Miscellaneous

1. In an interesting article in the Mint, Suresh Gurumani has argued that private sector MFIs have demonstrated a scalable model that can also benefit the rural youth by providing gainful employment. He suggests that it is time for the government and the banks to step forward to use this model to further the objectives of financial inclusion.

2. The State of Bihar plans to set up two special courts to dispose of cases relating to defrauding of small investors by NBFCs.

3. The industry has differing views on the impact of the change in RBI regulations on NBFCs specializing in gold-loans - read here and here.

Finally, I am putting out a call for contributors to this blog. Anyone interested in contributing posts in the form of notes/ articles/ teasers in relation to the legal/ regulatory environment impacting NBFCs on a regular/ occasional basis, please drop me an mail - satyajit(dot)gupta(at)gmail(dot)com. Further details can be obtained through email.