NBFIRA’S RESPONSE TO THE INDUSTRY COMMENTS ON THE PRUDENTIAL RULES FOR LARGE MICRO LENDERS

Non-Bank Financial Institutions Regulatory Authority (NBFIRA) has developed prudential rules for large micro lenders as per Section 50 of the NBFIRA Act, 2006. These rules have been developed under Technical Assistance of International Monetary Fund (IMF). In this regard, NBFIRA held meetings with individual large lenders and a consultative workshop with the industry on March 11, 2016. In addition to the comments received in the workshops, NBFIRA received comments separately from some large micro lenders. 

Kindly view a summary of comments relating to the proposed rules under the Lending Activities tab: Documents file.