several banks are declining loan demands by microfinance institutions (MFIs), even for those within the sanctioned limits, which may choke the credit flow in the micro and self-employed segments. While the denial of liquidity support from banks has already made life difficult for the MFIs, the refusal of even sanctioned loans is further crippling […]